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However, the stock has retreated 10.6% over the past three months and 6.2% over the past month to close yesterday’s trading session at $41.67.
DAL’s business travel and international travel segments, which are more profitable, higher-margin businesses, continue to be impacted by the spread of the coronavirus Delta variant. Furthermore, many investors are worried about the possibility of business travel failing to return to pre-pandemic levels with advancing technology facilitating improved remote work arrangements. There has also been a tempering in hedge fund sentiment toward the stock lately. So, its near-term prospects look uncertain.
