Delta Air Lines (DAL) Stock: Why Its Trending Today

By Amit Chowdhry ● Feb 28, 2022
  • The Delta Air Lines, Inc. (NYSE: DAL) stock is trending today. This is why.

The Delta Air Lines, Inc. (NYSE: DAL) stock is trending today. And the company stock price fell by over 2.9% during intraday trading.

From a broader perspective, many travel stocks have been seeing a drop today due to fears around Russia’s invasion of Ukraine. But Delta also withdrew its codeshare services with Aeroflot, which is Russia’s national airline. Codesharing is an agreement that enables an airline to market and sell seats on a flight that is operated by another carrier while each airline uses their own flight number.

“We have removed our code from Aeroflot-operated services beyond Moscow’s Sheremetyevo Airport and removed Aeroflot’s code from Delta-operated services from Los Angeles and New York-JFK,” said Delta in a statement.

Currently, Delta does not operate services to Ukraine or Russia.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.