Shares of airline companies were in broad decline Monday, with some falling to levels not seen in more than a decade in the wake of Hamas’ attack on Israel.
Meanwhile, crude oil futures CL.1, +4.30% jumped 4.6%, after falling 11.6% over a seven-session stretch through Friday.Delta Air Lines Inc.’s DAL, -5.55% stock took a 6.1% hit toward a five-month low, ahead of the air carrier’s third-quarter results due out later this week. In mid-September, Delta joined its peers by cutting its profit outlook, while raising its estimate for fuel costs per gallon.
United Airlines Holdings Inc. shares UAL, -6.01% descended 5.6% toward a nine-month low, a little more than a week ahead of its third-quarter report.
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