$DAL closed Friday at $65.70, down almost 7%. A few weeks ago it was hanging around the high $60s and even hit close to $75. So yeah… that drop feels quick.

The main issue right now is oil. Brent crude jumped to around $73 because of the Middle East tensions (US / Iran / Israel stuff). When oil goes up, jet fuel gets more expensive. And when jet fuel gets more expensive, airline profits get squeezed. It’s not just Delta either $UAL and $AAL were down too.

Short term, this probably stays messy if oil keeps climbing.

Long term? Delta’s still above last year’s lows. If things calm down fast, this could bounce just as fast as it fell.

I don’t have some big macro take. Just feels like the market reacting to headlines and higher oil. Watching to see if this turns into a real trend or just a quick scare.