Delta sees an 'opportunistic' time for $1.3 billion stock buyback
Shares of Delta Air Lines Inc. DAL, +2.52% surged 2.2% in premarket trade Tuesday, after the air carrier said is taking out a $1 billion short-term loan to accelerate "opportunistic" stock repurchases in the current quarter. Delta affirmed its plan to return $2.5 billion to shareholders through share buybacks and dividends in 2019, with $1.3 billion in repurchases in the current quarter. Delta's stock has lost 2.2% year to date, while the NYSE Arca Airline Index XAL, +0.
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