Delta Air Lines, Inc. (DAL) saw a slight decline in its stock price on November 26, 2024, closing at $64.14, down 0.54% from the previous close of $64.49. The stock opened at $64.86 and reached a high of $65.94 before dipping to a low of $63.98. Trading volume was notably low at 4,272,763 shares, just 47.53% of the average daily volume. The day's price movement was influenced by a U.S. Senate panel's announcement of a December hearing where Delta and other major airlines will testify about their use of "junk" fees, which have been criticized for increasing consumer costs without corresponding value. This news likely contributed to investor caution, as the hearing could lead to regulatory scrutiny and potential changes in airline fee structures.
Additionally, Delta is facing legal challenges as a judge ruled that the company, along with others, must face a pollution lawsuit from Washington state residents. The lawsuit alleges that flights from Seattle-Tacoma International Airport have contaminated nearby neighborhoods, raising health concerns. These developments, coupled with mixed social media sentiment regarding Delta's loyalty programs and customer service, may have added to the downward pressure on the stock.