Delta Air will see a hit because of shutdown’s flight cancellations. Wall Street seems relieved.



Published:

Delta Air Lines Inc. on Wednesday said that U.S. government shutdown-related flight cancellations and a temporary knock on demand before Thanksgiving will cost the airline $200 million in the holiday quarter.

The news lifted Delta’s stock

DAL as well as shares of other U.S. airlines such as American Airlines Group Inc. AAL and United Airlines Holdings Inc. UAL, with the sector outperforming the broader equity markets and the S&P 500 index. SPX


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