Does Delta's Earnings Miss Mean Investors Got Too Enthusiastic About Airline Stocks?

Shares of Delta Air Lines Inc. may have reached their cruising altitude for now.The Atlanta-based carrier got investors excited last week when it said revenue from each seat flown a mile jumped 2.5 percent, another big boost following May's 3.5 percent increase. The stock had soared 22 percent since the beginning of May.But Thursday's second-quarter results show that investors were too optimistic. It's a positive development that airlines such as Delta have been able to keep raising flight fares, even amid a flood of negative headlines about travelers being treated poorly.   Continue reading...

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