$DAL
Added 2023-10-12 21:41:04 +0000 UTC$DAL has my attention again and reported earnings today that were a beat but guided slightly lower on their EPS, due to a further increase in fuel costs, I believe the cost of oil was increasing either way but I think the middle eastern tensions have now accelerated that, as refineries look to replenish used reserves now.....especially in the US.
What I like here is that the price held on the wedge trend line again at $34.60.
This has been a support line since the Covid low in early 2020.
So I will be watching to see how the price behaves on this level.
$DAL owns its own oil refineries that supply jet fuel to their aircrafts so they can absorb costs better than most airlines, so this may be why other airlines are suffering more than $DAL.
