Airline Stocks Sharply Lower After Delta’s Q2 Results

Airline stocks are seeing considerable weakness in late morning trading on Monday, as a disappointing miss on the second quarter revenue by sector stalwart Delta Air Lines (DAL) is prompting significant downside.

The weakness in airline sector is reflected by the 4.5 percent loss currently being shown by the NYSE Arca Airline Index. With the loss, the index is falling back towards six-week closing low set earlier this month.