BlackRock acquired 44.1M Delta Air Lines shares worth $3.51B. That's 0.05% of their equity portfolio (288th largest holding). The investor owns 6.47% of the outstanding Delta Air Lines stock. The first Delta Air Lines trade was made in Q4 2020. Since then BlackRock bought shares nine more times and sold shares on eight occasions. The stake costed the investor $1.7B, netting the investor a gain of 106% so far.
The Dow is in correction territory. Oil has surged past $110 a barrel.
Revenue: $14.2 billion, a first-quarter record, up 9.4% year-over-year.Earnings Per Share (EPS): $0.64, within initial guidance range.Pretax Profit: $530 milli
Delta Air Lines (DAL, Financials) is cutting back on its goals for growth since jet fuel prices have gone up sharply. This shows that airline margins are under
Flying is about to get pricier for some travelers as Delta and Southwest hike checked baggage fees to $45 for the first bag amid surging jet fuel costs.