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0.000618538182446797 0.000506692922059189 0.00152346801649209 0.00149974326428871 0.000167767890581473 -0.000176241016368335 -1.69462515732416E-06 -0.000171157140896242
Stock impact report

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

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
Company Research Source: Yahoo! Finance
Bloomberg (Bloomberg) -- US airline stocks slipped into a bear market as Wall Street warns 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 US Sinking of Iranian Warship Piles Pressure on India's Modi China Tells Top Refiners to Halt Diesel and Gasoline Exports ‘As Dead as Fried Chicken': Why Trump Finally Fired Noem Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch Modi Stresses Dialog, Diplomacy After US Sinks Iran Warship 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. Show less Read more
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