UAUA Plunges Following Delta's Q2 Results

Shares of UAL Corporation (NASDAQ: UAUA) are moving down after Delta Air Lines Inc (NYSE: DAL) reported its results for the June quarter.

UAUA’s shares fell 5.34% to $20.21 at 1:11 pm. The NYSE Arca Airline Index (XAL) is down 2.76% after the DAL’s quarterly results. UAUA is all set to report its Q2 earnings tomorrow. The analysts expect the company to post its first quarterly profit since the third quarter of 2007.

UAL’s shares have dropped 10.93% over the previous month, while they have gained 65.38% so far this year.

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