On Wednesday, Delta shares surged around 2:15 p.m. as results of the election began to become known. Between 2:10 p.m. and 2:50 p.m., the shares rose 5% to $14.44. Then they fell back, closing at $14.14, up just 2% for the day.
Late Thursday morning, Delta shares were trading at $13.89, down 30 cents, even though most airline shares were up modestly.Delta's union battles will likely continue. Hours after the results were announced, the Association of Flight Attendants charged that the carrier intimidated workers in violation of federal labor law and said it wants a re-run. The first step is to request an investigation by the National Mediation Board. Also, Delta's 16,500 fleet service agents will soon vote on whether to join International Association of Machinists.
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