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Can These Two Airline Stocks Overcome Gravity And Fly Higher?

11 20 15
28.07.2022

Airlines as a group are hardly flying high, but stocks including American Airlines (NASDAQ: AAL) and Delta Air Lines (NYSE: DAL) are at least participating in this week's market rally.

If you're like me, and have been flying regularly in the past year, you may have experienced completely full flights and pricey tickets, suggesting higher airline revenue, but also cancellations and delays, which just angers and frustrates customers.

Both Delta and American posted earnings in July. Delta got a small amount of lift after the report, but American is trading slightly below where it closed following its results.

Delta earned $1.44 per share on revenue of $13.8 billion. Those were year-over-year increases of 235% and 94%, respectively.

Despite that yearly gain, Delta missed analysts' bottom-line estimates, but beat on the top line.

MarketBeat earnings........

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