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Delta Air Lines can pursue much of its lawsuit seeking to hold cybersecurity company CrowdStrike liable for a massive computer outage last July that caused the carrier to cancel 7,000 flights, a Georgia state judge ruled.
Airline stocks United Airlines Holdings Inc (NASDAQ:UAL) and Delta Air Lines Inc (NYSE:DAL) are both brushing off broad market weakness today.
In the closing of the recent trading day, Delta Air Lines (DAL) stood at $50.92, denoting a +1.27% change from the preceding trading day.
Delta Air Lines (DAL) on Thursday announced plans to update its fare structure, launching new branding for its tiers of tickets for flights scheduled for Oct. 1 and later.
Airlines are gearing up for summer, with global traffic looking positive despite geopolitical tensions and seasonal low points in spring. Regional and international flight growth varies, with Asia Pacific and European routes leading, while North American and Middle Eastern routes lag. IAG stands out due to recent aircraft acquisitions, but overall industry growth has slowed compared to previous years.
Subscribers to Chart of the Week received this commentary on Sunday, May 11.
Airline stocks are poised for growth in 2025 due to a favorable regulatory environment, corporate transactions, and robust travel demand. The JETS ETF, trading at $22.51, has rebounded 31.6% since April lows and remains a diversified investment in the airline sector. Tariffs impacted travel demand and airline stocks, but recent trade deals with the U.K. and China have lifted market sentiment.
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The investment comes at a shaky moment for travel between Canada and the U.S., with Canadians taking fewer trips to the U.S.
Delta (DAL) reported earnings 30 days ago. What's next for the stock?