Delta Stock (DAL) plunged today over 3% as the airline warned that higher fuel costs are going to impact their earnings. While they do not see a change in their revenue numbers for 2018, they now expect a change in earnings.
With fuel prices expected to be at levels last seen in 2014, they have altered their earnings forecast. For the next 3 months which end June 30 they expect to earn $1.65 to $1.75 a share versus original forecasts of $1.80 to $2.00 a share.
This news lowered all airline stocks this morning.
As members know I have positions in Delta Stock (DAL). The rest of this article looks at my present positions and how they will be handled.
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