Rising oil prices help ground U.S. airline stocks; could make them cheap 2:46pm EDT [Reuters]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Reuters
Rising oil prices help ground U.S. airline stocks; could make them cheap | Reuters 5 Min Read NEW YORK (Reuters) - Shares of U.S. airlines have been depressed by rising oil prices this year, but their descent to relatively cheap levels could position them for takeoff. Just since mid-March, the S&P 1500 airlines index .SPCOMALI has tumbled more than 10 percent. While other factors, including broader market volatility, are weighing on the shares, the decline has coincided with an 18 percent rise in U.S. crude oil prices CLc1 to over $70 a barrel. An expected strong summer travel season could lure investors back to the stocks with more enticing values in the face of higher fuel prices. Fuel is one of the biggest costs for airlines, with analysts saying they generally make up about one third of operating expenses. “Investors have been concerned about oil prices all year long,” said Jim Corridore, an analyst covering airlines at CFRA Research. Over the past 50 trading sessions, there has b
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DAL
Earnings
- 1/12/24 - Beat
DAL
Sec Filings
- 3/12/24 - Form 8-K
- 2/29/24 - Form 4
- 2/27/24 - Form 144
- DAL's page on the SEC website