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Delta Air Lines (DAL) Stock Drops as Crude Prices Increase

NEW YORK (TheStreet) -- Shares of Delta Air Lines (DAL - Get Report) are down by 3.9% to $45.12 in afternoon trading on Tuesday, as rising crude prices depress the airline sector.

Falling crude prices have helped airlines reap record profits over the past 12 months as overhead costs from jet fuel subsequently fell.

During crude's precipitous fall over the past year, airline stocks have generally suffered on the occasions that oil prices have rallied.

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Crude prices are rallying today as Russia has signaled that it is willing to work with industry leaders to reverse the slide in oil prices over the past year and a half.

Also lifting crude prices today is data from Genscape showing that inventories at the Cushing, OK storage hub fell by 150,000 barrels last week, according to CNBC.

Industry standard...


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