Delta Air Lines Inc (NYSE:DAL) and United Airlines Holdings Inc (NASDAQ:UAL) shares are lower today, as Winter Storm Hernando blasts the East Coast with strong winds and snow. Per FlightAware, more than 5,800 flights were canceled on Monday, and roughly 12,570 were delayed. A spike in oil prices and the Supreme Court's tariff ruling could also be playing a role in today's losses.
DAL was last seen down 4% to trade at $66.63, pacing for its worst single-day percentage loss since April. A floor at the $65 level looks poised to contain today's losses, after serving as support in December and January. Though shares are taking a breather from their Feb. 11, record high of $76.39 and carry a 3.7% deficit for 2025, they have added 39.4% over the last nine months.
UAL is 4.9% lower to trade at $107.54 at last check, testing support at its 80-day moving average. Despite several attempts earlier this month, the equity is yet to topple its Jan. 7, all-time peak of $119.21. Longer term, United Airlines stock sports a 44.3% nine-month lead.
DAL and UAL options are affordably priced, making now an ideal time to weigh in with options. The former's Schaeffer’s Volatility Index (SVI) stands in the 15th percentile of annual reading, while the latter's SVI sits in the 13th percentile.
