Delta Predicts $2 Billion Fuel Hit; Exxon Sees 6% of Its Worldwide Output Shut; Travel Stocks Rise
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Delta Air Lines (DAL) expects to incur more than $2 billion in higher fuel costs through June because of the Iran war, prompting the carrier to tread carefully and stick to its previous full-year profit forecast.“We’re not updating it in light of the uncertainty, so I think it’d be imprudent to make any estimate at this point,” Delta Chief Executive Officer Ed Bastian said.- Exxon Mobil (XOM) said 6% of its global first-quarter production was knocked out as the Iran war paralyzed…
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