These two stocks seem to be excellent value and have been sold off unfairly due to near-term earnings headwinds.It's always interesting to monitor stocks to buy during earnings season if the market overreacts to any negative news. With that in mind, I think Delta Air Lines (DAL 1.52%) and Hexcel Corporation (HXL 2.28%) are worth a look. Both stocks were sold off recently, and I think the market is treating them a little too harshly. Here's why.Delta Air Lines and market cyclicalitySupply and demand set pric ...

Delta could take a $500 million hit to its bottom line this quarter because of the global Crowdstrike outage last week, according to a Wall Street analyst.Stephen Trent, a Citi Research airline analyst, cut his profit forecast for the Atlanta-based airline’s third quarter by more than $500 million because of the meltdown, which has continued to spark flight delays and cancelations this week.Citigroup cut estimates for Delta’s third-quarter earnings per share by 60 cents a share to $1.37 a share, citing “ope ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A Delta Air Lines plane leaves the gate on July 12, 2021, at Logan International Airport in Boston. U.S. airline regulators have opened an investigation into Delta Air Lines, which is still struggling to restore operations on Tuesday, July 23, 2024, more than four full days after a faulty software update caused technological hav ...

Key TakeawaysThe U.S. Department of Transportation has opened an investigation into Delta Air Lines' stretch of cancellations and delays since last Friday's global tech outage.Delta has been the most heavily impacted of the major airlines, canceling hundreds of flights Tuesday while competitors United and American Airlines were canceling far fewer.Transportation Secretary Pete Buttigieg said Tuesday that the agency is investigating whether Delta has adequately protected its customers during the cancellation ...

The Transportation Department said on Tuesday it is opening an investigation into Delta Air Lines after the carrier canceled more than 5,000 flights since Friday as it struggles to recover from a global cyber outage that snarled airlines worldwide.While other carriers have been able to resume normal operations, Delta has continued to cancel hundreds of flights daily.Since Friday Delta has been canceling 30% or more of its flights daily through Monday, axing 444 flights on Tuesday, or 12% of its schedule as ...

The US transportation department said on Tuesday it was opening an investigation into Delta Air Lines after the carrier canceled more than 5,000 flights since Friday as it struggles to recover from a global cyber outage that snarled airlines worldwide.While other carriers have been able to resume normal operations, Delta has continued to cancel hundreds of flights daily of a crew scheduling system.Since Friday Delta has been cancelling 30% or more of its flights daily through Monday, axing 444 flights on Tu ...

Delta Airlines passengers line up for agent assistance at Hartsfield-Jackson Atlanta International Airport on July 22, 2024 in Atlanta, Georgia.The U.S. Department of Transportation's Office of Aviation Consumer Protection is investigating Delta Air Lines over chaos sparked by last week's global IT outage, according to a statement.The DOT cited widespread flight disruptions and customer service failures in which Delta did not uphold commitments to its passengers, it said. The agency also said the investigat ...

Delta Air Lines canceled more than 700 flights on Monday, as the air carrier continued to struggle to restore operations after last week’s global cyber outage, even as other airlines were recovering from the incident.About 19% of Delta’s flights had been canceled Monday, according to data from FlightAware, out of roughly 1,300 flights to or from the US overall, the website said.The issue has stranded thousands of Delta travelers across the US, with some having to rent cars to drive hundreds of miles while o ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA mass IT outage connected to a flawed update issued by CrowdStrike, a cybersecurity firm based in Austin, ...

Key TakeawaysMore Delta flights were canceled into Monday morning, as the airline continued to grapple with the effects of last week's global tech outage.An update from cybersecurity company CrowdStrike impacted Microsoft systems across the globe Friday, disrupting a wide range of businesses from banking to air travel.Delta was more heavily impacted than many other airlines, having canceled 17% of its flights and delayed 5% so far Monday morning, far more than United and American. The air travel industry is ...