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.
The rest of these quick comments are for FullyInformed Members.
Quick Comments On Delta Stock (DAL) Plunge – June 6 2018
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