|Bid||29.02 x 800|
|Ask||29.09 x 3000|
|Day's Range||28.48 - 29.58|
|52 Week Range||28.10 - 46.27|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||31.89|
|Earnings Date||Oct 11, 2022 - Oct 17, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 19, 2020|
|1y Target Est||49.60|
Subscribe to Yahoo Finance Plus to view Fair Value for DAL
Airline stocks continue to underperform the overall market, with shares of United Airlines Holdings (NASDAQ: UAL), American Airlines Group (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), JetBlue Airways (NASDAQ: JBLU), and Frontier Group Holdings (NASDAQ: ULCC) all down as much as 5%, and stocks including Southwest Airlines (NYSE: LUV) and Alaska Air Group (NYSE: ALK) down more than 3% apiece. The Federal Reserve pushed rates higher again this week, and it appears Chairman Jerome Powell's message to markets about the group's commitment to getting inflation under control is being received.
The U.S. Energy Department on Friday issued a plan detailing a government-wide strategy for ramping up production and use of sustainable aviation fuels (SAF). In September 2021, the Biden administration launched a government challenge to supply at least 3 billion gallons of SAF per year by 2030 and have enough SAF by 2050 "to meet 100% of aviation fuel demand, currently projected to be around 35 billion gallons a year." U.S. airlines have pledged to work with the government to make 3 billion gallons of SAF available to aircraft operators by 2030.
The latest Federal Reserve rate hike and Fed Chair Jerome Powell's vow to do whatever is necessary to fight inflation are rippling through markets, sending shares down due to investor fears that the Fed's actions will push the economy into a recession. Travel is perhaps the ultimate big-ticket discretionary purchase, and airline stocks are tumbling as part of the broader sell-off. Shares of JetBlue Airways (NASDAQ: JBLU), American Airlines Group (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL) are all down as much as 5%, with shares of Delta Air Lines (NYSE: DAL), Alaska Air Group (NYSE: ALK), and Southwest Airlines (NYSE: LUV) all down 3% or more.