Airline stocks drop as Hamas' attack of Israel hurts travel plans

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Delta Air Lines says ‘security situation’ in Israel may affect travel to, from and through the area

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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