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Why Delta's Stock Is Trading Lower Today

Why Delta's Stock Is Trading Lower Today

Delta Air Lines (NYSE: DAL) shares are trading lower after the company reported worse-than-expected second-quarter EPS results.

Delta reported quarterly losses of $9.01 per share, which missed the analyst consensus estimate of a loss of $4.12. The company reported quarterly sales of $1.47 billion, which beat the analyst consensus estimate of $1.40 billion.

Atlanta-based Delta Air Lines is one of the world's largest airlines, flying to more than 325 destinations in 60 countries. Delta operates a hub-and-spoke system, where it gathers and distributes passengers across the globe through key locations in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul.

Delta generated just over $47 billion in revenue during 2019 and operated a mainline fleet of almost 900 aircraft.

Delta Air Lines shares were trading down 2.27% at $26.21 on Tuesday. The stock has a 52-week high of $63.44 and a 52-week low of $17.51.


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