Airline company Delta Air Lines, Inc. (DAL) has gained significant momentum prior to the release of its December quarter and full-year 2023 results on January 12. The stock closed its last trading session at $41.63, higher than its 50-day moving average of $37.30 and 200-day moving average of $38.69.
Robust summer travel last year led to an increase in airline profits, with transatlantic travel demand surging. In the third quarter (ended September 30), DAL’s adjusted EPS of $2.03 topped the estimated figure of $1.95.
