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Delta Air’s Must-Hold Support Level After Earnings Miss

Delta Air Lines  (DAL) – Get Report shares are under pressure, down about 2% after the Atlanta carrier reported its quarterly results.

That is actually decent price action for the stock, considering what the company turned in.

Revenue plunged 76% in the third quarter and Delta reported a loss of $8.47 a share. That was only marginally better than the prior quarter.

The company posted an adjusted loss of $2.3 billion, “although that figure excluded around $4 billion of charges linked to the pandemic.” 

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