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Should You Scoop Up Shares of Delta Air Lines Under $35?

Closing yesterday’s trading session at $33.53, the stock has declined 17.1% in price over the past month, due mainly to concerns over the airline industry’s recovery with the emergence of the omicron variant, which could spell fresh travel restrictions.

As governments worldwide tighten international travel restrictions, investors fear a slowdown in future bookings and delays in the industry’s already sluggish recovery. This, along with DAL’s already poor profitability, might cause the stock to remain under pressure in the near term.

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