Originally Posted by
DAL73n
I posted this before the TA was announced was how would Wall Street view this contract. Well, so far the vote is Stock Market (DJIA) in the two weeks since the TA was announced - DOWN 3.0%. DAL stock - UP 7.2%. Food for thought.
I agree with your premise but think there's a more accurate comparison to use, and that would be the airline industry rather than the whole market. The TA was publicly announced 5/15/2012.
On 5/14/2012 DAL stock closed at $11.43 per share. The XAL airline index closed at $38.21. On 6/1 DAL stock closed at $11.51 per share, a gain of 8 cents or +0.7% over the 5/14 close. The XAL index closed at $37.35, a loss of $0.86 or -2.3%. With a few exceptions Delta has been trading above XAL since the end of March.