Delta Air Lines (DAL) is experiencing a decline in its stock price today, potentially influenced by a combination of factors. One notable issue is the recent incident involving a Russian stowaway who managed to board a Delta flight from New York to Paris without a ticket. This security breach has raised concerns about the airline's security protocols and has led to an ongoing investigation by the Transportation Security Administration (TSA). The incident has attracted significant media attention, which may be contributing to investor apprehension.
Additionally, there are concerns about Delta's financial health, particularly its debt levels. Recent reports have highlighted that Delta Air Lines has substantial liabilities, with its total liabilities exceeding its cash and near-term receivables by $54.2 billion. This financial situation could be causing some investors to reassess their positions, especially in light of the company's ongoing need to manage its debt responsibly.
Delta Air Lines' stock is currently trading at $62.21, down 1.89% from its previous close of $63.41.