Why Delta Air Lines Stock Is Climbing Friday Afternoon - Delta Air Lines (NYSE:DAL)

Why Delta Air Lines Stock Is Climbing Friday Afternoon - Delta Air Lines (NYSE:DAL)

Delta Air Lines Inc (NYSE:DAL) shares are trading higher Friday afternoon after Iran said the Strait of Hormuz would remain fully open to commercial vessels during the ceasefire, a development that triggered a sharp drop in oil prices and improved the cost outlook for airlines. Delta Air Lines shares are powering higher. What’s behind DAL gains? Oil Collapse Eases Delta's Cost Pressure WTI crude plunged more than 14% to about $81 a barrel, whil…