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Delta Air Lines stock gains, on track to stretch its record win streak to 16 days

Clyde Edgerton by Clyde Edgerton
June 16, 2023
in Markets
Delta Air Lines stock gains, on track to stretch its record win streak to 16 days
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Shares of Delta Air Lines Inc.
DAL,
+1.64%
edged up 0.2% in premarket trading Friday, giving them a good shot at stretching their record win streak to 16 sessions, amid growing optimism over the summer travel season. On Thursday, the stock got a 0.7% boost from its announcement that it will start paying a dividend again, after suspending it in March 2020 as a result of the COVID pandemic. The stock has ascended 22.8% over the past 15 sessions to close Thursday at the highest price since May 4, 2022. The stock has set a record win streak every day since last Friday, when it broke the previous record of 10-straight gains set in October 2008. Among Delta’s peers, shares of American Airlines Group Inc.
AAL,
+0.36%
rose 0.4% in the premarket toward a ninth-straight gain, which would be the longest since the 12-day stretch that ended Jan. 17, 2023; and United Airlines Holdings Inc.’s stock tacked on 0.1% ahead of the open to also head for a ninth-straight gain, which would be the longest win streak since the nine-day stretch that ended Dec. 7, 2011. Meanwhile, the U.S. Global Jets exchange-traded fund
JETS,
+0.88%
rose 0.1% premarket, also toward a ninth-straight gain, while futures
ES00,
+0.24%
for the S&P 500
SPX,
+1.22%
ticked up 0.1% after the index rose for its sixth-straight session through Thursday.



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