With the main market seeing somewhat significant declines, the airline stocks were especially weak. Delta (DAL) and United Continental (UAL) settled -2.8% and -3.4% respectively. Outlook is for a little lower...then climbing into September.
UAL , daily
Suffice to say... airlines are seeing some real chop lately, although they are still holding massive multi-year gains.
Another day or two lower...and then... UP - along with the broader market.
If sp'500 can break the 2000s in September, then DAL has a fair chance at the mid/upper 40s.
Both are great companies.. Delta being more stable - especially in terms of the stock price.. than UAL.