Shares of Delta Air Lines Inc. DAL edged up 0.2% in premarket trading Friday, giving them a good shot at stretching their record win streak to 16 sessions, amid growing optimism over the summer travel season. On Thursday, the stock got a 0.7% boost from its announcement that it will start paying a dividend again, after suspending it in March 2020 as a result of the COVID pandemic. The stock has ascended 22.8% over the past 15 sessions to close Thursday at the highest price since May 4, 2022. The stock has set a record win streak every day since last Friday, when it broke the previous record of 10-straight gains set in October 2008. Among Delta’s peers, shares of American Airlines Group Inc. AAL rose 0.4% in the premarket toward a ninth-straight gain, which would be the longest since the 12-day stretch that ended Jan. 17, 2023; and United Airlines Holdings Inc.’s stock tacked on 0.1% ahead of the open to also head for a ninth-straight gain, which would be the longest win streak since the nine-day stretch that ended Dec. 7, 2011. Meanwhile, the U.S. Global Jets exchange-traded fund JETS rose 0.1% premarket, also toward a ninth-straight gain, while futures ES00 for the S&P 500 SPX ticked up 0.1% after the index rose for its sixth-straight session through Thursday.
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