DAL is trading at $62.14 (-5.42%) in pre-market, extending Friday's -6.82% drop to $65.70 as escalating geopolitical tensions drive a sharp increase in projected fuel costs.
- Crude oil prices surged 9-10% to the $73-82/bbl range following US-Israel strikes on Iran and the reported closure of the Strait of Hormuz.
- The decline aligns with a broader market selloff, with S&P 500 futures down 1.36% as investors react to the heightened risk of regional instability.
- No company-specific news was reported today; a widebody jet order announced on March 1 is not considered a factor in the current price movement.