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With a market cap of $28.9 billion, Delta Air Lines, Inc. (DAL) is a major U.S. airline that provides scheduled air transportation for passengers and cargo both domestically and internationally. The company operates through two segments, Airline and Refinery, with its airline segment generating the majority of revenues, while its refinery division supports the airline with jet fuel production and third-party agreements.
Shares of the Atlanta, Georgia-based company have lagged behind the broader market over the past 52 weeks. DAL has declined 11.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 10.2%. Moreover, shares of Delta Air Lines are down 24.2% on a YTD basis, compared to SPX’s nearly 4% dip.