American Airlines Declined Nearly 17% Since US-Iran War Began: How Did United, Delta Fair?

U.S. flight operators like American Airlines Group Inc. (NASDAQ:AAL), Delta Air Lines Inc. (NYSE:DAL) and United Airlines Holdings Inc. (NASDAQ:UAL) recorded declines. American Airlines Declined 17% Since the war began, American Airlines declined 16.91% till Tuesday, according to Benzinga Pro Data. However, the stock managed to pick up 1.47% to $11.02 during Pre-market trading on Wednesday. On the other hand, United declined 12.33% since the war kicked off. United currently trades for $94.46, surging 1.6% during pre-market on Wednesday. Before the war, UAL was trading at $106. However, United began surging on Tuesday. Delta Airlines demonstrated the lowest decline, with 1.32% to $64.83 on Tuesday. However, Delta has almost recovered its decline, with the stock currently trading for $65.50 during pre-market on Wednesday. Delta was trading at $65.70 at market close before the war began. Delta CEO Shares $400 Million Charge, American Airlines Predicts Growth Delta CEO Ed Bastian shared that the ongoing U.S.-Iran war has resulted in over $400 million in additional charges for the airline due to surging jet fuel costs. The airline shared that its Q1 revenue growth would be in the high single digits. Delta’s revenue was also up 25% YoY. American Airlines, on the other hand, reported that it expects its first-quarter revenue to rise more than 10% YoY. American Airlines also reported that it expects its adjusted EPS loss to be in the lower end of its guidance of 10 cents to 50 cents per share. US-Iran War Leads To Oil Price Surge The war between the U.S. and Iran has entered its 19th day, with the war having a major impact on fuel costs across the globe throughout multiple sectors. However, President Donald Trump has signalled that there could be an imminent withdrawal from the conflict on the horizon. Trump’s top counterterrorism official, Joe Kent, recently resigned from his post in protest of the escalating tensions in the Middle East. Check out more of Benzinga's Future Of Mobility coverage by following this link. Photo courtesy: Markus Mainka / Shutterstock