DAL Stock Recent News
DAL LATEST HEADLINES
Hundreds of passengers have been taken off a plane after one of its engines caught fire as it was about to take off, airport officials have said.
A Delta Air Lines plane on Monday carrying nearly 300 passengers suffered an engine fire after pushing back from the gate at Orlando International Airport in Florida, forcing the passengers to evacuate using slides, the Federal Aviation Administration said.
The road ahead for business travel could be bumpy.
Airline stocks have plummeted this year on recession and political fears. American Airlines is down roughly 42% YTD, Delta is down 31%, and United Airlines is down 30%. Are they value plays? I'm not sure. Despite trading for 5-7x earnings, a weakening economy suggests the need for utmost caution.
March wasn't the best month for the S&P 500, with the index dropping 5.8%. It was a tough month all around, as 98 of the S&P 500 stocks finished the month down at least 10%, but two especially had a bad month: Delta Air Lines (DAL -0.29%) and United Airlines (UAL 0.36%).
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
The Federal Aviation Administration said it is investigating after a Delta airline crew reported an engine issue on a Boeing 737-900 flight on Monday.
The underlying cause of the price crash is the maximum uncertainty linked to Trump's tariff agenda and the trade war it caused. But investors should note that Delta's business remains firm, and the company is rebuilding shareholder value quickly.
Given the tariff-induced uncertainty, we assess DAL stock's investment worthiness at the current levels.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.