옵션 체인은 다양한 행사가격과 만기일에 대한 Delta Air Lines의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Delta Air Lines에 대한 시장 심리를 평가합니다..

Delta Air Lines (NYSE:DAL) 주식, 옵션 체인

Delta Air Lines

Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.

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유가 하락으로 인해 월요일 몇몇 항공사 주식이 상승세를 보였습니다. 가장 큰 움직임을 보이는 몇 가지를 살펴보겠다.

항공사 주식이 월요일 상승한 이유: 원유 가격 하락으로 인한 영향

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델타 항공(NYSE:DAL)이 7월에 발생한 전세계적인 시스템 장애로 인해 크라우드스트라이크 홀딩스(NASDAQ:CRWD)를 조지아 주 법원에 고소했다. 이 사고로 비행편이 대규모로 취소되는 사태가 발생했다.

델타 항공, 7월 운항 중단으로 인해 130만 명의 고객에게 영향을 미친 CRWD에 $5억 소송 제기

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미국 연방항공청(FAA)이 화요일에 &#39;수직이착륙(powered lift)&#39;라는 새로운 항공기 범주를 설정하는 최종 규칙을 발표한 후 하늘을 나는(플라잉) 택시가 곧 미국에서 현실화될 수 있다.

플라잉 택시가 곧 현실화: 조비와 아처, eVTOL 항공기에 대한 새로운 FAA 규정을 환영

Delta Air Lines Inc

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Live On CNBC, Joe Terranova Announces Terranova ETF (JOET) Bought Delta Air Lines

Live On CNBC, Josh Brown Says "Delta Airlines Set To Break Out"

Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) has outperformed the market over the past 15 years by 2.66% on an annualized basis producing an average annual return of 14.3%. Currently, Delta Air Lines has a market capitalization of $37.03 billion. 
Buying $1000 In DAL: If an investor had bought $1000 of DAL stock 15 years ago, it would be worth $7,272.50 today based on a price of $57.38 for DAL at the time of writing.
<h3>Delta Air Lines's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730736091_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Delta Air Lines 15 Years Ago Would Be Worth This Much Today

Insider Trades

Delta Air Lines Form4 Filing Shows President Glen Hauenstein Sold 75,000 Shares Of Common Stock At An Average Price Of $58.30

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$41.5K</td>
<td>18.8K</td>
<td>11.7K</td>
</tr>
<tr>
<td>SMR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$22.00</td>
<td>$180.0K</td>
<td>10.4K</td>
<td>9.7K</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$190.00</td>
<td>$115.9K</td>
<td>5.5K</td>
<td>2.8K</td>
</tr>
<tr>
<td>PWR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$310.00</td>
<td>$139.0K</td>
<td>299</td>
<td>228</td>
</tr>
<tr>
<td>WM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$210.00</td>
<td>$30.0K</td>
<td>398</td>
<td>144</td>
</tr>
<tr>
<td>AGCO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$100.00</td>
<td>$35.8K</td>
<td>58</td>
<td>127</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.50</td>
<td>$42.0K</td>
<td>2.4K</td>
<td>85</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$90.00</td>
<td>$37.1K</td>
<td>473</td>
<td>83</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$360.00</td>
<td>$56.4K</td>
<td>909</td>
<td>82</td>
</tr>
<tr>
<td>HON</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$210.00</td>
<td>$58.2K</td>
<td>182</td>
<td>51</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we observe a call option sweep with bearish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 101 contract(s) at a $60.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $41.5K, with a price of $410.0 per contract. There were 18817 open contracts at this strike prior to today, and today 11725 contract(s) were bought and sold. 
• For SMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on November 15, 2024. This event was a transfer of 2000 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $180.0K, with a price of $90.0 per contract. There were 10432 open contracts at this strike prior to today, and today 9795 contract(s) were bought and sold. 
• Regarding GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 68 contract(s) at a $190.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $115.9K, with a price of $1705.0 per contract. There were 5528 open contracts at this strike prior to today, and today 2841 contract(s) were bought and sold. 
• For PWR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>), we notice a put option sweep that happens to be bearish, expiring in 14 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $310.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $139.0K, with a price of $1390.0 per contract. There were 299 open contracts at this strike prior to today, and today 228 contract(s) were bought and sold. 
• Regarding WM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), we observe a call option trade with bearish sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $600.0 per contract. There were 398 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold. 
• Regarding AGCO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>), we observe a put option trade with bullish sentiment. It expires in 112 day(s) on February 21, 2025. Parties traded 46 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $35.8K, with a price of $780.0 per contract. There were 58 open contracts at this strike prior to today, and today 127 contract(s) were bought and sold. 
• Regarding LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we observe a call option trade with bearish sentiment. It expires in 441 day(s) on January 16, 2026. Parties traded 75 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $560.0 per contract. There were 2463 open contracts at this strike prior to today, and today 85 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option trade that happens to be bullish, expiring in 287 day(s) on August 15, 2025. This event was a transfer of 75 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $37.1K, with a price of $495.0 per contract. There were 473 open contracts at this strike prior to today, and today 83 contract(s) were bought and sold. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on November 15, 2024. This event was a transfer of 23 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $56.4K, with a price of $2455.0 per contract. There were 909 open contracts at this strike prior to today, and today 82 contract(s) were bought and sold. 
• For HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we notice a put option trade that happens to be bullish, expiring in 441 day(s) on January 16, 2026. This event was a transfer of 32 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $58.2K, with a price of $1820.0 per contract. There were 182 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Industrials Stocks With Whale Alerts In Today's Session

Disclosed on October 31, Rahul D Samant, EVP &amp; Chief Info Officer at Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000027904/000168316824007516//Archives/edgar/data/27904/000168316824007516/0001683168-24-007516-index.htm">U.S. Securities and Exchange Commission</a> on Thursday outlined that Samant executed a sale of 10,000 shares of Delta Air Lines with a total value of $585,330.
Delta Air Lines's shares are actively trading at $58.49, experiencing a up of 0.05% during Friday's morning session.
<h3>About Delta Air Lines</h3>
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.
<h3>Delta Air Lines: A Financial Overview</h3>
Revenue Growth: Delta Air Lines's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 1.22%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 24.41%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Delta Air Lines's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.98.
</li>
</ul>
Debt Management: Delta Air Lines's debt-to-equity ratio is below the industry average at 1.79, reflecting a lower dependency on debt financing and a more conservative financial approach.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 7.94 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.61 is lower than the industry average, implying a discounted valuation for Delta Air Lines's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 8.81, Delta Air Lines could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>The Relevance of Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Transaction Codes To Focus On</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000027904">Check Out The Full List Of Delta Air Lines's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Rahul D Samant Takes Money Off The Table, Sells $585K In Delta Air Lines Stock

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/10/29/final-trades-meta-delta-air-lines-and-star-bulk-carrier.html">Halftime Report Final Trades</a>,&#8221; Kevin Simpson of Capital Wealth Planning said earnings of Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) are expected to be up 20%. The company has topped expectations in the past seven <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41612675/meta-bulls-await-earnings-surge-is-620-next-stop">quarters, he added</a>.
Wall Street expects Meta to report quarterly earnings at $5.25 per share on revenue of $40.29 billion after the closing bell today.
Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) as his final trade.
Delta Air Lines recently filed a lawsuit against cybersecurity firm CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) in a Georgia state court, following a global outage in July that led to <a href="https://www.benzinga.com/news/24/10/41562639/delta-air-lines-sues-crowdstrike-for-500m-over-july-outage-that-disrupted-flights-affecting-1-3m-cus">widespread flight cancellations.</a>
The lawsuit, lodged in Fulton County Superior Court, claims that a software update from CrowdStrike was "catastrophic," causing more than 8.5 million Microsoft&#8216;s Windows-based computers worldwide to crash.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said Star Bulk Carriers Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) has an 11% yield.
On Oct. 23, Stifel analyst Benjamin Nolan downgraded Star Bulk Carriers&#8217; rating from Buy to Hold and lowered the price target from $30 to $21.
Price Action:
<ul>
<li>Meta shares gained 2.6% to close at $593.28 during Tuesday's session.</li>
<li>Delta Air Lines shares gained 3.5% to settle at $57.34 during Tuesday's session.</li>
<li>Star Bulk Carriers shares gained 1.8% to close at $19.37 on Tuesday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41599928/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-for-october">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio For October</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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SBLK

Meta, Delta And A Global Shipping Stock On CNBC's 'Final Trades'

Delta Air Lines CEO Edward Bastian Sells 68,000 Shares At Average Price Of $56.33, Reducing Direct Ownership To 439,819 Shares

CNBC Halftime Report Final Trades: Meta Platforms, Delta Air Lines, Star Bulk Carriers

Delta Air Lines's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) short percent of float has fallen 12.67% since its last report. The company recently reported that it has 28.69 million shares sold short, which is 5.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.99 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Delta Air Lines Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730220311_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Delta Air Lines has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Delta Air Lines's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Delta Air Lines's peer group average for short interest as a percentage of float is 12.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Delta Air Lines's Recent Short Interest

Several airline stocks traded higher on Monday amid a drop in oil prices. Here&#8217;s a look at some of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41575181/crude-oil-faces-steepest-one-day-drop-in-over-two-years-energy-stocks-plunge-prices">biggest movers</a>.
<ul>
<li>American Airlines Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>)</li>
</ul>
<ul>
<li>United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)</li>
</ul>
<ul>
<li>Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)</li>
</ul>
<ul>
<li>Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>)</li>
</ul>
<ul>
<li>Spirit Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>)</li>
</ul>
<ul>
<li>Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) </li>
</ul>
<ul>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) </li>
</ul>
<ul>
<li>Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>), </li>
</ul>
The Details: Crude oil prices saw their sharpest one-day drop since 2022 on Monday. Oil futures for West Texas Intermediate (WTI) fell by 6%, settling near $67 per barrel. This drop followed <a href="https://www.benzinga.com/news/24/10/41567809/oil-etfs-plunge-premarket-after-israels-strikes-on-iran">Israeli airstrikes in Iran</a> that focused on military targets and avoided oil infrastructure, reducing fears of immediate supply disruptions.
Oil markets had initially reacted to Middle East tensions earlier in the month, with concerns that strikes on Iranian oil facilities could disrupt supply. However, the limited scope of these recent airstrikes led analysts to expect oil prices to remain under pressure. 
Analysts noted that if OPEC+ proceeds with plans to increase supply while demand, particularly from China, continues to decrease, prices could trend lower into 2025.
China's oil demand has slowed since May, with structural changes in its energy sector and a higher share of new electric vehicle registrations contributing to reduced oil consumption.
Lower oil prices are generally bullish for airlines given that oil is one of the biggest expenses for airline companies. All of the aforementioned stocks gained between 1% and 4% on Monday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41575181/crude-oil-faces-steepest-one-day-drop-in-over-two-years-energy-stocks-plunge-prices">Crude Oil Faces Steepest One-Day Drop In Over Two Years, Energy Stocks Plunge: Prices &#8216;Are Likely To Remain Under Pressure,&#8217; Analyst Says</a></li>
</ul>
Image via Shutterstock.

Airline Stocks Climb As Oil Prices Drop: What's Going On?

Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) shares rallied 3.2% to $55.89 Monday afternoon following a sharp decline in crude oil prices, which dropped more than 6% amid escalating tensions in the Middle East. 
As one of the largest U.S. carriers, Delta stands to benefit significantly from <a href="https://www.benzinga.com/news/24/10/41571526/exxon-shell-warren-buffett-backed-occidental-petroleum-and-other-oil-stocks-tumble-in-premarket-afte">lower fuel prices</a>, with fuel being one of the airline industry's largest variable costs. 
The prospect of sustained low oil prices has lifted investor optimism regarding Delta&#8217;s near-term profit margins and operating costs.
What To Know: West Texas Intermediate (WTI) crude oil fell to approximately $67 per barrel, marking one of the steepest single-day declines since mid-2022. The drop in prices was spurred by Israeli airstrikes on Iranian military installations that avoided Iran's oil infrastructure, averting a broader energy supply crisis. 
With no immediate disruption to Iran's oil exports, markets interpreted the measured response as a signal that regional stability could prevail, despite ongoing geopolitical tensions. This sentiment calmed fears of a <a href="https://www.benzinga.com/news/24/10/41567809/oil-etfs-plunge-premarket-after-israels-strikes-on-iran">potential oil price spike</a>, which would have had a direct impact on operating costs for Delta and other major airlines.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41583759/chipotle-q3-earnings-preview-will-growth-continue-during-leadership-changes">Chipotle Q3 Earnings Preview: Will Growth Continue During Leadership Changes?</a>
Delta's financial performance is closely tied to fuel costs, which constitute one of its largest expenses, representing nearly 20% of operating costs in recent quarters. With the airline's extensive domestic and international network—serving over 300 destinations in 50 countries—a drop in fuel prices could enhance Delta's profitability and free up capital for strategic initiatives. 
Additionally, Delta's unique position as the only major U.S. airline with its own oil refinery, located in Trainer, Pennsylvania, allows it greater flexibility in managing fuel costs. While Delta still relies on market prices to cover most of its fuel needs, the refinery gives it a strategic advantage in hedging against sudden price spikes.
A lower-cost fuel environment also gives Delta greater flexibility in pricing, a factor that could help it maintain its competitive edge in a high-demand travel market. Delta has been focused on expanding its premium service offerings—such as Delta One Suites and Delta Premium Select seating—to capture more of the high-margin travel segment. 
Lower fuel costs could allow Delta to retain competitive fares across all classes, potentially attracting additional customers and increasing load factors across its network.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41581488/is-s-p-500-headed-for-a-lost-decade-analysts-say-we-may-have-forgotten-about-divide">Is S&amp;P 500 Headed For A Lost Decade? Analysts Say &#8216;We May Have Forgotten About Dividends&#8217;</a>
<h2 class="wp-block-heading">How To Buy DAL Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Delta Air Lines&#8217; case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, DAL has a 52-week high of $56.64 and a 52-week low of $30.76.

Why Delta Air Lines Stock Hit A New 52-Week High Today

WIIM

MESA

RYAAY

SKYW

Shares of airline stocks are trading higher amid a drop in the price of oil, which can help decrease costs.

Stocks set for positive start after mixed week, earning news may cushion downside. Nasdaq gains 7th straight week, 7 'Magnificent' companies to post earnings.
U.S. stocks could get off to a positive start on Monday after the <a href="https://www.benzinga.com/markets/equities/24/10/41556896/investors-cautious-with-election-ahead-treasury-yields-surge-further-tesla-surprises-this-week-i">averages registered a mixed week</a>. While the S&amp;P 500 and Dow Jones snapped their six-week winning streak, the Nasdaq Composite chalked its seventh straight week of gains.
Earning news flow will continue to pick up momentum in the coming days, potentially cushioning any downside, with five of the &#8220;Magnificent 7&#8221; companies all set to post their earnings this week. This includes Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.78%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.62%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.52%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.68%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.64% to $582.72 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.77% to $499.11, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week: Amid simmering tensions in the Middle East and Israel's missile strikes in Iran, oil prices tumbled over the weekend.
Treasury yields rose during the week, signaling concerns that regardless of who wins the elections, the next administration might struggle with fiscal discipline. This sentiment was further exacerbated by the International Monetary Fund's warnings on the long-term trajectory&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41495286/deficit-strain-in-washington-will-get-worse-imf-warns-national-debt-projections-rev" target="_blank" rel="noreferrer noopener">of the U.S. national debt</a>.
On the economic data front, the University of Michigan consumer sentiment for the U.S. rose to 70.5 in October compared to a preliminary reading of 68.9.
Both the Dow Jones and S&amp;P 500 ended a six-week winning streak, falling around 1% and 2.7%, respectively. The Nasdaq recorded gains for the seventh straight week, gaining nearly 0.2% last week.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Week&#8217;s Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.2%</td>
<td>18,518.61</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1%</td>
<td>5,808.12</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-2.7%</td>
<td>42,114.40</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.87%</td>
<td>2,207.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts: Ryan Detrick, Chief Market Strategist at Carson Group, highlighted that this was the best "Sell in May" period since 2009.
"This is the best &#8216;sell in May&#8217; period since 2009. Remember when they told us to sell because of valuations, yield curves, wars, inflation, Fed, elections, quad poor, GDI, LEIs, weak breadth, recessions, etc? I do,&#8221; he wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is the best &#39;sell in May&#39; period since 2009. Remember when they told us to sell because of valuations, yield curves, wars, inflation, Fed, elections, quad poor, GDI, LEIs, weak breadth, recessions, etc? I do. Thankfully <a href="https://twitter.com/CarsonResearch?ref_src=twsrc%5Etfw">@CarsonResearch</a> pushed back against them all.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1850733217428431301?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"What happens next? Strength in these usually weak months is a clue the bull is alive and well."
He added that the best six months of the year for equity markets are "right around the corner."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 is currently up 15.4% during the &#39;Sell in May&#39; period for one of the best returns ever. What happens next? Strength in these usually weak months is a clue the bull is alive and well. When &gt;10% or more? Next six months higher 10 of 11 times and up 13.2% on avg. &#x1f4aa; <a href="https://t.co/EpVH1thdKT">pic.twitter.com/EpVH1thdKT</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1850732049952379039?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, despite mega-cap earnings scheduled for this week, rising treasury yields could potentially play spoilsport, according <a href="https://www.schwab.com/learn/story/weekly-traders-outlook">to</a> Nathan Peterson, Director of Derivatives Analysis at the Schwab Center for Financial Research.
"If yields continue to move higher next week this could generate selling pressure, regardless of mega-cap tech earnings," Peterson said.
He underscored that pre-election selling next week is a "possibility" and that there could be higher volatility in the markets.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data: Monday's economic calendar is light, with only the Dallas Fed's Manufacturing Business Index for October set to be released.
<ul>
<li>On Monday, the Dallas Fed Manufacturing Business Index will be released at 10:30 a.m. ET.</li>
<li>On Tuesday, retail (ex-auto) and wholesale inventory data will be released at 8:30 a.m. ET.</li>
<li>House Price Index will be released at 9 a.m. ET.</li>
<li>On Wednesday, Mortgage Market and Refinance indices will be released at 7 a.m. ET.</li>
<li>The Bureau of Economic Analysis will release Q3 GDP numbers at 8:30 a.m. ET.</li>
<li>The U.S. Department of Commerce will release the Q3 Real Consumer Spending data at 8:30 a.m. ET.</li>
<li>Pending home sales data will be released at 10 a.m. ET.</li>
<li>Crude oil inventories data will be released at 10:30 a.m. ET.</li>
<li>On Thursday, pending jobless claims and the Core PCE price index will be announced at 8:30 a.m. ET.</li>
<li>On Friday, payroll data will be released at 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), and Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) fell by over 2% in premarket trading due to falling crude oil prices.</li>
<li>Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) rose over 2% after the company sued CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) for the July IT outage, <a href="https://www.benzinga.com/news/24/10/41562639/delta-air-lines-sues-crowdstrike-for-500m-over-july-outage-that-disrupted-flights-affecting-1-3m-cus">saying it cost the company over $500 million</a>.</li>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NASDAQ">TSM</a>) shares fell 1.7% after cofounder Morris Chang warned that the company faces challenges due to a growing threat to the free trade of chips amid geopolitical tensions.</li>
<li>Investors are awaiting earnings results from ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), and Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets: Crude oil futures tumbled in the early New York session, falling by over nearly 6% due to Israel's strikes on Iran.
The 10-year Treasury note yield surged to 4.254%.
Major Asian markets ended mixed on Monday, while European stocks showed tentativeness and were mostly lower in early trading.
Read Next:
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<li><a href="https://www.benzinga.com/markets/asia/24/10/41565506/mohamed-el-erian-flags-japans-striking-inflation-paradox-as-shigeru-ishibas-ruling-ldp-loses-majorit">Mohamed El-Erian Flags Japan&#8217;s &#8216;Striking&#8217; Inflation Paradox As Shigeru Ishiba&#8217;s Ruling LDP Loses Majority — Yen Tumbles To 3-Month Low Against Dollar</a></li>
</ul>
Photo courtesy: Wikimedia

Earnings

Equities

Futures

Commodities

Economics

Federal Reserve

Pre-Market Outlook

AAPL

AMZN

GOOG

GOOGL

US Stocks Likely To Open In Green As Investors Eye 'Magnificent 7' Earnings This Week: Oil Prices Tumble, Expert Highlights Best 'Sell In May' Period Since 2009

Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) saw a 2.61% rise in pre-market trading on Monday. This uptick follows the airline&#8217;s recent legal action against Crowdstrike Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>).
As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, Delta Airlines was trading at $55.34 after closing at $54.12 on Friday. Crowdstrike, however, had only a slight uptick by 0.033%.
The lawsuit, filed in <a href="https://www.benzinga.com/news/24/10/41562639/delta-air-lines-sues-crowdstrike-for-500m-over-july-outage-that-disrupted-flights-affecting-1-3m-cus">Georgia on Friday,</a> accuses the vendor of contract breach and negligence, linked to a July outage that disrupted millions of computers and led to 7,000 flight cancellations.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41561733/lawsuit-against-the-feds-could-set-precedent-on-state-rights-new-mexico-marijuana-firms-move-to-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lawsuit Against The Feds Could Set Precedent On State Rights: New Mexico Marijuana Firms Move To Stop Seizures</a>
Delta, headquartered in Atlanta, <a href="https://www.benzinga.com/news/24/08/40124678/delta-air-lines-ceo-calls-microsoft-most-fragile-platform-after-crowdstrike-outage-causes-500m-loss">reported a $380 million revenue loss</a> and $170 million in costs due to the incident. While other airlines managed to recover more swiftly, Delta&#8217;s operations were severely affected.
The issue was traced back to a faulty software update impacting computers running Microsoft's Windows operating system. In response, Delta has engaged David Boies from Boies Schiller Flexner to seek damages from the software vendor and Microsoft.
The airline is pursuing compensation for its financial losses, litigation expenses, and punitive damages, underscoring its commitment to addressing the financial impact of the outage and holding those responsible accountable.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41526572/whats-going-on-with-rivian-automotive-stock-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Rivian Automotive Stock Today?</a></li>
</ul>
Photo by VanderWolf via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Delta Airlines Is Flying Higher During Pre-Market: What's Going On

Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) has filed a lawsuit against cybersecurity firm CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) in a Georgia state court, following a global outage in July that led to <a href="https://www.benzinga.com/news/24/08/40124678/delta-air-lines-ceo-calls-microsoft-most-fragile-platform-after-crowdstrike-outage-causes-500m-loss">widespread flight cancellations</a>.
What Happened: The lawsuit, lodged in Fulton County Superior Court, claims that a software update from CrowdStrike was &#8220;catastrophic,&#8221; causing more than 8.5 million Microsoft Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Windows-based computers worldwide to crash.
The disruption on July 19 resulted in flight cancellations globally and impacted sectors such as banking, healthcare, and hospitality.
Delta, a CrowdStrike customer since 2022, alleges the outage led to the cancellation of 7,000 flights over five days. The airline said it affected 1.3 million passengers, costing it over $500 million.
See Also: <a href="https://www.benzinga.com/news/24/10/41559160/elon-musks-2-9k-offer-rejected-by-sec-agency-requests-judge-to-sanction-billionaire-over-missed-depo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s $2.9K Offer Rejected By SEC, Agency Requests Judge To Sanction Billionaire Over Missed Depositions</a>
Delta is seeking over $500 million for out-of-pocket losses and unspecified damages for lost profits, legal fees, and reputational harm.
The U.S. Transportation Department has also launched an investigation into the incident.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The incident has been described as the <a href="https://www.benzinga.com/news/24/07/39870313/microsoft-crowdstrike-issue-caused-largest-it-outage-in-history-showing-how-much-we-depend-on-a-hand">&#8220;largest IT outage in history,&#8221;</a> highlighting the extent of reliance on key technology companies. Microsoft was also impacted, with its cloud services experiencing outages, leading to flight cancellations for several airlines.
Following the incident, Delta Air Lines CEO Ed Bastian publicly criticized Microsoft&#8217;s platform as &#8220;fragile,&#8221; contrasting it with the stability of Apple Inc. Delta has engaged attorney David Boies to pursue damages from both CrowdStrike and Microsoft. The airline expects a direct revenue impact of $380 million for the September quarter due to the operational disruptions.
Price Action: Delta Air Lines' stock closed 1.2% lower at $54.12 on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
CrowdStrike's stock fell 1.3% on Friday, closing at $300.62.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41562574/google-is-working-on-an-ai-system-named-jarvis-to-handle-your-search-shopping-and-flight-booking-nee">Google Is Working On An AI System Named &#8216;Jarvis&#8217; To Handle Your Search, Shopping, And Flight Booking Needs: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Delta Air Lines Sues CrowdStrike For $500M Over July Outage That Disrupted Flights, Affecting 1.3M Customers

The U.S. Justice Department's Antitrust Division and the Department of Transportation announced on Thursday they have opened a broad public inquiry into the state of competition in air travel on topics including previous airline mergers, aircraft manufacturing, airline ticket sales, <a href="https://www.benzinga.com/government/24/09/40745931/delta-southwest-and-other-airlines-in-hot-waters-with-us-transportation-department-for-unfair-reward">pricing and rewards practices</a>.
The Details: The agencies <a href="https://www.justice.gov/opa/pr/justice-department-and-department-transportation-launch-broad-public-inquiry-state">have issued</a> a Request for Information (RFI) and seek the public's input on anticompetitive conduct, consolidation and issues affecting the availability and affordability of air travel options.&nbsp;
"Competition in air travel is a vehicle for better quality, better fares and better choices for Americans," said Assistant Attorney General Jonathan Kanter of the Justice Department's Antitrust Division.
"With this inquiry, we hope to learn more from the businesses and travelers at the center of this essential industry. Their feedback will ensure the Justice Department can continue to build on its historic efforts to protect competition in air travel," Kanter added.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41546663/fridays-top-5-trending-stocks-whats-the-scoop-on-tesla-sofi-joby">Friday&#8217;s Top 5 Trending Stocks: What&#8217;s The Scoop On Tesla, SoFi, Joby?</a>
The U.S. Travel Association reacted to the DOJ's public inquiry into competition in air travel, which it sees as politically motivated.&nbsp;
"Today's announcement by the Departments of Transportation and Justice that they will launch ‘broad inquiries' into airline business practices is another in a long line of disappointing political stunts," the U.S. Travel Association said <a href="https://www.ustravel.org/press/us-travel-reacts-doj-dot-inquiry-air-travel-competition">in a statement</a>.
DOJ Cracks Down: Under the Biden administration, the DOJ has cracked down on industry consolidation and mergers and successfully blocked <a href="https://www.benzinga.com/news/24/03/37455281/jetblue-spirit-airlines-shares-are-moving-monday-whats-going-on">the merger</a> of JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) and Spirit Airlines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NASDAQ">SAVE</a>) earlier this year.  
Spirit Airlines continues to face financial trouble and a potential bankruptcy after the deal with JetBlue fell through. Earlier this week, it was reported the<a href="https://www.benzinga.com/m-a/24/10/41496171/whats-going-on-with-spirit-airlines-stock-wednesday"> airline had resumed</a> preliminary merger discussions with Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>). The potential merger of the two airlines would likely coincide with Spirit's restructuring of its debt and other liabilities in bankruptcy and could be affected by actions resulting from the DOJ's latest inquiry. 
Last month, the DOT launched an inquiry into whether the loyalty programs of the four largest U.S. airlines have engaged in unfair, deceptive or noncompetitive practices. Transportation Secretary Pete Buttigieg sent a letter to American Airlines, Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), United Airlines and Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) requesting records and reports related to the airlines&#8217; loyalty programs, practices and policies.
Federal agencies did allow a merger between Hawaiian Holdings, Inc. and Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) <a href="https://www.benzinga.com/government/24/08/40455513/alaska-airlines-hawaiian-airlines-1-9b-merger-gets-doj-green-light-awaits-transportation-department">to be completed</a> in September. However, the DOT required the companies to agree to a set of consumer protections before giving the deal the green light. 
Why It Matters: Other companies in the airline industry may be affected by the joint inquiry announced Thursday, including planemaker Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and parts supplier Spirit Aerosystems Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>). Investors can monitor the effects on the industry through airline-focused ETFs, including the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and the iShares Trust iShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>). 
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Image: Courtesy of&nbsp;United Airlines Holdings, Inc.

iShares Dow Jones US Financial Sector Index Fund

iShares Dow Jones Transportation Average Index Fund

JETS

DOJ, DOT Open Inquiry Into Airline Competition Amid Rising Concerns

Flying taxis could soon be a reality in the U.S. after the Federal Aviation Administration (FAA) issued a final rule on Tuesday that establishes a new category of aircraft called <a href="https://www.benzinga.com/trading-ideas/technicals/24/08/40203572/joby-aviation-air-taxi-dreams-vs-bearish-reality">&#8220;powered lift.&#8221;</a>&nbsp;
The Details: The FAA's powered lift category applies to electric vertical takeoff and landing (eVTOL) aircraft, commonly known as "air taxis" and marks an important step towards bringing eVTOLS into U.S. airspace.&nbsp;
eVTOL aircraft are powered by electricity and take off and land vertically, like helicopters.&nbsp; Once airborne, eVTOL aircraft use tilt rotors which transition into forward flight mode, like fixed wings on an airplane.&nbsp;
"Powered lift aircraft are the first new category of aircraft in nearly 80 years," FAA administrator Mike Whitaker said <a href="https://www.faa.gov/newsroom/new-rule-faa-ready-air-travel-future">in a statement</a>. "This historic rule will pave the way for accommodating wide-scale Advanced Air Mobility operations in the future."
Read Next: <a href="https://www.benzinga.com/news/24/10/41546663/fridays-top-5-trending-stocks-whats-the-scoop-on-tesla-sofi-joby">Friday&#8217;s Top 5 Trending Stocks: What&#8217;s The Scoop On Tesla, SoFi, Joby?</a>
The regulatory development has been welcomed by leading eVTOL aircraft developers who aim to bring air taxis to reality in the U.S, including Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) and Archer Aviation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NASDAQ">ACHR</a>). 
Why It Matters: Archer Aviation released <a href="https://www.benzinga.com/pressreleases/24/10/b41513646/archer-applauds-faas-final-rules-for-operating-evtol-aircraft">a statement</a> applauding the FAA final rules, which the company described as "the key operational piece of the regulatory puzzle" to allow the company to proceed with its plans for safely commercializing eVTOL air taxis in the U.S.
&#8220;We applaud the FAA on the release of the SFAR ahead of schedule as it represents a tremendous milestone for our country and the eVTOL industry. Now, Archer has a clear roadmap to pioneer eVTOL here in the U.S. Our team is full speed ahead in our ongoing partnership with the FAA as we work towards commercialization as soon as possible,&#8221; said Adam Goldstein, CEO of Archer.&nbsp;&nbsp;
Archer intends to launch commercial air taxi operations in 2025 in the New York City market with planned routes between the three area airports and Manhattan. The company also plans to launch air taxi services at Newark International Airport and Chicago&#8217;s O&#8217;Hare International Airport and an air mobility network in the Los Angeles area in 2026.&nbsp;
Joby Aviation also released <a href="https://www.benzinga.com/pressreleases/24/10/b41467788/joby-welcomes-publication-of-new-operating-regulations-by-faa">a statement</a> about the new FAA regulations which said "lays the groundwork necessary for Joby to launch commercial passenger service in the U.S."  
Joby targeted 2025 for full FAA certification of its aircraft and its<a href="https://www.benzinga.com/markets/equities/24/04/38270560/joby-aviation-may-launch-flying-taxis-by-2025-whats-going-on"> planned launch</a> of commercial passenger service. Joby has signed <a href="https://www.benzinga.com/markets/equities/24/04/38270560/joby-aviation-may-launch-flying-taxis-by-2025-whats-going-on">a partnership</a> with Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) to operate &#8220;home-to-airport&#8221; air taxi flights in New York City and Los Angeles, also expected to commence in 2025. The company projects to have a rideshare fleet of 850 aircraft, conducting 40 flights per aircraft per day, by 2026. 
The eVTOL industry could potentially revolutionize transportation, and offer new possibilities for passenger transport, cargo delivery and emergency services in both urban and rural areas. The FAA's new regulations provide a regulatory path toward safe and convenient commercial air taxi services. 
"The FAA will continue to prioritize the safety of our system as we work to seamlessly integrate innovative technology and operations," said FAA Administrator Whitaker
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Photo: Courtesy of Archer Aviation, Inc.

Flying Taxis Are Almost Here: Joby, Archer Aviation Applaud New FAA Regulations For eVTOL Aircraft

The U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) is soaring, up 51.65% over the past year, <a href="https://www.benzinga.com/topic/airlines">powered by strong gains</a> in its top holdings, including Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>).
The ETF just made a Golden Cross, a bullish signal signaling more upside ahead.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25121959/Screenshot-2024-10-25-at-9.26.43-PM.png" alt="" class="wp-image-614855" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25121959/Screenshot-2024-10-25-at-9.26.43-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/25121959/Screenshot-2024-10-25-at-9.26.43-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
The 50-day simple moving average (SMA) at $19.95 has crossed above the 200-day SMA at $19.71, triggering a bullish trend.
As travel demand rebounds, the airline industry is riding high. But as we head into the final quarter of 2024, can the sector maintain altitude with looming challenges ahead?
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41429116/delta-air-lines-soars-with-a-golden-cross-new-cabins-new-heights">Delta Air Lines Soars With A Golden Cross: New Cabins, New Heights</a>
<h2 class="wp-block-heading">JETS ETF Soars, Backed by Airline Giants</h2>
The JETS ETF, with Delta and Southwest among its top holdings, has been a high-flyer in 2023. It's up 20.33% year-to-date, supported by United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) stellar performance.
United recently hit a 52-week high after posting strong third-quarter earnings, which exceeded expectations with $3.33 per share and $14.84 billion in revenue. 
Despite some turbulence, including a slight dip in revenue per available seat mile (RASM), United&#8217;s future outlook remains optimistic with solid free cash flow of $3.4 billion year-to-date.
With a strong 83.64% year-to-date rise in United&#8217;s stock price, investors in the JETS ETF have been smiling, but the road ahead could get bumpy for other airline stocks like Delta and Southwest.
<h2 class="wp-block-heading">Delta Battles Headwinds After Outage</h2>
Delta Air Lines has had its fair share of turbulence lately. The airline reported that a costly technology outage during the summer, involving cybersecurity companies CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), wiped out $380 million in revenue.
Despite the hit, Delta posted $15.68 billion in revenue for the third quarter, but it fell short of analysts' expectations.
Even so, Delta is banking on strong holiday demand to lift its fourth-quarter earnings, projecting revenues to rise between 2% and 4%. But with looming election uncertainty briefly deterring air travel, and its capacity for future tech failures now a concern, can Delta regain momentum?
<h2 class="wp-block-heading">Southwest Beats Expectations, But Boeing Concerns Linger</h2>
Meanwhile, Southwest Airlines posted an unexpected earnings beat in its third quarter report, with 15 cents EPS versus breakeven forecasts. Revenue also surpassed estimates at $6.87 billion, thanks to higher-than-expected travel demand. But despite the positive earnings, Southwest's stock dipped due to concerns over potential Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) delivery delays, adding uncertainty to its future growth.
Southwest also inked an agreement with activist investor Elliott Investment Management, which could lead to further strategic changes. The airline&#8217;s cautious tone around Boeing delays may cause some turbulence in the short term, but long-term investors might want to keep their seat belts fastened for future gains.
<h2 class="wp-block-heading">What's Next For Airline Investors?</h2>
As the fourth quarter unfolds, investors in the JETS ETF and individual airline stocks will be watching closely. Will strong travel demand be enough to offset the headwinds facing Delta and Southwest? 
And can the industry's investments in infrastructure, technology, and partnerships with companies like Microsoft lead to smoother skies in 2025?
With Delta battling outages, Southwest navigating Boeing uncertainties, and United soaring ahead, the airline industry has plenty of drama left in the tank. 
For now, it's time for investors to sit tight and prepare for what could be a bumpy ride ahead.
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Image: Unsplash

Technicals

JETS ETF Takes Flight While Delta, Southwest Face Turbulence: What's Next For Airline Stocks?

Agencies Seek Information on Consolidation, Anticompetitive Conduct and a Wide Range of Issues Impacting the Availability and Affordability of Air Travel Options
The Justice Department&#39;s Antitrust Division and Department of Transportation (DOT) today jointly announced a broad public inquiry into the state of competition in air travel. The agencies are seeking public information on consolidation, anticompetitive conduct and a wide range of issues affecting the availability and affordability of air travel options. The topics covered in the agencies&#39; joint Request for Information (RFI) include previous airline mergers, exclusionary conduct, airport access, aircraft manufacturing, airline ticket sales, pricing and rewards practices and the experiences of aviation workers.
<a href="https://www.justice.gov/opa/pr/justice-department-and-department-transportation-launch-broad-public-inquiry-state" title="https://www.justice.gov/opa/pr/justice-department-and-department-transportation-launch-broad-public-inquiry-state">https://www.justice.gov/opa/pr/justice-department-and-department-transportation-launch-broad-public-inquiry-state</a>

Reported Earlier, 'Justice Department and Department of Transportation Launch Broad Public Inquiry into the State of Competition in Air Travel' - DOJ

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