Why Shares of Delta Air Lines Are Higher Today
Shares of Delta Air Lines (NYSE: DAL) got a lift Tuesday following an analyst upgrade and comments from the airline's CEO concerning the health of the business and the need for furloughs. Delta shares traded up more than 5% early on Tuesday before giving some of those gains back as the day went on.
Airlines including Delta have been hit hard by the COVID-19 pandemic, with Delta CEO Ed Bastian saying in a memo to employees Tuesday that the airline is currently flying about 30% of the passengers it flew a year prior and is burning through about $750 million per month.
Image source: Delta Air Lines.
Source Fool.com