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Delta Air Lines, Inc. (DAL) - free report >>
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Delta Air Lines, Inc. (DAL) - free report >>
Airline Stocks Take Another Tumble
As COVID cases surge across the US, vacationers have started to rethink their travel plans.
In the past month, the virus has spread rapidly across the country growing from 2 million to over 3.1 million cases. Major US airlines, including American (AAL - Free Report) , United (UAL - Free Report) , and Delta (DAL - Free Report) , have lost between 28% and 43% of their value over the past 30 days. American Airlines (AAL - Free Report) led the pack down, and Delta (DAL - Free Report) was the relative outperformer.
Have airlines hit their bottom, or is there still pain ahead?
A lot of risk remains for the commercial airline industry. I’m not about to grab any of these falling knives quite yet. Q2 earnings will dictate my attitude towards airline stocks.
I will consider jumping in if we see another share price dip from the upcoming earnings. If Delta (DAL - Free Report) shares dip below $20 per share again, I will be a buyer.
5 Stocks to Soar Past the Pandemic:In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.
See the 5 high-tech stocks now>>