Delta Air Lines shares
Investment Thesis
DAL faces a perfect storm of operational headwinds with jet fuel costs doubling from $2 to over $4 per gallon amid the Iran crisis, while the airline has zero fuel hedging protection. With fuel representing up to 30% of operating costs and already maintaining the highest cost-per-seat-mile in North America, margin compression is inevitable. The current -17.7% monthly decline is accelerating as the oil crisis intensifies, with technical resistance at $60-61 confirmed across multiple failed rally attempts.
Why It May Work
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