Why Delta Air Lines Shares Are Falling

Delta Air Lines, Inc. DAL shares are trading lower by 3.2% to $37.25 Tuesday morning. The stock is falling, potentially on downward momentum, after the company on Friday reported fourth-quarter financial results and issued guidance.

What Happened?

In the fourth quarter of FY23, Delta reported a 5.9% year-over-year growth in operating revenue to $14.22 billion and an 11.1% year-over-year increase in adjusted operating revenue to $13.66 billion, surpassing the consensus of $13.52 billion.

The adjusted EPS of $1.28 meanwhile exceeded the consensus of $1.17. Total passenger revenue showed a 12% YoY increase, reaching $12.17 billion, while cargo revenue decreased by 24% YoY to $188 million…Read More

According to data from Benzinga Pro, DAL has a 52-week high of $49.81 and a 52-week low of $30.60.