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-0.000283114668221822 -0.000113584926771665 0.000225474556128651 0.00192077197063059 0.00103074082801705 -0.00143083101783965 -0.000283114668221822 -0.000934108875390606
Stock impact report

Airlines in Bear Market as Oil Poses ‘Existential' Threat [Yahoo! Finance Canada]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
that the war in the Middle East threatens to dramatically squeeze profits by driving up fuel costs. The S&P Supercomposite Airlines Industry Index closed down 4.1% on Friday afternoon, extending a skid into a sixth day. The group is down over 22% from a multi-year high marked just last month. A decline of 20% or more from a peak is defined as a bear market. Most Read from Bloomberg The sharp decline in shares stems from the Iran conflict, which has caused the prices of jet fuel to surge. Analysts worry that prices could stay high for some time as war in the Middle East drags on. The price jump represents an “existential threat” for carriers, Deutsche Bank warned on Friday. The industry suffered serious damage when fuel prices surged in 2005, prompting Delta Air Lines Inc. and Northwest Airlines to file for bankruptcy, the firm noted. “Absent near-term relief, airlines around the world could be forced to ground” thousands of aircraft as a result of the Iran war, analyst Mic Show less Read more
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