HomeMarket NewsSmall Caps The Turbulent Skies: Delta Air Lines' Q4 Results Send Shockwaves...

The Turbulent Skies: Delta Air Lines’ Q4 Results Send Shockwaves Through the Market

Actionable Trade Ideas

always free

delta air logo

U.S. stocks traded mostly lower, with the Dow Jones index falling around 150 points on Friday.

Shares of Delta Air Lines, Inc. DAL took a nosedive during Friday’s session after the company released its fourth-quarter financial results and issued guidance.

Delta Air reported a fourth-quarter FY23 operating revenue growth of 5.9% year-over-year to $14.22 billion and adjusted operating revenue of $13.66 billion (+11.1% Y/Y), exceeding the consensus of $13.52 billion. The adjusted EPS came in at $1.28, surpassing the consensus of $1.17.

Delta Air Lines shares plummeted 7.9% to $38.92 on Friday.

Several other big stocks also recorded losses in today’s session.

  • Nukkleus Inc. NUKK shares tumbled 22.4% to $1.6604.
  • Bitdeer Technologies Group BTDR fell 13.7% to $6.20.
  • TeraWulf Inc. WULF shares fell 12.2% to $1.68.
  • Hut 8 Corp. HUT dipped 11.2% to $9.98. Hut 8 unveiled a $65 million amended and restated credit facility with Coinbase.
  • Iris Energy Limited IREN fell 10.9% to $5.38.
  • Jin Medical International Ltd. ZJYL shares dropped 10.6% to $69.13.
  • Marathon Digital Holdings, Inc.MARA fell 10.3% to $20.08.
  • Cognyte Software Ltd. CGNT fell 8.6% to $5.87.
  • CleanSpark, Inc. CLSK declined 8.6% to $8.47.
  • United Airlines Holdings, Inc. UAL dropped 8.6% to $40.70 in sympathy with Delta, which stumbled after reporting quarterly results and issuing 2024 guidance.
  • American Airlines Group Inc. AAL tumbled 8% to $13.42 in sympathy with Delta, which slipped after reporting quarterly results and issuing 2024 guidance.
  • Riot Platforms, Inc. RIOT fell 7.7% to $12.09.
  • Wheels Up Experience Inc. UP fell 7.4% to $4.0550.
  • QuantumScape Corporation QS declined 7.3% to $7.51.
  • Grifols, S.A. GRFS shares declined 6.7% to $7.43 following a decrease of around 14% on Thursday.
  • Alaska Air Group, Inc. ALK fell 5.4% to $34.99.
  • Southwest Airlines Co. LUV dipped 5.1% to $28.32 in sympathy with Delta, which stumbled after reporting quarterly results and issuing 2024 guidance.
  • Bank of America Corporation BAC fell 1.6% to $32.60 following quarterly results.


Now Read This: US Stocks Higher; Producer Prices Fall In December/em>

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.