DAL
Delta Air Lines
October 9, 2026 · pre-market
- Rarity
- 1.28
- Peak move
- −3.68%
- Float cap
- $53.4B
Delta Air Lines is a major U.S. airline that provides scheduled air transportation for passengers and cargo, flying to over 1,000 destinations worldwide from hubs in Atlanta, Detroit, Minneapolis-St. Paul, New York, Salt Lake City, Seattle and Los Angeles. It sells tickets to leisure and corporate travelers, and increasingly earns high-margin revenue from premium cabins, its SkyMiles loyalty program and its co-branded American Express credit card. A refinery segment supplies jet fuel to its own operations.
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What we found
22 events · 0 from SEC or newswire · 0 timed with the moveexecutive_remarkDelta CEO Ed Bastian said demand remains strong and Delta is navigating an elevated fuel environment, and dismissed Elon Musk's criticism of its in-flight Wi-Fi choice over SpaceX's Starlink.
- Key event
commodity_eventJet fuel prices surged on the Iran war, with Delta's Q3 fuel expense up 62% to $4.1 billion and average fuel price up 60% to $3.61 a gallon, and Delta expects a $6 billion increase in its 2026 fuel bill.
- Key event
guidance_changeDelta Air Lines cut its full-year 2026 adjusted EPS guidance to $5.10-$5.60 from the $6.50-$7.50 range issued in July and trimmed its free cash flow target to about $2.5 billion from up to $4 billion, citing a roughly $6 billion increase in annual fuel costs; Q4 guidance was set at $1.15-$1.65 per share.
commodity_eventUS Gulf Coast jet fuel prices reached about $4.34 a gallon, nearly double the $2.19 of a year earlier, as the Iran war drove crude oil and refined jet fuel prices sharply higher.
earnings_releaseDelta Air Lines reported September quarter 2026 results with record September quarter revenue on demand strength and yield growth, GAAP operating revenue of $20.2 billion, net income of $756 million or $1.15 per share (down 47% year over year), adjusted EPS of $1.72 on adjusted revenue of $17.59 billion (up 16%), an adjusted operating margin of 9.4%, fuel expense up about 62-69%, and said it expects December quarter revenue to grow approximately 20 percent.
layoff_restructuringEasyJet said it will cut a further 700,000 seats (about 3,500 flights) from its winter schedule after its fuel costs nearly doubled due to the Iran conflict and Strait of Hormuz disruptions.
analyst_ratingBofA analyst Andrew Didora lowered his price target on Delta Air Lines to $95 from $100 while keeping a Buy rating, adjusting estimates ahead of the airline group's Q3 earnings.
peer_disclosureAmerican Airlines expanded SpaceX's Starlink in-flight Wi-Fi to its full mainline fleet of more than 1,000 aircraft from early 2027, leaving Delta as the only Big Three US airline without Starlink.
- Key event
commodity_eventBrent crude rose more than 5% to above $105 a barrel and WTI climbed about 5% to near $93 after reports President Trump was considering resuming large-scale military operations against Iran, with heating oil and diesel futures also rising.
analyst_ratingMorgan Stanley maintained a Buy rating and a $125 price target on Delta Air Lines, the highest target among covering analysts.
executive_remarkRyanair Group CEO Michael O'Leary warned that European airlines face more than another year of elevated fuel costs and higher fares due to the Iran war, with jet fuel prices about 50% above pre-conflict levels.
pricing_changeAir India Group and Akasa Air raised domestic and international fuel surcharges effective Oct 9, three days after IndiGo, as Indian ATF prices climbed 13.22% in October to ₹137 per litre.
analyst_ratingRaymond James raised its price target on Delta Air Lines to $100 from $98, published Oct 7, 2026.
analyst_ratingBernstein analyst David Vernon lowered his price target on Delta Air Lines to $100 from $106 while maintaining an Outperform rating, published Oct 7, 2026.
commodity_eventShell said its Q3 refining margin marker hit a record $42 a barrel versus $24 in Q2, with jet-fuel and diesel refineries damaged and US average diesel at $6.31 a gallon on Oct 7.
analyst_ratingSanford C. Bernstein on October 7, 2026 reiterated its Outperform rating on Delta Air Lines.
operational_disruptionA Delta Air Lines Airbus A350 operating Flight 7 to Tokyo Haneda clipped the horizontal stabilizer of Air Canada Flight 785, a Boeing 777, with its left wingtip while taxiing at Los Angeles International Airport around 10:30 a.m. local time on Oct 6; no injuries were reported among the 275 passengers and 15 crew, both aircraft were taken out of service, and the FAA opened an investigation.
analyst_ratingWells Fargo analyst Christian Wetherbee maintained an Overweight rating on Delta Air Lines while lowering the price target to $100 from $105 ahead of Q3 earnings; Susquehanna and TD Cowen also cut targets to $100 and $101.
commodity_eventBrent crude traded above $104 a barrel and jet fuel held near $4 a gallon on escalation near the Strait of Hormuz, with European jet fuel supply forecast to run a 510,000 b/d deficit in Q4 2026.
demand_signalUS airfares rose 23.4% year-over-year in August and holiday fares are sharply higher, with Thanksgiving round-trip tickets averaging $402 and Christmas fares up 23% to $452 as of Sept 24.
geopoliticalThe ongoing Iran war and Strait of Hormuz supply disruptions pushed Brent crude above $100 a barrel and sent jet fuel prices to multi-year highs, leading airlines including Ryanair and easyJet to trim winter capacity.
commodity_eventJet fuel and middle-distillate prices remain sharply elevated due to the Iran war and Strait of Hormuz disruptions, with IATA's global average jet fuel price at $185.43 a barrel and Europe forecast to run a 510,000 bpd jet fuel deficit in Q4 2026.