Why sky-high oil prices haven't shaken Wall Street's confidence in Delta stock

Wall Street is sticking with Delta (DAL) stock, despite a lot of reasons to fly away from it. BofA analyst Andrew Didora slashed his EPS estimates for the airline sector on Wednesday, citing jet fuel prices nearly doubling in March due to the Iran war. "We see two scenarios emerging from the current situation: 1) fuel stays higher for longer which results in airlines with negative or low margins either shrinking meaningfully or considering alternatives or 2) a quicker than expected end to the conflict dr ...

Why sky-high oil prices haven't shaken Wall Street's confidence in Delta stock - Reportify