Delta Air Lines Inc (DAL)

Delta Air Lines Shares Rise After Earnings Beat and Upbeat Full-Year Outlook (DAL)July 10, 2026 10:08 AM
IH Market News Delta Air Lines (NYSE:DAL) shares moved higher in premarket trading on Friday after the airline reported second-quarter results that exceeded Wall Street expectations and reaffirmed guidance that remains well ahead of analyst forecasts. The carrier posted adjusted earnings of $1.56 per share for the second quarter, surpassing the consensus estimate of $1.53. Revenue reached $17.7 billion, ahead of expectations of $17.47 billion. Delta also maintained its full-year adjusted earnings per share forecast of $6.50 to $7.50, comfortably above the analyst consensus of $5.97. During the quarter, Delta generated $1.4 billion in pre-tax profit despite what the company described as the highest quarterly fuel bill in its history. Revenue increased 14% year-over-year from $15.5 billion in the second quarter of 2025, supported by solid demand across its customer base. Shares climbed 3.4% following the results as investors welcomed the earnings beat and reaffirmed outlook. “Delta’s brand and industry position are stronger than ever,” said Ed Bastian, Delta’s chief executive officer. “We delivered $1.4 billion in pre-tax profit while absorbing the highest quarterly fuel expense in our history, reflecting broad demand strength, growing brand preference and momentum across our diversified revenue base.” Looking ahead, Delta expects third-quarter revenue to increase by the mid-teens year-over-year, with an operating margin of between 11% and 13% and adjusted earnings per share in the range of $2.00 to $2.50. The midpoint of that earnings forecast stands above current market expectations. The airline also reaffirmed its full-year free cash flow guidance of $3 billion to $4 billion. Premium travel continued to drive growth, with premium revenue rising 17% year-over-year, while loyalty and related revenue increased 19%. American Express remuneration climbed 16% to $2.4 billion. Delta’s adjusted operating margin came in at 8.8%, down from 13.3% a year earlier, primarily reflecting a 75% increase in adjusted fuel prices to $3.93 per gallon. The company also strengthened its balance sheet by reducing adjusted net debt by $709 million from the end of 2025 to $13.6 billion. In addition, Delta announced a 15% increase in its dividend, effective from the third quarter. Delta Airlines stock priceThe post Delta Air Lines Shares Rise After Earnings Beat and Upbeat Full-Year Outlook (DAL) appeared first on US Editors. Original: Delta Air Lines Shares Rise After Earnings Beat and Upbeat Full-Year Outlook (DAL)

Delta Air Lines Announces June Quarter 2026 Financial ResultsJuly 10, 2026 6:30 AM
PR Newswire (US) June quarter earnings topped guidance on broad demand strength and strong execution, generating a double-digit return on invested capitalExpect continued momentum in September quarter with mid-teens revenue growth and double-digit margin Affirming full-year guidance for adjusted EPS of $6.50 to $7.50 and free cash flow of $3 to $4 billionFurther strengthened investment grade balance sheet through debt paydown, and announced a 15 percent increase to dividend payment beginning in September quarterATLANTA, July 10, 2026 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the June quarter and provided its outlook for the September quarter and full year 2026. Highlights of the June quarter, including both GAAP and adjusted metrics, are on page five and incorporated here. "Today, we reported our June quarter results, and it is clear that Delta's brand and industry position are stronger than ever. We delivered $1.4 billion in pre-tax profit while absorbing the highest quarterly fuel expense in our history, reflecting broad demand strength, growing brand preference and momentum across our diversified revenue base. This industry-leading performance is powered by the best people in the business," said Ed Bastian, Delta's chief executive officer."Delta is executing from a position of strength, and we expect momentum to carry into the second half with double-digit margins and a return to earnings growth. For the full year, we are affirming the guidance we set at the start of the year to grow earnings by 20 percent, overcoming a multi-billion dollar fuel headwind. This reinforces Delta's durability while positioning us to continue our momentum into 2027."June Quarter 2026 GAAP Financial ResultsOperating revenue of $19.8 billionOperating income of $1.9 billion with an operating margin of 9.4 percentPre-tax income of $2.0 billion with a pre-tax margin of 10.2 percentEarnings per share of $2.44Operating cash flow of $1.6 billionJune Quarter 2026 Non-GAAP Financial ResultsOperating revenue of $17.7 billionOperating income of $1.6 billion with an operating margin of 8.8 percentPre-tax income of $1.4 billion with a pre-tax margin of 7.7 percentEarnings per share of $1.56Operating cash flow of $1.7 billionFinancial Guidance1
FY 2026Earnings Per Share$6.50 - $7.50Free Cash Flow ($B)$3 - $4Gross Leverage2Approx. 2x


3Q26Total Revenue YoY (%)Up Mid-TeensOperating Margin11% - 13%Earnings Per Share$2.00 - $2.50
Guidance for the September quarter assumes fuel at the forward curve as of July 2, 2026, and includes a refinery benefit of 5-cents per gallon. This results in a projected all-in fuel price for the quarter of approximately $3.15 per gallon.Revenue Environment and Outlook"Revenue grew 14 percent in the June quarter, at the high end of our expectations, increasing more than $2 billion over last year on broad demand strength," said Joe Esposito, Delta's chief commercial officer."With continued momentum across customer segments and diverse revenue streams, we are confident in the sustainability of yield and revenue strength. For the September quarter, we expect revenue to grow mid-teens over prior year on modest capacity growth, with unit revenue growth improving sequentially. While still early, current trends provide a constructive setup for this strength to extend into the December quarter."Record June quarter revenue reflects broad demand strength and growing brand preference: June quarter total revenue increased 14 percent over the same period last year to a record $17.7 billion on approximately 1 percent capacity growth. Adjusted total unit revenue (TRASM) grew 12.4 percent over prior year. Main cabin unit revenue grew double-digits, marking the second consecutive quarter of positive main cabin growth. Domestic unit revenue grew 12 percent year-over-year and international unit revenue increased 8 percent, led by Latin.Diversified, high-margin revenue streams continue to differentiate Delta's performance: Diverse revenue streams accounted for 61 percent of total revenue, up 2 points versus the same period last year. Premium revenue grew 17 percent year-over-year on yield strength and continued investment in premium seats. MRO revenue growth of 32 percent was primarily on legacy engine platforms. Cargo revenue increased 39 percent, driven largely by volume.Loyalty momentum powered by growing member engagement across ecosystem: Loyalty and related revenue grew 19 percent, with SkyMiles member engagement continuing to expand beyond air travel within the partner ecosystem. American Express remuneration of $2.4 billion grew 16 percent over last year, supported by accelerating card acquisitions and the seventh consecutive quarter of double-digit year-over-year growth in cardholder spend. Travel products and non-air partnership revenue increased nearly 20 percent over prior year.Corporate sales3 grew double-digits in all sectors: Corporate sales accelerated in the June quarter, led by Aerospace & Defense, Banking, and Automotive, with strong performance in coastal and core hubs. Sustained strength in premium product demand drove a more than 25 percent increase in premium corporate sales, benefiting from recent investments in Delta Comfort and Delta Premium Select. 



1 Non-GAAP measures; Refer to Non-GAAP reconciliations for historical comparison figures2 Adjusted debt to EBITDAR3 Corporate travel sales represent the revenue from tickets sold to corporate contracted customers, including tickets for travel during and beyond the referenced time periodCost Performance and Outlook"Delta delivered June quarter results above guidance, with an operating margin of 8.8 percent and earnings of $1.56 per share. In the September quarter, we expect earnings per share to grow over prior year to $2.00 to $2.50 on an operating margin of 11 to 13 percent," said Erik Snell, Delta's chief financial officer. "Non-fuel unit cost performance is expected to improve modestly from the June quarter with further progression in the December quarter as capacity growth begins to normalize. This puts us back on a path toward our long-term framework of low-single-digit non-fuel unit cost growth."June Quarter 2026 Cost PerformanceOperating expense of $17.9 billion and adjusted operating expense of $16.1 billionAdjusted non-fuel costs of $11.1 billionNon-fuel CASM was 14.09¢, an increase of 6.8 percent year-over-yearAdjusted fuel expense of $4.4 billion was up 77 percent year-over-yearAdjusted fuel price of $3.93 per gallon increased 75 percent year-over-year with a refinery benefit of 11¢ per gallon inclusive of a 5¢ discrete impact from a temporary refinery outageFuel efficiency, defined as gallons per 1,000 ASMs, was 14.3Balance Sheet, Cash and Liquidity"Through the first half, we generated $4.1 billion of operating cash flow and delivered $1.4 billion of free cash flow. The durability of our cash generation enables us to consistently reinvest in the business, strengthen our balance sheet and grow shareholder returns. Debt reduction remains a top priority, and we expect to reach gross leverage of approximately 2x by year-end," Snell said.Adjusted net debt of $13.6 billion at June quarter end, a reduction of $709 million from the end of 2025Payments on debt and finance lease obligations for the June quarter of $536 millionWeighted average interest rate of 4.9 percent with 78 percent fixed rate debt and 22 percent variable rate debtAdjusted operating cash flow in the June quarter of $1.7 billion, and with gross capital expenditures of $1.4 billion, free cash flow was $209 millionAir Traffic Liability ended the quarter at $10.0 billionLiquidity4 of $7.7 billion at quarter-end, including $3.1 billion in undrawn revolver capacity 



4 Includes cash and cash equivalents, short-term investments and undrawn revolving credit facilitiesJune Quarter 2026 HighlightsOperations, Network and FleetLed all carriers5 in on-time arrival and departure performance for the quarter and set an all-time6 Delta record for domestic mishandled baggage rate (MBR).Implemented proprietary Baggage AI technology in Atlanta which has driven improvement in Atlanta's year-to-date MBR by over 25 percent versus last year's strong baseline, with June improving 50 percent.Took delivery of 11 aircraft in the June quarter, including A350-900, A321neo, and A220-300 aircraft.Launched daily non-stop service from Los Angeles to Hong Kong and Chicago O'Hare, adding connectivity to key business markets from Los Angeles.Launched service to Porto, Malta, and Sardinia while adding service to Madrid, Nice, Rome, and Barcelona.Grew MRO presence and partnership portfolio with IndiGo (CFM56 engines) & LATAM (A320 components).Culture and PeopleContinued to invest in the Delta people with a 4 percent pay raise for eligible employees worldwide.Accrued nearly $500 million in profit sharing year-to-date towards next February's payout.Named to Points of Light's Civic 50 list for the ninth year in a row, the only commercial airline recognized among companies noted for their corporate social responsibility and civic engagement.Transported more than two dozen WWII veterans from Atlanta to Normandy, France to participate in D-Day remembrance ceremonies, honoring the 82nd anniversary of the Allied landings.Ranked No. 1 in Talent Readiness among the Wall Street Journal Leadership Institute's Best Companies for the Future index.Recognized as the No. 1 corporate blood drive sponsor with the American Red Cross for the ninth consecutive year with 15,911 units of blood collected at 392 blood drives in the last 12 months.Customer Experience and LoyaltyRanked No. 1 best U.S. airline for eighth consecutive year by The Points Guy.Unveiled Delta's next-generation Delta One suite for the A350-1000 fleet and announced an expanded suite offering for the A330ceo fleet, extending Delta's lead with the most business class suites of any U.S. airline.Enhanced Delta - American Express co-brand card portfolio with new travel benefits including a Delta exclusive benefit allowing card Members to check a second bag free on domestic Delta flights with no increase to the annual fee.Over 95 percent of aircraft are already equipped with fast, free Wi-Fi for SkyMiles members, and will reach 100 percent by year-end. New satellite upgrades are also coming online soon to deliver faster speeds and broader global coverage.Expanded Delta Sync partnerships, including new collaborations with The Wall Street Journal and Fox ONE to further enhance the onboard experience.Enhanced the partnership with T-Mobile, now offering T-Mobile customers who link their SkyMiles membership a complimentary premium beverage on board.Relaunched and expanded the decade-long partnership with Airbnb allowing SkyMiles members to earn miles on where they stay and on experiences once they arrive.Continued Delta Concierge rollout to over 50 percent of SkyMiles members, offering expanded self-service and messaging during travel through an AI-enabled digital assistant in the Fly Delta app.Opened a second Delta One Lounge at LAX, growing system to five Delta One Lounges and 55 Sky Clubs.Environmental SustainabilityIssued the 2025 Delta Difference Report, highlighting Delta's continued commitment to a sustainable future.Began installation of innovative finlet aerodynamic devices on 737 fleet reducing emissions and fuel burn. 



5 FlightStats preliminary data for Delta flights system wide. All carriers is defined as competitive set (AA, AS, B6, DL, UA, and WN) from Apr 1 - Jun 30, 2026. On-time performance includes A0, and A14. Departure performance defined as D06 Excludes COVID yearsJune Quarter 2026 ResultsJune quarter results have been adjusted primarily for third-party refinery sales, gains/losses on investments and Monroe hedge results as described in the reconciliations in Note A.
GAAP$
Change%
Change($ in millions except per share and unit costs)2Q262Q25Operating income1,8642,102(238)(11) %Operating margin9.4 %12.6 % (3.2) pts(25) %Pre-tax income2,0092,574(565)(22) %Pre-tax margin10.2 %15.5 % (5.3) pts(34) %Net income1,6042,130(526)(25) %Diluted earnings per share2.443.27(0.83)(25) %Operating revenue19,75716,6483,10919 %Total revenue per available seat mile (TRASM) (cents)25.1121.443.6717 %Operating expense17,89314,5463,34723 %Cost per available seat mile (CASM) (cents)22.7418.734.0121 %Fuel expense4,1092,4581,65167 %Average fuel price per gallon3.662.211.4566 %Operating cash flow1,5961,856(260)(14) %Capital expenditures1,4581,20924921 %Total debt and finance lease obligations13,95215,056(1,104)(7) %

Adjusted$
Change%
Change($ in millions except per share and unit costs)2Q262Q25Operating income1,5632,064(501)(24) %Operating margin8.8 %13.3 % (4.5) pts(34) %Pre-tax income1,3591,820(461)(25) %Pre-tax margin7.7 %11.7 % (4.0) pts(34) %Net income1,0271,385(358)(26) %Diluted earnings per share1.562.12(0.56)(26) %Operating revenue17,66615,5072,15913.9 %TRASM (cents)22.4519.972.4812.4 %Operating expense16,10213,4432,65920 %Non-fuel cost711,09110,2478448 %Non-fuel unit cost (CASM-Ex) (cents)14.0913.200.896.8 %Fuel expense4,4102,4971,91377 %Average fuel price per gallon3.932.251.6875 %Operating cash flow1,6511,844(193)(10) %Free cash flow209733(524)(71) %Gross capital expenditures1,4421,16827423 %Adjusted net debt13,59116,316(2,725)(17) % 



7 Updated definition excludes aircraft fuel and related taxes, Third-party refinery sales, MRO expense, and profit sharingAbout Delta Air Lines Through exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.?Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by Cirium for being the top on-time airline in North America for the fifth consecutive year.We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us.Headquartered in Atlanta, Delta operates significant hubs and key markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon and Tokyo.As the leading global airline, Delta's mission to connect the world creates opportunities, fosters understanding and expands horizons by connecting people and communities to each other and to their own potential. A founding member of the SkyTeam alliance and powered by innovative and strategic partnerships throughout the world with Aeromexico, Air France-KLM, China Eastern, Korean Air, LATAM, Virgin Atlantic and WestJet, Delta brings more choice and competition to customers worldwide. Delta's premium product line is elevated by its unique partnership with Wheels Up Experience.Delta is America's most-awarded airline thanks to the dedication, passion and professionalism of its people. In addition to the award from Cirium, Delta has been recognized as the World's Most Admired Airline and one of the Best 100 Companies to Work For according to Fortune; the top carrier for business travelers by Business Travel News; and best U.S. airline by Forbes Travel Guide's Verified Air Travel Awards. In addition, Delta has been named to the Civic 50 by Points of Light as one of the most community minded companies in the U.S.Forward Looking Statements
Statements made in this press release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered "forward-looking statements" under the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements are not guarantees or promised outcomes and should not be construed as such. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments and strategies reflected in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the possible effects of serious accidents involving our aircraft or aircraft of our airline partners; breaches or lapses in the security of technology systems we use and rely on, which could compromise the data stored within them, as well as failure to comply with evolving global privacy and security regulatory obligations or adequately address increasing customer focus on privacy issues and data security; disruptions in our information technology infrastructure; failure of the technology we use or depend on to perform effectively, including new and emerging technologies; increases in the price of aircraft fuel; extended disruptions in the supply of aircraft fuel, including from Monroe Energy, LLC ("Monroe"), our wholly-owned subsidiary that operates the Trainer refinery; failure to achieve expected results or returns from our commercial relationships with airlines in other parts of the world and the investments we have in certain of those airlines; the effects of a significant disruption in the operations or performance of third parties on which we rely; failure to comply with the financial or other covenants in our financing agreements; labor-related disruptions; the effects on our business of seasonality and other factors beyond our control, such as changes in value in our equity investments, severe weather conditions, natural disasters or other environmental events, including from the impact of climate change; failure or inability of insurance to cover a significant liability at Monroe's refinery; failure to comply with existing and future environmental regulations to which Monroe's refinery operations are subject, including those relating to the discharge of materials into the environment, waste management, pollution prevention measures and greenhouse gas emissions; significant damage to our reputation and brand, including from exposure to significant adverse publicity or inability to achieve certain sustainability goals; our ability to retain senior management and other key employees, and to maintain our company culture; disease outbreaks or other public health threats, and measures implemented to combat them; the effects of terrorist attacks, geopolitical conflict or security events; competitive conditions in the airline industry; extended interruptions or disruptions in service at major airports where we operate; significant problems associated with types of aircraft or engines we operate; the effects of extensive regulatory and legal compliance requirements we are subject to; the impact of laws and regulations governing environmental protection, including but not limited to regulation of hazardous substances, increased regulation to reduce emissions and other risks associated with climate change, and the cost of compliance with more stringent environmental regulations; and unfavorable economic or political conditions in the markets in which we operate or volatility in currency exchange rates.Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in our Securities and Exchange Commission (SEC) filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other filings filed with the SEC from time to time. Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of the date of this press release, and which we undertake no obligation to update except to the extent required by law.DELTA AIR LINES, INCConsolidated Statements of Operations(Unaudited)










Three Months Ended


Six Months Ended


June 30,


June 30,

(in millions, except per share data)20262025$ Change% Change
20262025$ Change% ChangeOperating Revenue:








Passenger$    15,607$    13,867$     1,74013 %
$    27,909$    25,347$     2,56210 %Cargo2942128239 %
52142110024 %Other3,8562,5691,28750 %
7,1814,9202,26146 %Total operating revenue19,75716,6483,10919 %
35,61130,6884,92316 %









Operating Expense:








Salaries and related costs4,7624,4023608 %
9,3028,48581710 %Aircraft fuel and related taxes4,1092,4581,65167 %
6,8514,8691,98241 %Refinery expense2,0911,14195083 %
3,7452,2031,54270 %Contracted services1,2631,1551089 %
2,4522,2761768 %Landing fees and other rents97887810011 %
1,8911,7291629 %Aircraft maintenance materials and outside repairs6895919817 %
1,3971,23716013 %Regional carrier expense673651223 %
1,3221,264585 %Passenger commissions and other selling expenses726673538 %
1,3161,224928 %Depreciation and amortization656602549 %
1,2911,209827 %Passenger service48948271 %
91891261 %MRO expense2732294419 %
60136923263 %Profit sharing328470(142)(30) %
493594(101)(17) %Aircraft rent1681373123 %
3112743714 %Other688677112 %
1,3561,372(16)(1) %Total operating expense17,89314,5463,34723 %
33,24628,0175,22919 %









Operating Income1,8642,102(238)(11) %
2,3652,671(306)(11) %









Non-Operating Income/(Expense):








Interest expense, net(144)(172)28(16) %
(296)(350)54(15) %Gain/(loss) on investments, net349735(386)(53) %
(202)696(898)NMLoss on extinguishment of debt(1)(20)19(95) %
(5)(20)15(75) %Miscellaneous, net(59)(71)12(17) %
(68)(102)34(33) %Total non-operating income/(expense), net145472(327)(69) %
(571)224(795)NM









Income Before Income Taxes2,0092,574(565)(22) %
1,7942,895(1,101)(38) %









Income Tax Provision(405)(444)39(9) %
(479)(525)46(9) %









Net Income$     1,604$     2,130$      (526)(25) %
$     1,315$     2,370$    (1,055)(45) %









Basic Earnings Per Share$      2.45$      3.28


$      2.01$      3.66

Diluted Earnings Per Share$      2.44$      3.27


$      2.00$      3.63











Basic Weighted Average Shares Outstanding654649


653647

Diluted Weighted Average Shares Outstanding658652


657652

















 DELTA AIR LINES, INCPassenger Revenue(Unaudited)









Three Months Ended

Six Months Ended


June 30,

June 30,

(in millions)20262025$ Change% Change
20262025$ Change% ChangeTicket - Main cabin$    6,851$    6,347$      5048 %
$   12,256$   11,709$      5475 %Ticket - Premium products6,9205,8991,02117 %
12,28210,6051,67716 %Loyalty travel awards1,2471,09215514 %
2,2772,03324412 %Travel-related services5895296011 %
1,0941,000949 %Passenger revenue$   15,607$   13,867$    1,74013 %
$   27,909$   25,347$    2,56210 % DELTA AIR LINES, INCOther Revenue(Unaudited)









Three Months Ended


Six Months Ended


June 30,


June 30,

(in millions)20262025$ Change% Change
20262025$ Change% ChangeRefinery$    2,091$    1,141$      95083 %
$    3,745$    2,203$    1,54270 %Loyalty and related1,3441,12721719 %
2,5652,20935616 %MRO3152397632 %
69539030578 %Miscellaneous106624471 %
1761185849 %Other revenue$    3,856$    2,569$    1,28750 %
$    7,181$    4,920$    2,26146 % DELTA AIR LINES, INCTotal Revenue(Unaudited)














Increase (Decrease)



2Q26 vs 2Q25Revenue
2Q26 ($M)
Change
Unit Revenue
Yield
CapacityDomestic
$         10,673
15 %
12 %
13 %
2 %Atlantic
3,112
8 %
7 %
9 %
1 %Latin America
990
4 %
12 %
13 %
(7) %Pacific
832
15 %
7 %
7 %
8 %Passenger Revenue
$         15,607
13 %
11 %
12 %
1 %Cargo Revenue
294
39 %





Other Revenue
3,856
50 %





Total Revenue
$         19,757
19 %
17 %



       Third Party Refinery Sales
(2,091)







Total Revenue, adjusted (See Note A)
$         17,666
13.9 %
12.4 %



 DELTA AIR LINES, INC.Statistical Summary(Unaudited)

Three Months Ended


Six Months Ended


June 30,


June 30,


20262025Change
20262025ChangeRevenue passenger miles (millions)66,76766,4171%
123,236122,0951%Available seat miles (millions)78,69477,6451%
147,857146,0451%Passenger mile yield (cents)23.3820.8812%
22.6520.769%Passenger revenue per available seat mile (cents)19.8317.8611%
18.8817.369%Total revenue per available seat mile (cents)25.1121.4417%
24.0821.0115%TRASM, adjusted - see Note A (cents)22.4519.9712.4%
21.5519.5010%Cost per available seat mile (cents)22.7418.7321%
22.4819.1817%CASM-Ex  - see Note A (cents)14.0913.206.8%
14.5813.687%Passenger load factor84.8 %85.5 %(1)pt
83.3 %83.6 %—ptsFuel gallons consumed (millions)1,1221,1121%
2,1102,0881%Average price per fuel gallon$     3.66$     2.2166%
$      3.25$      2.3339%Average price per fuel gallon, adjusted - see Note A$     3.93$     2.2575%
$      3.32$      2.3442% DELTA AIR LINES, INCConsolidated Statements of Cash Flows(Unaudited)
Three Months Ended
June 30,(in millions)20262025Cash Flows From Operating Activities:

Net income$           1,604$           2,130Depreciation and amortization656602(Gain) loss on fair value investments(337)(731)Changes in air traffic liability(721)(1,129)Changes in profit sharing325469Changes in balance sheet and other, net69516     Net cash provided by operating activities1,5961,856


Cash Flows From Investing Activities:

Property and equipment additions:

Flight equipment, including advance payments(1,244)(996)Ground property and equipment, including technology(214)(213)Acquisition of strategic investments and related(51)—Other, net(3)10     Net cash used in investing activities(1,512)(1,199)


Cash Flows From Financing Activities:

Proceeds from long-term obligations1031,998Payments on debt and finance lease obligations(536)(2,941)Cash dividends(123)(97)Other, net10(29)     Net cash used in financing activities(546)(1,069)


Net Decrease in Cash, Cash Equivalents and Restricted Cash Equivalents(462)(412)Cash, cash equivalents and restricted cash equivalents at beginning of period5,2353,941Cash, cash equivalents and restricted cash equivalents at end of period$           4,773$           3,529


The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets to the total of the
same such amounts shown above:


Current assets:

     Cash and cash equivalents$           4,665$           3,331     Restricted cash included in prepaid expenses and other8696Other assets:

     Restricted cash included in other noncurrent assets22102Total cash, cash equivalents and restricted cash equivalents$           4,773$           3,529


 




DELTA AIR LINES, INCConsolidated Balance Sheets(Unaudited)






June 30,
December 31,(in millions)2026
2025ASSETSCurrent Assets:



Cash and cash equivalents$                4,665
$                4,310
Accounts receivable, net4,307
2,850
Fuel, expendable parts and supplies inventories, net2,558
1,601
Prepaid expenses and other2,706
2,207
     Total current assets14,236
10,968




Noncurrent Assets:



Property and equipment, net41,544
39,743
Operating lease right-of-use assets6,162
6,244
Goodwill9,753
9,753
Identifiable intangibles, net5,962
5,966
Equity investments4,041
4,222
Other noncurrent assets4,623
4,421
     Total noncurrent assets72,085
70,349Total assets$               86,321
$               81,317




LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:



Current maturities of debt and finance leases$                3,442
$                1,605
Current maturities of operating leases869
809
Air traffic liability10,020
7,157
Accounts payable6,738
5,226
Accrued salaries and related benefits3,935
4,906
Loyalty program deferred revenue5,243
4,876
Fuel card obligation1,100
1,100
Other accrued liabilities2,257
1,945
     Total current liabilities33,604
27,624




Noncurrent Liabilities:



Debt and finance leases10,510
12,507
Noncurrent operating leases5,163
5,353
Pension, postretirement and related benefits3,066
3,156
Loyalty program deferred revenue4,327
4,386
Deferred income taxes, net3,916
3,444
Other noncurrent liabilities3,920
3,994
     Total noncurrent liabilities30,902
32,840




Commitments and Contingencies







Stockholders' Equity:21,815
20,853Total liabilities and stockholders' equity$               86,321
$               81,317Note A: The following tables show reconciliations of non-GAAP financial measures. The reasons Delta uses these measures are described below. Reconciliations may not calculate exactly due to rounding.Delta sometimes uses information ("non-GAAP financial measures") that is derived from the Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. ("GAAP"). Under the Securities and Exchange Commission rules, non-GAAP financial measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. The tables below show reconciliations of non-GAAP financial measures used in this release to the most directly comparable GAAP financial measures.Forward Looking Projections. Delta is not able to reconcile forward looking non-GAAP financial measures without unreasonable effort because the adjusting items such as those used in the reconciliations below will not be known until the end of the period and could be significant.Adjustments. These reconciliations include certain adjustments to GAAP measures that are made to provide comparability between the reported periods, if applicable, and for the reasons indicated below:Third-party refinery sales. Refinery sales to third parties, and related expenses, are not related to our airline segment. Excluding these sales therefore provides a more meaningful comparison of our airline operations to the rest of the airline industry.MTM adjustments and settlements on hedges. Mark-to-market ("MTM") adjustments are defined as fair value changes recorded in periods other than the settlement period. MTM fair value changes are not necessarily indicative of the actual settlement value of the underlying hedge in the contract settlement period, and therefore we remove this impact to allow investors to better understand and analyze our core performance. Settlements represent cash received or paid on hedge contracts closed (i.e., settled) during the applicable period. With respect to hedges related to Monroe's inventory, settlements often occur before the related refinery inventory is sold. Beginning in 2026, settlement gains and losses related to Monroe's inventory that remains on-hand at period end are excluded from our adjusted results. These settlement gains and losses will be reflected in adjusted results during the period the inventory is sold. This change was made to match the timing of expense and revenue recognition and we have similarly adjusted the presentation of reconciliations for prior periods included here.MTM adjustments on investments. Unrealized MTM gains/losses result from our equity investments that are accounted for at fair value in non-operating expense. The gains/losses are driven by changes in stock prices, foreign currency fluctuations and other valuation techniques for investments in certain companies, particularly those without publicly-traded shares. Adjusting for these gains/losses allows investors to better understand and analyze our core operational performance in the periods shown.Loss on extinguishment of debt. This adjustment relates to early termination of a portion of our debt. Adjusting for these losses allows investors to better understand and analyze our core operational performance in the periods shown. Operating Revenue, adjusted and Total Revenue Per Available Seat Mile ("TRASM"), adjusted

Three Months Ended
2Q26 vs 2Q25
% Change2Q26 vs 2Q25
$ Change(in millions)June 30, 2026September 30, 2025June 30, 2025
Operating revenue$               19,757$             16,673$               16,648


Adjusted for:





Third-party refinery sales(2,091)(1,476)(1,141)


Operating revenue, adjusted$               17,666$             15,197$               15,507
14 %$2,159 
Three Months Ended
% Change
June 30, 2026September 30, 2025June 30, 2025
TRASM (cents)25.1121.0921.44

Adjusted for:




Third-party refinery sales(2.66)(1.87)(1.47)

TRASM, adjusted22.4519.2219.97
12.4 % 
Six Months Ended
June 30, 2026June 30, 2025TRASM (cents)24.0821.01Adjusted for:

Third-party refinery sales(2.53)(1.51)TRASM, adjusted21.5519.50 Operating Income, adjusted

Three Months Ended(in millions)June 30, 2026June 30, 2025Operating income$                1,864$                2,102Adjusted for:

MTM adjustments and settlements on hedges(301)(39)Operating income, adjusted$                1,563$                2,064 Operating Margin, adjusted
Three Months Ended
June 30, 2026June 30, 2025Operating margin9.4 %12.6 %Adjusted for:

Third-party refinery sales0.90.9MTM adjustments and settlements on hedges(1.5)(0.2)Operating margin, adjusted8.8 %13.3 % Pre-Tax Income, Net Income, and Diluted Earnings per Share, adjusted

Three Months Ended
Three Months Ended
June 30, 2026
June 30, 2026
Pre-TaxIncomeNet
Earnings(in millions, except per share data)IncomeTaxIncome
Per Diluted ShareGAAP$           2,009$            (405)$           1,604
$                2.44Adjusted for:




MTM adjustments on investments(349)



MTM adjustments and settlements on hedges(301)



Loss on extinguishment of debt1



Non-GAAP$           1,359$            (332)$           1,027
$                1.56






Three Months Ended
Three Months Ended
September 30, 2025
September 30, 2025
Pre-TaxIncomeNet
Earnings(in millions, except per share data)IncomeTaxIncome
Per Diluted ShareGAAP$           1,777$            (360)$           1,417
$                2.17Adjusted for:




MTM adjustments on investments(311)



MTM adjustments and settlements on hedges5



Loss on extinguishment of debt6



Non-GAAP$           1,477$            (363)$           1,114
$                1.70






Three Months Ended
Three Months Ended
June 30, 2025
June 30, 2025
Pre-TaxIncomeNet
Earnings(in millions, except per share data)IncomeTaxIncome
Per Diluted ShareGAAP$           2,574$            (444)$           2,130
$                3.27Adjusted for:




MTM adjustments on investments(735)



MTM adjustments and settlements on hedges(39)



Loss on extinguishment of debt20



Non-GAAP$           1,820$            (435)$           1,385
$                2.12 
Year Ended
Year Ended
December 31, 2025
December 31, 2025
Pre-TaxIncomeNet
Earnings(in millions, except per share data)IncomeTaxIncome
Per Diluted ShareGAAP$           6,185$          (1,180)$           5,005
$                  7.66Adjusted for:




MTM adjustments on investments(1,212)



MTM adjustments and settlements on hedges(21)



Loss on extinguishment of debt26



Non-GAAP$           4,977$          (1,179)$           3,798
$                  5.81 Pre-Tax Margin, adjusted

Three Months Ended
June 30, 2026June 30, 2025Pre-tax margin10.2 %15.5 %Adjusted for:

Third-party refinery sales0.80.8MTM adjustments on investments(1.8)(4.4)MTM adjustments and settlements on hedges(1.5)(0.2)Loss on extinguishment of debt—0.1Pre-tax margin, adjusted7.7 %11.7 %Operating Cash Flow, adjusted. We present operating cash flow, adjusted because management believes adjusting for the following item provides a more meaningful measure for investors:Net cash flows related to certain airport construction projects and other. Cash flows related to certain airport construction projects are included in our GAAP operating activities. We adjust for these items, which were primarily funded by cash restricted for airport construction, to provide investors a better understanding of the company's operating cash flow that is core to our operations in the periods shown.
Three Months Ended(in millions)June 30, 2026June 30, 2025Net cash provided by operating activities$                1,596$                1,856Adjusted for:

Net cash flows related to certain airport construction projects and other55(12)Operating cash flow, adjusted$                1,651$                1,844 
Six Months Ended(in millions)June 30, 2026Net cash provided by operating activities$                4,027Adjusted for:
Net cash flows related to certain airport construction projects and other38Net cash provided by operating activities, adjusted$                4,065 Operating revenue, adjusted related to premium products and diverse revenue streams


Three Months Ended
% Change(in millions)June 30, 2026June 30, 2025
Operating revenue$             19,757$             16,648

Adjusted for:



     Third-party refinery sales(2,091)(1,141)

Operating revenue, adjusted$             17,666$             15,507

Less: main cabin revenue(6,851)(6,347)

Operating revenue, adjusted related to premium products and diverse revenue streams$             10,815$              9,160
18 %Percent of operating revenue, adjusted related to premium products and diverse revenue streams61 %59 %
 2 pts Operating Expense, adjusted

Three Months Ended(in millions)June 30, 2026June 30, 2025Operating expense$               17,893$               14,546Adjusted for:

Third-party refinery sales(2,091)(1,141)MTM adjustments and settlements on hedges30139Operating expense, adjusted$               16,102$               13,443Adjusted Non-Fuel Cost and Non-Fuel Unit Cost or Cost per Available Seat Mile, ("CASM-Ex")We adjust operating expense and CASM for certain items described above, as well as the following items and reasons described below:Aircraft fuel and related taxes. The volatility in fuel prices impacts the comparability of year-over-year financial performance. The adjustment for aircraft fuel and related taxes allows investors to better understand and analyze our non-fuel costs and year-over-year financial performance.MRO expense. We adjust for MRO expenses because this adjustment allows investors to better understand and analyze the airline's recurring cost performance and provides a more meaningful comparison of our core operating costs to the airline industry.Profit sharing. We adjust for profit sharing because this adjustment allows investors to better understand and analyze our recurring cost performance and provides a more meaningful comparison of our core operating costs to the airline industry.
Three Months Ended(in millions)June 30, 2026June 30, 2025Operating expense$               17,893$               14,546Adjusted for:

Aircraft fuel and related taxes(4,109)(2,458)Third-party refinery sales(2,091)(1,141)MRO expense(273)(229)Profit sharing(328)(470)Non-Fuel Cost$               11,091$               10,247 
Three Months Ended
2Q26 vs 2Q25
% Change
June 30, 2026September 30, 2025June 30, 2025
CASM (cents)22.7418.9618.73

Adjusted for:




Aircraft fuel and related taxes(5.22)(3.25)(3.17)

Third-party refinery sales(2.66)(1.87)(1.47)

MRO expense(0.35)(0.27)(0.29)

Profit sharing(0.42)(0.50)(0.61)

CASM-Ex14.0913.0813.20
6.8 % 
Six Months Ended
% Change
June 30, 2026June 30, 2025
CASM (cents)22.4819.18

Adjusted for:



Aircraft fuel and related taxes(4.63)(3.33)

Third-party refinery sales(2.53)(1.51)

MRO expense(0.41)(0.25)

Profit sharing(0.33)(0.41)

CASM-Ex14.5813.68
7 % Total fuel expense, adjusted and Average fuel price per gallon, adjusted








Average Price Per Gallon


Three Months Ended


Three Months Ended


June 30,June 30,
% Change
June 30,June 30,
% Change(in millions, except per gallon data)20262025

20262025
Total fuel expense$        4,109$        2,458


$          3.66$          2.21

Adjusted for:








MTM adjustments and settlements on hedges30139


0.270.04

Total fuel expense, adjusted$        4,410$        2,497
77 %
$          3.93$          2.25
75 % 





Average Price Per Gallon


Six Months Ended


Six Months Ended


June 30,June 30,
% Change
June 30,June 30,
% Change(in millions, except per gallon data)20262025

20262025
Total fuel expense$        6,851$        4,869


$          3.25$          2.33

Adjusted for:








MTM adjustments and settlements on hedges15124


0.070.01

Total fuel expense, adjusted$        7,001$        4,892
43 %
$          3.32$          2.34
42 %Free Cash Flow. We present free cash flow because management believes this metric is helpful to investors to evaluate the company's ability to generate cash that is available for use for debt service or general corporate initiatives. Free cash flow is also used internally as a component of our incentive compensation programs. Free cash flow is defined as net cash from operating activities and net cash from investing activities, adjusted for (i) pension plan contributions, (ii) net cash flows related to certain airport construction projects and other, and (iii) strategic investments and related. These adjustments are made for the following reasons:Pension plan contributions. Cash flows related to pension funding are included in our GAAP operating activities. We adjust to exclude these contributions to allow investors to understand the cash flows related to our core operations.Net cash flows related to certain airport construction projects and other. Cash flows related to certain airport construction projects are included in our GAAP operating activities and capital expenditures. We have adjusted for these items, which were primarily funded by cash restricted for airport construction, to provide investors a better understanding of the company's free cash flow and capital expenditures that are core to our operations in the periods shown.Strategic investments and related. Certain cash flows related to our investments in and related transactions with other airlines and associated companies are included in our GAAP investing activities. We adjust for this activity because it provides a more meaningful comparison to our airline industry peers.
Three Months Ended(in millions)June 30, 2026June 30, 2025Net cash provided by operating activities$                1,596$                1,856Net cash used in investing activities(1,512)(1,199)Adjusted for:

Pension plan contributions447Net cash flows related to certain airport construction projects and other7028Strategic investments and related51—Free cash flow$                  209$                  733 
Six Months Ended(in millions)June 30, 2026Net cash provided by operating activities$                4,027Net cash used in investing activities(2,775)Adjusted for:
Pension plan contributions4Net cash flows related to certain airport construction projects and other75Strategic investments and related105Free cash flow$                1,436Adjusted Net Debt. We use adjusted gross debt, including fleet operating lease liabilities (comprised of aircraft and engine leases and regional aircraft leases embedded within our capacity purchase agreements) and unfunded pension liabilities (if applicable), in addition to adjusted debt and finance leases, to present estimated financial obligations. We reduce adjusted total debt by cash, cash equivalents, and LGA restricted cash, resulting in adjusted net debt, to present the amount of assets needed to satisfy the debt. Management believes this metric is helpful to investors in assessing the company's overall debt profile.(in millions)June 30, 2026December 31,
2025June 30, 2025
2Q26 vs 4Q25
$ ChangeDebt and finance lease obligations$            13,952$            14,113$            15,056

Plus: sale-leaseback financing liabilities1,7491,7791,807

Plus: unamortized discount/(premium) and debt issue cost, net and other(12)(6)5

Adjusted debt and finance lease obligations$            15,688$            15,885$            16,868

Plus: fleet operating lease liabilities2,5912,7802,880

Adjusted gross debt$            18,279$            18,665$            19,749

Less: cash and cash equivalents(4,665)(4,310)(3,331)

Less: LGA restricted cash(22)(56)(102)

Adjusted net debt$            13,591$            14,300$            16,316
$         (709)Gross Capital Expenditures. We adjust capital expenditures for the following item to determine gross capital expenditures for the reason described below:Net cash flows related to certain airport construction projects. Cash flows related to certain airport construction projects are included in capital expenditures. We adjust for these items because management believes investors should be informed that a portion of these capital expenditures from airport construction projects are either funded with restricted cash specific to these projects or reimbursed by a third party.
Three Months Ended(in millions)June 30, 2026June 30, 2025Flight equipment, including advance payments$                1,244$                  996Ground property and equipment, including technology214213Adjusted for:

Net cash flows related to certain airport construction projects(16)(41)Gross capital expenditures$                1,442$                1,168After-tax Return on Invested Capital ("ROIC"). We present after-tax return on invested capital as management believes this metric is helpful to investors in assessing the company's ability to generate returns using its invested capital. Return on invested capital is tax-effected adjusted operating income (using our effective tax rate for each respective period) divided by average adjusted invested capital. Average stockholders' equity and average adjusted gross debt are calculated using amounts as of the end of the current period and comparable period in the prior year. All adjustments to calculate ROIC are intended to provide a more meaningful comparison of our results to comparable companies.Interest expense included in aircraft rent. This adjustment relates to interest expense related to operating lease transactions. Adjusting for these results allows investors to better understand our core operational performance in the periods shown as it neutralizes the effect of lease financing structure.
Twelve Months Ended(in millions)June 30, 2026Operating income$                  5,516Adjusted for:
MTM adjustments and settlements on hedges(148)Interest expense included in aircraft rent132Adjusted operating income$                  5,500Tax effect(1,294)Tax-effected adjusted operating income$                  4,206

Average stockholders' equity$                19,628Average adjusted gross debt19,014Average adjusted invested capital$                38,642

After-tax Return on Invested Capital10.9 %  View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-announces-june-quarter-2026-financial-results-302822559.htmlSOURCE Delta Air Lines Original: Delta Air Lines Announces June Quarter 2026 Financial Results

U.S. Futures Cautious Ahead of Earnings Season as Markets Monitor Geopolitical Risks: Dow Jones, S&P, Nasdaq, Wall StreetJuly 10, 2026 5:48 AM
IH Market News U.S. equity futures traded with little direction on Friday as investors weighed strength in Asian technology stocks against ongoing tensions in the Middle East while preparing for the start of the second-quarter earnings season. “Steady earnings fundamentals continue to anchor index volatility, Q2 results will be key to confirm this,” Barclays strategist Emmanuel Cau wrote in a note. “Q2 results will be crucial in reconnecting price action with fundamentals, determining whether markets can extend gains from here and affirming sector/factor leadership.” Commodity markets reflected a similarly cautious mood. Gold remained under pressure and was on course for a weekly decline, while oil retained most of its recent gains as traders continued to monitor developments involving the United States and Iran. Japanese markets also attracted attention after the government unveiled plans aimed at increasing domestic pension fund investment, while SK Hynix (USOTC:HXSCL) remained in focus following its record U.S. ADR offering. Japanese Markets Gain on Pension Investment Plans Japanese government bonds and the yen strengthened after Finance Minister Satsuki Katayama announced plans to encourage major pension funds, including the $2 trillion Government Pension Investment Fund (GPIF), to increase investment in domestic financial assets. The proposal could generate substantial inflows into Japanese equities and bonds while supporting the yen if pension funds reduce their approximately 50% allocation to overseas assets. Investors are also awaiting the government’s “Honebuto” economic policy package, scheduled for release on 21 July, which is expected to include funding initiatives for artificial intelligence, semiconductors and energy projects. The U.S. dollar was last down 0.4% against the yen. SK Hynix Completes Landmark U.S. Listing SK Hynix (USOTC:HXSCL) priced its American depositary receipt (ADR) offering at $149 per share, raising approximately $26.5 billion in one of the largest semiconductor share offerings on record. The issue price represented a premium of around 3% to the previous closing price of the company’s Seoul-listed shares, with trading due to begin on Friday. Reuters reported that demand for the ADR offering exceeded available shares by more than seven times. Asian Stocks Outperform While Europe Pauses Asian equity markets advanced, led by semiconductor companies after a strong session on Wall Street. South Korea’s Kospi climbed roughly 5%, with Samsung Electronics among the strongest performers, while Japan’s Nikkei 225 also posted gains. European markets were more restrained. The STOXX 600 traded broadly flat after the previous session’s AI-driven rally as investors assessed renewed military tensions between the United States and Iran alongside concerns over shipping disruptions and inflation. In the United States, futures were mixed, with S&P 500 futures down 0.2% while Dow Jones Industrial Average futures edged 0.1% higher. Oil Holds Weekly Gains While Gold Weakens Oil prices traded slightly higher and remained on course for solid weekly advances as markets balanced renewed geopolitical tensions against expectations that the conflict would remain contained. Brent crude was on track for a weekly gain of around 6%, while WTI crude was set to rise approximately 5%. Both benchmarks, however, remained below the highs reached earlier in the week after concerns over a major disruption to shipping through the Strait of Hormuz eased. Gold continued to weaken and was headed for a weekly loss as higher oil prices revived concerns over inflation and interest rates. Silver and platinum were also set to finish the week lower. Delta Opens the Second-Quarter Reporting Season Attention is now turning to the second-quarter earnings season, which begins in earnest next week. Delta Air Lines (NYSE:DAL) is scheduled to report results later today, with analysts forecasting adjusted earnings per share of $1.51 on revenue of $17.53 billion. Expectations include passenger revenue of $15.63 billion and cargo revenue of approximately $231.6 million. Investors will be looking closely at the airline’s outlook for insight into consumer travel demand and broader economic conditions. SK Hynix stock price Delta Airlines stock priceThe post U.S. Futures Cautious Ahead of Earnings Season as Markets Monitor Geopolitical Risks: Dow Jones, S&P, Nasdaq, Wall Street appeared first on US Editors. Original: U.S. Futures Cautious Ahead of Earnings Season as Markets Monitor Geopolitical Risks: Dow Jones, S&P, Nasdaq, Wall Street

Five Key Market Events Investors Will Be Watching This WeekJuly 6, 2026 6:47 AM
IH Market News 1. U.S. Services PMI to Gauge Economic Momentum Wall Street returns from the extended Independence Day weekend with investors focused on fresh data from the U.S. services sector, one of the most important indicators of economic activity. The Institute for Supply Management’s (ISM) non-manufacturing PMI for June is expected to ease slightly to 54.2 from 54.5 in May. Any reading above 50 would continue to signal expansion in the sector. Services account for more than two-thirds of U.S. economic output, making the report a critical measure of the country’s growth outlook. The release follows last week’s weaker-than-expected manufacturing PMI, as companies navigated the economic impact of the Iran conflict alongside continued investment linked to artificial intelligence. 2. Federal Reserve Minutes in Focus Markets will also closely examine the minutes from the Federal Reserve’s June policy meeting later this week. At its first meeting under Chair Kevin Warsh, the Fed kept interest rates unchanged at 3.5% to 3.75%. However, policymakers’ projections indicated that several officials still expect borrowing costs to rise before the end of the year in response to energy-related inflation pressures. Investors will also look for additional insight into Warsh’s plans to reshape the Federal Reserve’s policy framework, particularly after he suggested changes to the central bank’s approach to forward guidance while emphasizing that he does not intend to provide explicit signals on the future path of interest rates. Recent comments indicating that inflation risks have eased, combined with softer employment and manufacturing data, have reduced market expectations for another near-term rate increase. 3. Fed Task Force Appointments Could Be Announced Attention is also turning to the expected announcement of the experts who will join a series of Federal Reserve task forces reviewing the institution’s operations. Speaking at a central banking conference in Portugal, Warsh said he expected to reveal this week “who will be the outside experts” participating in the initiative. He added, “Some of them would have been folks in seats like this in prior years, some would have been academics in the audience, but we really tried to find the best minds […], including people from countries outside the U.S.” According to Reuters, five task forces will examine areas including communications, the Fed’s balance sheet, economic forecasting, productivity and employment, and the inflation framework. 4. Levi Strauss Earnings Due Corporate earnings season continues with results from Levi Strauss & Co (NYSE:LEVI), which remains one of the week’s most closely watched reports. The apparel company raised its full-year sales and earnings guidance in April, citing resilient consumer demand despite the impact of U.S. tariffs. Levi’s has also been adapting its supply chain in response to geopolitical uncertainty by reducing its dependence on China while implementing price increases and tighter cost controls. The stock has gained more than 17% since the beginning of the year. 5. Delta Air Lines Outlook Under Scrutiny Delta Air Lines (NYSE:DAL) will publish quarterly results before Friday’s opening bell. Earlier this year, the airline withdrew its planned capacity expansion for the June quarter and declined to issue updated full-year guidance as fuel costs surged during the Iran conflict. With oil prices now back near pre-conflict levels following last month’s interim peace agreement between the United States and Iran, investors will be looking for management’s latest outlook on travel demand, operating costs and profitability through the remainder of 2026. Delta shares have advanced more than 34% year to date. Levi Strauss & Co stock price Delta Airlines stock priceThe post Five Key Market Events Investors Will Be Watching This Week appeared first on US Editors. Original: Five Key Market Events Investors Will Be Watching This Week

Airlines Poised to Benefit from Lower Fuel Costs, but Cheaper Tickets May Be Slow to ArriveJune 22, 2026 6:40 AM
IH Market News Airlines could see a substantial reduction in fuel expenses following the decline in oil prices triggered by the interim peace agreement between the United States and Iran. However, passengers should not expect ticket prices to fall immediately, as constrained capacity may allow carriers to retain much of the recent fare increases. The situation is particularly evident in the United States, where ticket prices have not fully kept pace with the surge in fuel costs experienced earlier this year. With limited growth in domestic seat capacity, airlines have room to use lower fuel expenses to strengthen profitability rather than reduce fares. Fuel Prices Retreat Sharply U.S. spot jet fuel prices stood at $2.85 per gallon on June 17, a significant drop from the early-April peak of $4.88 per gallon. If maintained, such a decline could reduce the annual fuel bill for the U.S. airline industry by more than $40 billion, based on Reuters calculations using industry fuel consumption data. The reduction offers carriers a meaningful opportunity to improve earnings after a period of sharply rising operating costs. Airlines Have Not Fully Recovered Higher Fuel Costs Although airlines responded to rising fuel prices by increasing fares, charging higher baggage fees and trimming flight schedules, those measures only partially offset the additional expense. Industry figures show jet fuel costs increased more than three times faster than airfare prices between January and May. According to Deutsche Bank, U.S. airlines are expected to recover only around 60 cents of every extra dollar spent on fuel, translating into approximately $14.4 billion of additional revenue against $24.1 billion in higher fuel costs. Alaska Air (NYSE:ALK) said it had recovered roughly one-third of the increase. Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) estimated second-quarter recovery rates of between 40% and 50%, while JetBlue Airways (NASDAQ:JBLU) and Frontier Group (NASDAQ:ULCC) expect to recapture less than half of the additional costs. United Airlines chief executive Scott Kirby said his company is steadily closing the gap through pricing measures. “We’re on a path to recovering 100% by the end of the year,” Kirby told Reuters. Fare Levels Remain the Key Issue Data from Raymond James showed average domestic fares booked one week before departure were 34.1% higher than a year earlier as of June 8. The critical question for the industry is whether airlines can maintain those higher fares even as fuel costs decline. “What remains crucial is the ability to hold price,” said Melius Research analyst Conor Cunningham, adding that lower gasoline prices could reduce consumer sensitivity to elevated airfare levels. International Markets May See Different Outcomes Outside the United States, the impact of lower fuel prices is expected to vary by region. Dudley Shanley, head of aviation and travel research at Goodbody, said crude oil declines take time to filter through to jet fuel markets. Unless fuel prices return to levels seen at the beginning of the year, airlines are likely to keep fares stable or increase them where demand remains strong. In Europe, analysts expect long-haul ticket prices to face greater downward pressure because carriers have been more successful at passing on higher fuel costs on those routes. Short-haul fares may prove more resilient if the peace agreement stimulates demand and travel bookings. HSBC analysts noted that China’s largest airlines continue to face weak pricing power and lower aircraft utilisation rates, while Cathay Pacific could be better positioned thanks to stronger premium travel demand and cargo revenue. Middle East Airlines Face a Different Challenge The Middle East remains an exception after months of conflict disrupted air traffic patterns across the region. Aviation analyst John Strickland said some airlines may introduce promotional offers to encourage passengers to return, although fuel costs remain too high to support widespread discounting. He added that carriers in the United Arab Emirates may be able to pursue more aggressive pricing strategies with support from government-backed initiatives. Lower Fuel Costs Could Deliver a Major Earnings Boost Airlines’ financial gains will depend largely on how long lower fuel prices persist. Fuel purchasing is typically spread over time, meaning carriers do not immediately benefit from movements in spot markets. Moreover, despite recent declines, jet fuel prices remain 54% higher than a year ago, according to the International Air Transport Association. Southwest Airlines (NYSE:LUV) chief operating officer Andrew Watterson highlighted the importance of fuel costs when discussing profitability. “When’s fuel going to go down?” Watterson told Reuters when asked about the timing of a return to pre-pandemic margins. Jefferies estimates that every 5% reduction in its projected 2027 fuel-price forecast of roughly $3 per gallon would increase earnings per share by between 10% and 15% for Delta, Southwest and United, while American Airlines could see earnings rise by as much as 50%. Capacity Constraints Reduce the Risk of a Fare War Historically, falling oil prices often triggered aggressive capacity growth among U.S. airlines, leading to lower ticket prices. This time, however, conditions appear different. Aircraft delivery delays, airport capacity limitations and a weaker low-cost carrier segment are restricting supply growth. Industry data show U.S. domestic seat capacity is expected to increase just 0.4% year-on-year in the third quarter, down sharply from the 4.6% growth projected before the latest Middle East tensions emerged. Analysts at J.P. Morgan said reduced aircraft deliveries and cutbacks by budget airlines lower the risk of “meaningful capacity creep” in the U.S. market, giving carriers an unusually strong ability to maintain pricing discipline. Ultimately, the outlook for ticket prices may depend less on fuel and more on consumer demand. “This is very much subject to the strength of the consumer,” Shanley said. Alaska Air stock price Delta Airlines stock price United Airlines stock price American Airlines stock price JetBlue Airways stock price Frontier Group Holdings stock price Southwest Airlines stock priceThe post Airlines Poised to Benefit from Lower Fuel Costs, but Cheaper Tickets May Be Slow to Arrive appeared first on US Editors. Original: Airlines Poised to Benefit from Lower Fuel Costs, but Cheaper Tickets May Be Slow to Arrive

Delta Air Lines Announces Webcast of June Quarter 2026 Financial ResultsJune 19, 2026 10:00 AM
PR Newswire (US) ATLANTA, June 19, 2026 /PRNewswire/ -- Delta Air Lines will hold a live conference call and webcast to discuss its June quarter 2026 financial results at 10 a.m. ET, Friday, July 10th, 2026. A live webcast of this event will be available at ir.delta.com and an online replay will be available shortly after the webcast is complete.About Delta Air LinesNo one better connects the worldThrough exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer.There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by Cirium for being the top on-time airline in North America for the fifth consecutive year.We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-announces-webcast-of-june-quarter-2026-financial-results-302805398.htmlSOURCE Delta Air Lines Original: Delta Air Lines Announces Webcast of June Quarter 2026 Financial Results

Delta Air Lines Declares Quarterly DividendJune 18, 2026 4:30 PM
PR Newswire (US) ATLANTA, June 18, 2026 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.2150 per share, an increase of approximately 15% over previous levels. The dividend is payable to shareholders of record as of the close of business on July 9, 2026, and will be paid on July 30, 2026. About DeltaNo one better connects the worldThrough exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer.There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by Cirium for being the top on-time airline in North America for the fifth consecutive year.We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-declares-quarterly-dividend-302804717.htmlSOURCE Delta Air Lines Original: Delta Air Lines Declares Quarterly Dividend

Delta Advances Fleet Efficiency with VCT Finlets Across 737NG FleetJune 17, 2026 7:00 AM
PR Newswire (US) Implementation advances Delta's ongoing efforts to improve fleet efficiency across global operationSEATTLE, June 17, 2026 /PRNewswire/ -- VCT today announced that Delta Air Lines will install a finlet modification package from Vortex Control Technologies (VCT) across its Boeing 737-800 and 737-900ER fleet, bringing the enhancement to 240 aircraft once installation has been completed. The decision follows a comprehensive technical collaboration and in-service evaluation between the two companies, including analysis of flight test data, operational trends and engineering review of aerodynamic performance. HOW FINLETS WORKFinlets are aerodynamic devices installed on the aft fuselage of an aircraft that reshape airflow, reduce drag, and improve fuel efficiency. All aircraft generate vortices in flight, particularly at the wing tips and aft fuselage. VCT's Finlets reduce flow separation and improve the pressure distribution along the aft fuselage, resulting in lower fuel consumption and reduced carbon emissions."Equipping these Boeing 737-800 and 737-900ER fleets with Finlets represents a significant milestone for VCT. We are proud to provide a practical technology that helps airlines improve fuel efficiency, reduce carbon emissions, and enhance operating economics," said Gil Morgan, Chief Executive Officer of Vortex Control Technologies.BUILDING ON PROVEN FLEET MODIFICATION WORKThe finlet implementation builds on Delta's ongoing fleet modification approach and was cemented with safety and strategy in mind, driven by a rigorous evaluation process. The assessment encompassed flight test validation, analysis of operational trends and engineering review of aerodynamic performance using computational fluid dynamics (CFD) analysis on Delta's 737NG aircraft.Delta's decision to equip its Boeing 737-800 and 737-900ER fleet with Finlets reflects the airline's continued focus on reducing fuel consumption, lowering emissions, and improving operational efficiency through practical, data-driven solutions.SUSTAINABILITY AS AN OPERATIONAL COMMITMENTWith approximately 90% of Delta's carbon emissions originating from jet fuel consumption, initiatives such as Finlets play an important role in improving fleet efficiency while supporting the airline's broader sustainability objectives."Delta seeks out partners and innovations that enhance performance, reduce environmental impact, and generate long-term operational benefits," said Amelia DeLuca, Delta's Chief Sustainability Officer. "We appreciate the strong partnership with VCT throughout the evaluation process and are looking forward to this implementation to further support our ongoing fleet efficiency initiatives."By moving forward with this sustainability program, Delta continues to advance its environmental commitments, driven by the dedication and hard work of the teams that made the evaluation possible.About Delta AirlinesThrough exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,000 peak day flights to more than 290 destinations on six continents, connecting people to places and to each other. Headquartered in Atlanta, Delta operates significant hubs and key markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon and Tokyo. Learn more at www.delta.com.About Vortex Control TechnologiesHeadquartered in Seattle, Vortex Control Technologies (VCT) designs sustainable performance-enhancing modifications for commercial and military aircraft. Through advanced aerodynamic solutions such as Finlets, VCT helps operators reduce fuel burn and emissions. The company's technologies have already saved tens of millions of gallons of jet fuel and prevented over 100,000 metric tons of CO2 emissions. Learn more at www.vcteco.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-advances-fleet-efficiency-with-vct-finlets-across-737ng-fleet-302803007.htmlSOURCE Vortex Control Technologies Original: Delta Advances Fleet Efficiency with VCT Finlets Across 737NG Fleet

Travel Sector Rallies as Iran Agreement Sends Oil Prices LowerJune 15, 2026 9:02 AM
IH Market News Airline and cruise company shares posted strong gains on Monday after the United States and Iran announced a preliminary agreement aimed at ending the conflict between the two nations and reopening the Strait of Hormuz. Investors welcomed the development, viewing it as a potential catalyst for lower energy costs and improved profitability across the travel industry. Airlines Lead Market Gains Major U.S. airlines were among the strongest performers during the session. United Airlines (NASDAQ:UAL), Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL) each advanced 4.5%, while Southwest Airlines (NYSE:LUV) rose 4%. The sector benefited from expectations that easing geopolitical tensions could help reduce fuel expenses, one of the largest operating costs for airlines. Cruise Operators Also Move Higher Cruise stocks joined the rally as investors reacted positively to the prospect of lower energy prices. Norwegian Cruise Line (NYSE:NCLH) climbed 4.7%, Carnival (NYSE:CCL) gained 4.5%, Royal Caribbean Cruises (NYSE:RCL) added 4.3%, and Viking Holdings (NYSE:VIK) rose 3%. Like airlines, cruise operators are highly exposed to fluctuations in fuel costs, making them among the biggest beneficiaries of declining oil prices. Crude Falls to Lowest Level Since March The gains across the travel sector came as crude oil prices dropped more than 5%, reaching their lowest levels since March following news of the agreement between Washington and Tehran. Markets interpreted the deal as a step toward restoring energy flows through the Strait of Hormuz, a key route for global oil shipments. Lower Fuel Costs Boost Sector Outlook The prospect of the Strait reopening helped ease concerns about supply disruptions that had previously supported higher crude prices. For airlines and cruise companies, lower fuel costs typically translate into stronger operating margins and improved earnings potential. As a result, investors moved into travel-related stocks, betting that a more stable energy environment could provide a significant tailwind for the sector in the months ahead. United Airlines stock price Delta Airlines stock price American Airlines stock price Southwest Airlines stock price Norwegian Cruise Line Holdings stock price Carnival Corporation stock price Royal Caribbean stock price Viking Holdings stock price Original: Travel Sector Rallies as Iran Agreement Sends Oil Prices Lower

Delta Air Lines to Present at the TD Cowen Future of the Consumer ConferenceMay 13, 2026 10:30 AM
PR Newswire (US) ATLANTA, May 13, 2026 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will present at the TD Cowen Future of the Consumer Conference at 10:15 a.m. ET on Wednesday, June 3rd, 2026. A live webcast of this event will be available at ir.delta.com and an online replay will be available shortly after the webcast is complete.About Delta Air LinesNo one better connects the worldThrough exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer.    There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.?Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by J.D. Power in 2025 year for being No. 1 in Premium Economy Passenger Satisfaction. The airline also was recognized as the top U.S. airline by the Wall Street Journal and as North America's most on-time?airline?in 2025 from Cirium.We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us.   View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-to-present-at-the-td-cowen-future-of-the-consumer-conference-302769943.htmlSOURCE Delta Air Lines Original: Delta Air Lines to Present at the TD Cowen Future of the Consumer Conference

U.S. Airline Stocks Fall as Oil Prices Jump Following Trump’s Rejection of Iran ProposalMay 11, 2026 6:32 AM
IH Market News U.S. airline shares moved lower in premarket trading on Monday after oil prices surged in response to President Donald Trump dismissing Iran’s latest reply to a U.S.-backed peace proposal as “totally unacceptable,” raising fears that disruptions to global crude supplies could persist.Brent crude futures climbed 2.7% to $104.02 per barrel by 05:14 ET (09:14 GMT), while U.S. West Texas Intermediate crude gained 2.3% to $97.55 a barrel. The Strait of Hormuz remained largely shut, continuing to tighten global energy supplies.Against that backdrop, airline stocks came under pressure as investors assessed the impact of higher fuel costs on the sector. Shares in Southwest Airlines (NYSE:LUV) and United Airlines (NASDAQ:UAL) each fell around 1% in premarket trading, while Delta Air Lines (NYSE:DAL) and American Airlines slipped roughly 0.8%.The rise in crude prices erased a large portion of last week’s declines, when both oil benchmarks had dropped approximately 6% amid optimism that the 10-week conflict might soon ease and that shipping traffic through the Strait of Hormuz could resume.Those expectations weakened after Iran unveiled its counterproposal on Sunday, which reportedly extended far beyond the limited ceasefire framework originally proposed by Washington. According to Iranian state media, Tehran called for a broader end to hostilities across the region, including in Lebanon, where Israel — a U.S. ally — remains engaged in conflict with the Iran-backed Hezbollah group.Iran also reportedly demanded compensation for war-related damage, the removal of the U.S. naval blockade, guarantees against future military strikes, sanctions relief, and the lifting of restrictions on Iranian oil exports. Iranian officials additionally reaffirmed Tehran’s sovereignty over the Strait of Hormuz.Trump quickly rejected the proposal, writing on Truth Social: “I don’t like it — TOTALLY UNACCEPTABLE.”The U.S. administration had initially pushed for a temporary halt to the fighting before entering negotiations on more complex issues, particularly Iran’s nuclear programme.Southwest Airlines stock priceUnited Airlines stock priceDelta Airlines stock priceAmerican Airlines stock price Original: U.S. Airline Stocks Fall as Oil Prices Jump Following Trump’s Rejection of Iran Proposal

Airline shares jump as optimism grows over possible U.S.-Iran agreementMay 6, 2026 9:28 AM
IH Market News Airline stocks moved sharply higher on Wednesday, with leading U.S. carriers posting gains of between 5% and 7.6% amid growing expectations that the United States and Iran could soon reach a diplomatic agreement.United Airlines (NASDAQ:UAL) led the sector higher with a 7.6% rally. Shares of American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), and Southwest Airlines (NYSE:LUV) each gained around 7%, while JetBlue Airways advanced 5%.The gains followed a Reuters report stating that Washington and Tehran are approaching a preliminary one-page agreement to end the conflict, citing a Pakistani source familiar with the negotiations.Separately, Axios reported that the proposed memorandum would formally end hostilities and launch a 30-day negotiation period aimed at reaching a broader detailed agreement.According to Axios, the framework would center on reopening the Strait of Hormuz, limiting Iran’s nuclear activities, and easing U.S. sanctions.The developments also weighed on energy markets, sending oil prices to their lowest levels in roughly two weeks. Brent crude futures dropped 8% as concerns about potential supply disruptions in the Middle East eased.The Strait of Hormuz remains one of the world’s most important oil shipping routes, and geopolitical tensions in the region have historically pushed up fuel costs for airlines.A diplomatic breakthrough between the U.S. and Iran could help reduce geopolitical uncertainty and potentially ease operating costs across the airline industry.United Airlines stock priceAmerican Airlines stock priceDelta Airlines stock priceSouthwest Airlines stock priceJetBlue Airways stock price Original: Airline shares jump as optimism grows over possible U.S.-Iran agreement

Amazon CEO Jassy details AI spending plans, forecasts $200B capex for 2026April 9, 2026 9:51 AM
IH Market News
Amazon (NASDAQ:AMZN) Chief Executive Andy Jassy said in his annual shareholder letter that the company expects to spend roughly $200 billion on capital expenditures in 2026, with the bulk directed toward building out artificial intelligence infrastructure.Jassy said Amazon Web Services’ AI business has reached a revenue run rate of more than $15 billion in the first quarter of 2026. He noted that this represents growth nearly 260 times faster than AWS experienced at a similar point earlier in its development. The company added 3.9 gigawatts of power capacity in 2025 and plans to double its total capacity by the end of 2027.Amazon reported total revenue of $717 billion for 2025, an increase of 12% from $638 billion in 2024. Operating income rose 17% to $80 billion from $69 billion. Free cash flow, however, dropped from $38 billion to $11 billion as spending on property and equipment surged by $50.7 billion year over year, largely tied to AI-related investments.The company’s in-house AI chip portfolio—including Graviton, Trainium and Nitro—has reached an annual revenue run rate exceeding $20 billion, with triple-digit year-over-year growth. Jassy said that at scale, Trainium is expected to save tens of billions of dollars in capital expenditures each year while adding several hundred basis points to operating margins.AWS reported a revenue run rate of $142 billion in the fourth quarter of 2025, reflecting 24% year-over-year growth. Jassy said demand for cloud infrastructure continues to exceed available capacity, leaving some customer demand unmet.In its retail segment, Amazon introduced Amazon Now, a rapid-delivery service offering thousands of products within about 20 minutes. The service is seeing order growth of 25% month over month in India, where Amazon operates more than 360 micro-fulfillment centers. The company’s grocery division generated more than $150 billion in gross sales in 2025, making Amazon the second-largest grocery retailer in the United States.Amazon’s Prime Air drone delivery program aims to reach communities representing 30 million customers by the end of the year and is targeting half a billion deliveries by the end of the decade. The company has built more than 85 Same-Day Fulfillment Centers across the U.S. and has already delivered more than 500 million same-day orders in 2026.Amazon Leo, the company’s low Earth orbit satellite network, currently has more than 200 satellites in orbit. It has secured revenue commitments from Delta Air Lines (NYSE:DAL), which plans to begin offering the service on 500 aircraft in 2028. Additional customers include JetBlue, AT&T (NYSE:T), Vodafone, and NASA.Jassy added that a significant portion of the AWS capital expenditures planned for 2026 is already backed by customer commitments, including a deal worth more than $100 billion with OpenAI.Amazon stock price

Original: Amazon CEO Jassy details AI spending plans, forecasts $200B capex for 2026

Stocks Soar as U.S.-Iran Ceasefire Sends Oil Plunging and Risk Appetite Roaring BackApril 8, 2026 4:35 PM
IH Market News
Wall Street staged its biggest rally in months on Wednesday after President Trump announced a two-week suspension of planned attacks on Iranian infrastructure, contingent on Iran agreeing to immediately reopen the Strait of Hormuz. The breakthrough sent crude oil into freefall and unleashed a wave of buying across nearly every corner of the equity market, with airlines, chipmakers, and mega-cap tech leading the charge higher.The Dow Jones Industrial Average surged 1,325.46 points, or 2.85%, to close at 47,909.92. The S&P 500 (SPI:SP500) jumped 165.96 points, or 2.51%, finishing at 6,782.81. The Nasdaq Composite rallied 617.15 points, or 2.80%, to close at 22,635.00. The moves came as U.S. crude oil plunged more than 16% to settle near $94 a barrel — its steepest single-day decline since 2020 — after trading as high as $117 just a day earlier. The collapse in energy prices provided immediate relief to an equity market that had been laboring under the weight of elevated fuel costs and geopolitical uncertainty for weeks.



Notable Movers



Delta Air Lines (NYSE:DAL) surged roughly 12% in a session where the airline had plenty of tailwinds working in its favor. The carrier reported first-quarter adjusted earnings of $0.64 per share on revenue of $14.2 billion, beating top-line estimates even as it flagged a $2 billion fuel-cost headwind for the current quarter. CEO Ed Bastian noted that demand remains strong across premium cabins — where revenue rose 14% year-over-year — but said the company would “meaningfully reduce” near-term capacity growth. The ceasefire-driven collapse in oil amplified the stock’s move as investors recalculated the fuel outlook.Chipmakers were among the session’s biggest winners. Micron Technology (MU) jumped about 7% after UBS raised its price target on the stock, while Taiwan Semiconductor (TSM), ASML (ASML), and Applied Materials (AMAT) all rallied 7% or more on renewed confidence in the global growth outlook. Meta (META), Amazon (AMZN), Alphabet (GOOGL), and Nvidia (NVDA) led the Magnificent Seven broadly higher as the ceasefire-fueled optimism rippled through the large-cap tech space.On the downside, energy stocks were hit hard as crude cratered. Diamondback Energy (FANG) was the session’s most notable laggard, tracking the roughly 16% decline in oil prices and underscoring how quickly sentiment can shift for the sector when the geopolitical premium unwinds.



Looking Ahead



Thursday brings the fourth-quarter GDP third estimate and February PCE prices — a critical pairing that will help investors gauge how much damage elevated oil costs have done to the broader economy. Friday’s March CPI report and the preliminary April University of Michigan Consumer Sentiment reading could prove even more consequential, particularly for Fed rate-cut expectations; odds of at least one cut before year-end jumped to 45% on Wednesday as the oil crash eased inflation fears. Big bank earnings season kicks off next week with Goldman Sachs on Monday, followed by JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock on Tuesday. Whether the ceasefire holds — and whether Iran follows through on reopening the Strait of Hormuz — will remain the dominant swing factor for markets in the days ahead.

Original: Stocks Soar as U.S.-Iran Ceasefire Sends Oil Plunging and Risk Appetite Roaring Back

Delta tops Q1 forecasts but issues softer-than-expected profit outlookApril 8, 2026 10:04 AM
IH Market News
Delta Air Lines (NYSE:DAL) reported first-quarter earnings on Wednesday that exceeded analyst expectations, although its profit forecast for the current quarter came in below market projections.Delta shares had already rallied ahead of the results, supported by a broader market rebound following news of a U.S.-Iran ceasefire that drove oil prices lower and lifted airline stocks. The stock was up more than 12% by 06:41 ET.The Atlanta-based carrier posted earnings of $0.64 per share for the first quarter, surpassing the consensus estimate of $0.61. Revenue totaled $14.2 billion, also ahead of the $13.97 billion expected by analysts. Operating income reached $652 million for the quarter, with an operating margin of 4.6%.Delta also said it will eliminate all previously planned capacity expansion for the second quarter, reducing supply by about 3.5 percentage points from its initial schedule.“Delta’s results underscore the power of our brand and the durability of our financial foundation. We delivered earnings that were more than 40 percent higher than last year, even with a significant increase in fuel costs and operational disruptions across the industry,” said Ed Bastian, Chief Executive Officer.“Demand remains strong, and we are taking actions to protect our margins and cash flow. This includes meaningfully reducing capacity growth, with a downward bias until the fuel environment improves, and moving quickly to recapture higher fuel costs.”For the second quarter, Delta expects earnings per share between $1.00 and $1.50, below the Street’s estimate of $1.70, and forecasts an operating margin in the range of 6% to 8%. The company anticipates total revenue will rise at a low-teens percentage rate compared with the same period last year.The guidance assumes fuel prices based on the forward curve as of April 2 and incorporates an estimated refinery benefit of about $300 million, leading to a projected all-in fuel cost of roughly $4.30 per gallon for the quarter.Delta Airlines stock price

Original: Delta tops Q1 forecasts but issues softer-than-expected profit outlook

U.S. airline stocks rise in premarket as oil slides after Iran ceasefire dealApril 8, 2026 6:49 AM
IH Market News
U.S. airline shares moved sharply higher in premarket trading on Wednesday as oil prices dropped following a conditional ceasefire agreement between the United States and Iran, easing tensions that had unsettled energy markets for more than five weeks.Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL) gained between 6% and 8% before the opening bell as of 05:42 ET, while crude oil prices fell to their lowest level since March 25. Brent crude was down 14.1% at $93.83 at the time of writing.Fuel costs, particularly jet fuel, represent one of the largest operating expenses for airlines and tend to move in line with crude prices, meaning the sharp drop in oil is seen as a meaningful boost for the sector’s profitability outlook.The slide in oil prices followed comments from President Donald Trump late Tuesday that he had agreed to pause planned military strikes on Iranian infrastructure for two weeks, provided Iran allows the immediate reopening of the Strait of Hormuz.“This will be a double sided CEASEFIRE!” Trump wrote on Truth Social. “The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East.”Iranian Foreign Minister Abbas Araghchi also said, speaking on behalf of the country’s Supreme National Security Council, that Tehran’s military would “cease their defensive operations.”Trump, who had issued several warnings in recent weeks before stepping back from escalation, said progress in negotiations had led him to support the ceasefire arrangement. Iran had put forward a 10-point proposal that he described as a “workable basis” for negotiations, and he indicated that a final agreement could be reached within the two-week timeframe.Financial markets reacted positively to the development, with global equities advancing after news of the ceasefire emerged.Delta Airlines stock priceUnited Airlines stock priceAmerican Airlines stock price

Original: U.S. airline stocks rise in premarket as oil slides after Iran ceasefire deal

Delta Air Lines Announces March Quarter 2026 Financial ResultsApril 8, 2026 6:30 AM
PR Newswire (US)

Delivered March quarter earnings in line with initial guidance on broad demand strength driving better-than-expected revenue performanceGuiding to low-teens revenue growth in the June quarter on flat capacity growth, reflecting strong demand momentum, meaningful capacity reductions, and rapid actions to recapture higher fuelExpect June quarter pre-tax profit of around $1 billion, on a more than $2 billion increase
in fuel expense at the forward curve Continuing to strengthen investment-grade balance sheet, with adjusted net debt below 2019 levelsATLANTA, April 8, 2026 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the March quarter and provided its outlook for the June quarter.  Highlights of the March quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.







"Delta's results underscore the power of our brand and the durability of our financial foundation.  We delivered earnings that were more than 40 percent higher than last year, even with a significant increase in fuel costs and operational disruptions across the industry," said Ed Bastian, Delta's chief executive officer.  "Our results are powered by the Delta people, who will always be our greatest competitive advantage.  In February, we celebrated $1.3 billion in profit-sharing payouts, similar to last year and more than the rest of the industry combined.""Demand remains strong, and we are taking actions to protect our margins and cash flow.  This includes meaningfully reducing capacity growth, with a downward bias until the fuel environment improves, and moving quickly to recapture higher fuel costs.  Delta is best positioned to navigate this environment, with a leading brand, strong financial foundation, and the benefit of our refinery.  In the June quarter, we expect to lead the industry with $1 billion of profit.  And while the recent fuel spike is currently impacting earnings, I'm confident this environment ultimately reinforces Delta's leadership and accelerates long-term earnings power."March Quarter 2026 GAAP Financial ResultsOperating revenue of $15.9 billionOperating income of $501 million with an operating margin of 3.2 percentPre-tax loss of $214 million with a pre-tax margin of (1.4) percentLoss per share of ($0.44)Operating cash flow of $2.4 billionMarch Quarter 2026 Non-GAAP Financial ResultsOperating revenue of $14.2 billionOperating income of $652 million with an operating margin of 4.6 percentPre-tax income of $532 million with a pre-tax margin of 3.7 percentEarnings per share of $0.64Operating cash flow of $2.4 billionFinancial Guidance1
2Q26Total Revenue YoY (%)Up low-teensOperating Margin 6% - 8%Earnings Per Share$1.00 - $1.50
Guidance assumes fuel at the forward curve as of April 2, 2026, and includes a refinery benefit of approximately $300 million.  This results in a projected all-in fuel price of approximately $4.30 per gallon for the second quarter.Revenue Environment and Outlook"Total revenue of $14.2 billion was a March quarter record and nearly 10 percent higher than last year, growing several points above our initial outlook, on broad demand strength across corporate and leisure," said Joe Esposito, Delta's chief commercial officer.  "With continued strength in demand, combined with our actions on capacity reductions and fuel recapture, we expect total revenue growth in the June quarter to be up low-teens on flat capacity over prior year."Record March quarter revenue with broad strength across customer segments, geographies, and products: March quarter total revenue increased 9.4 percent over the same period last year to a record $14.2 billion, led by premium, corporate, and loyalty.  Adjusted total unit revenue (TRASM) grew 8.2 percent over prior year, with a 1.6 point contribution from robust MRO growth.Continued momentum in diverse, high-margin revenue streams: Delta's diversified revenue base represented 62 percent of total revenue and grew mid-teens over prior year.  Premium revenue grew 14 percent compared to the March quarter of 2025.  Loyalty and related revenue increased 13 percent, primarily driven by continued double-digit growth in card spend and an expanding cardholder base.  American Express remuneration of over $2 billion grew 10 percent over prior year.  MRO revenue increased by more than $200 million year-over-year, reflecting significant growth and strong execution by the Delta TechOps team.  Cargo revenue increased 9 percent.Healthy unit revenue improvement across all geographies, with positive inflection in main cabin growth: Domestic unit revenue grew 6 percent year-over-year with strength across all cabins.  International unit revenue grew 5 percent led by Transatlantic, our largest and most profitable international entity.  The March quarter was the first full quarter of positive unit revenue growth in main cabin since the end of 2024, reflecting strong demand and continued supply rationalization.  Delta's main cabin capacity contracted by 3 percent compared to the same period last year, as continued investment in fleet renewal drove premium seat mix higher.Record quarterly corporate sales2 with growth in all sectors: Corporate sales increased double-digits year-over-year in the March quarter, with performance strengthening as the quarter progressed.  All sectors saw positive revenue growth in the quarter, led by Banking, Aerospace & Defense, and Tech.  Corporate demand for premium products was particularly strong.  Recent corporate survey results indicate 85 percent of respondents expect their corporate travel spend will increase or stay the same in the June quarter. Cost Performance and Outlook"Delta delivered record March quarter revenue, with an operating margin of 4.6 percent and earnings of $0.64 per share, within our initial guidance range even with a sharp run up in March fuel prices.  Non-fuel unit costs grew 6 percent over prior year, reflecting lower than planned capacity growth and higher recovery costs.  For the June quarter, we expect non-fuel unit costs to grow at a rate similar to the March quarter, reflecting the impact of our capacity actions and a continuation of higher crew costs," said Dan Janki, Delta's chief operating officer3.  "Improving operational resilience is a top focus and we are confident in delivering improvement in both operational and cost performance in the second half of the year."1 Non-GAAP measures; Refer to Non-GAAP reconciliations for historical comparison figures2 Corporate travel sales represent the revenue from tickets sold to corporate contracted customers, including tickets for travel during and beyond the referenced time period3 Dan Janki served as Delta's chief financial officer through March 31, 2026March Quarter 2026 Cost PerformanceOperating expense of $15.4 billion and adjusted operating expense of $13.5 billionAdjusted non-fuel costs1 of $10.5 billionNon-fuel CASM was 15.13¢, an increase of 6 percent year-over-yearAdjusted fuel expense of $2.6 billion was up 8 percent year-over-yearAdjusted fuel price of $2.62 per gallon increased 7 percent year-over-year with a refinery benefit of 6¢ per gallon Balance Sheet, Cash and Liquidity"Delta's financial strength transcends the industry and positions us to extend our leadership through times of volatility, reinforcing our advantages and improving the long-term earnings power of the business.  Our balance sheet is the best in our history, underpinned by our investment-grade rating at all three credit rating agencies, adjusted net debt below 2019 levels, and a well-laddered maturity profile alongside a substantial base of unencumbered assets and secured borrowing capacity.  In addition, our integrated fuel strategy is a unique differentiator, with the economics of our refinery partially offsetting higher crack spreads.  The refinery is expected to provide a $300 million benefit to the June quarter at current prices." Janki said.Adjusted net debt of $13.5 billion at March quarter end, a reduction of $760 million from the end of 2025Payments on debt and finance lease obligations for the March quarter of $1.6 billionWeighted average interest rate of 4.6 percent with 86 percent fixed rate debt and 14 percent variable rate debtAdjusted operating cash flow in the March quarter of $2.4 billion, and with gross capital expenditures of $1.2 billion, free cash flow was $1.2 billionAir Traffic Liability ended the quarter at $10.7 billionLiquidity* of $8.1 billion at quarter-end, including $3.1 billion in undrawn revolver capacity *Includes cash and cash equivalents, short-term investments and undrawn revolving credit facilities1 Updated definition excludes aircraft fuel and related taxes, third-party refinery sales, MRO expense, and Profit SharingMarch Quarter 2026 HighlightsOperations, Network and FleetNamed North America's most on-time airline by Cirium for the fifth consecutive yearAdvancing fleet modernization with 95 new aircraft orders, including Airbus narrowbody and widebody aircraft, as well as the Boeing 787, supporting aircraft replacement, efficient growth, and margin expansionTook delivery of eight aircraft in the March quarter, including A321neo and A220-300 aircraftDelta TechOps became the first and only North American airline MRO with full overhaul capability across both the LEAP-1A and LEAP-1B enginesAnnounced new daily service between Austin (AUS) and Phoenix (PHX) and expanded service from Austin to Bozeman (BZN) beginning next winter, bringing total destinations serviced from Austin to 30 by December 2026Announced expanded service from Los Angeles (LAX) to Florida starting next winter including Palm Beach (PBI), Tampa (TPA), and Orlando (MCO), all operated on the state-of-the-art A321neoAnnounced new nonstop service between New York-JFK and John Wayne Orange County (SNA) starting May 7, 2026, operated by aircraft equipped with Delta OneCulture and PeopleCelebrated $1.3 billion in profit sharing in February for 2025 performance, more than the rest of the U.S. industry combined, recognizing the outstanding performance of Delta's 100,000+ employees and underpinning Delta's culture of sharing our success with our peopleRanked No. 9 on the Fortune 100 Best Companies to Work For® list, up from No. 15 in 2025 and the only ranked airlineNamed as one of Glassdoor's 2026 top 100 Best Places to Work, making the list for the ninth time, and the only airline recognizedRanked No. 11 on Fortune's list of World's Most Admired Companies for leadership in innovation, resilient leadership and global impactCustomer Experience and LoyaltyDelta will launch Amazon Leo's low Earth orbit satellite technology starting with an initial installation on 500 aircraft beginning in 2028, bringing faster, more personalized digital experiences to customers through the Delta Sync Wi-Fi and seatbackExpanded Delta Sync partnerships, including a new collaboration with The New York Times, enhancing the onboard experience with premium, high-engagement digital content for customersDelta SkyMiles was ranked the world's most valuable airline loyalty program, ahead of all other U.S. airlines, in On Point Loyalty's Top 100 Most Valuable Airline Loyalty Programs 2026 reportAnnounced a multi-year partnership as the Official Airline of Sphere, including the Delta SKY360° Club, Sphere's first branded hospitality space, providing premium experiences to SkyMiles membersOpened a new 13,000 square foot Delta Sky Club at Denver International Airport and reopened newly renovated clubs in Philadelphia and three locations in AtlantaMarch Quarter 2026 ResultsMarch quarter results have been adjusted primarily for third-party refinery sales and gains/losses on investments as described in the reconciliations in Note A.
GAAP$
Change%
Change($ in millions except per share and unit costs)1Q261Q25Operating income501569(68)(12) %Operating margin3.2 %4.0 % (0.8) pts(20) %Pre-tax (loss)/income(214)320(534)NMPre-tax margin(1.4) %2.3 % (3.7) ptsNMNet (loss)/income(289)240(529)NMDiluted (loss)/earnings per share(0.44)0.37(0.81)NMOperating revenue15,85414,0401,81413 %Total revenue per available seat mile (TRASM) (cents)22.9220.532.3912 %Operating expense15,35313,4711,88214 %Cost per available seat mile (CASM) (cents)22.2019.692.5113 %Fuel expense2,7422,41033214 %Average fuel price per gallon2.782.470.3112 %Operating cash flow2,4322,378542 %Capital expenditures1,2001,224(24)(2) %Total debt and finance lease obligations14,16415,823(1,659)(10) %




Adjusted$
Change%
Change($ in millions except per share and unit costs)1Q261Q25Operating income6525846812 %Operating margin4.6 %4.5 % 0.1 pts2 %Pre-tax income53237515742 %Pre-tax margin3.7 %2.9 % 0.8  pts28 %Net income42329113245 %Diluted earnings per share0.640.450.1944 %Operating revenue14,20012,9781,2229.4 %TRASM (cents)20.5318.971.568.2 %Operating expense13,54912,3941,1559 %Non-fuel cost110,4649,7357297 %Non-fuel unit cost (CASM-Ex) (cents)15.1314.230.906 %Fuel expense2,5912,3951968 %Average fuel price per gallon2.622.450.177 %Operating cash flow2,4142,444(30)(1) %Free cash flow1,2271,280(53)(4) %Gross capital expenditures1,1791,1745— %Adjusted net debt13,54016,876(3,336)(20) %
1 Updated definition excludes Aircraft fuel and related taxes, Third-party refinery sales, MRO expense, and Profit SharingAbout Delta Air Lines  Through exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer.   There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.?Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by Cirium for being the top on-time airline in North America for the fifth consecutive year.We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us.Headquartered in Atlanta, Delta operates significant hubs and key markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon and Tokyo.As the leading global airline, Delta's mission to connect the world creates opportunities, fosters understanding and expands horizons by connecting people and communities to each other and to their own potential. A founding member of the SkyTeam alliance and powered by innovative and strategic partnerships throughout the world with Aeromexico, Air France-KLM, China Eastern, Korean Air, LATAM, Virgin Atlantic and WestJet, Delta brings more choice and competition to customers worldwide. Delta's premium product line is elevated by its unique partnership with Wheels Up Experience.Delta is America's most-awarded airline thanks to the dedication, passion and professionalism of its people. In addition to the award from Cirium, Delta has been recognized as the World's Most Admired Airline and one of the Best 100 Companies to Work For according to Fortune; the top carrier for business travelers by Business Travel News; and best U.S. airline by Forbes Travel Guide's Verified Air Travel Awards. In addition, Delta has been named to the Civic 50 by Points of Light as one of the most community minded companies in the U.S.Forward Looking Statements
Statements made in this press release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered "forward-looking statements" under the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements are not guarantees or promised outcomes and should not be construed as such. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments and strategies reflected in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the possible effects of serious accidents involving our aircraft or aircraft of our airline partners; breaches or lapses in the security of technology systems we use and rely on, which could compromise the data stored within them, as well as failure to comply with evolving global privacy and security regulatory obligations or adequately address increasing customer focus on privacy issues and data security; disruptions in our information technology infrastructure; failure of the technology we use or depend on to perform effectively, including new and emerging technologies; increases in the price of aircraft fuel; extended disruptions in the supply of aircraft fuel, including from Monroe Energy, LLC ("Monroe"), our wholly-owned subsidiary that operates the Trainer refinery; failure to achieve expected results or returns from our commercial relationships with airlines in other parts of the world and the investments we have in certain of those airlines; the effects of a significant disruption in the operations or performance of third parties on which we rely; failure to comply with the financial or other covenants in our financing agreements; labor-related disruptions; the effects on our business of seasonality and other factors beyond our control, such as changes in value in our equity investments, severe weather conditions, natural disasters or other environmental events, including from the impact of climate change; failure or inability of insurance to cover a significant liability at Monroe's refinery; failure to comply with existing and future environmental regulations to which Monroe's refinery operations are subject, including those relating to the discharge of materials into the environment, waste management, pollution prevention measures and greenhouse gas emissions; significant damage to our reputation and brand, including from exposure to significant adverse publicity or inability to achieve certain sustainability goals; our ability to retain senior management and other key employees, and to maintain our company culture; disease outbreaks or other public health threats, and measures implemented to combat them; the effects of terrorist attacks, geopolitical conflict or security events; competitive conditions in the airline industry; extended interruptions or disruptions in service at major airports where we operate; significant problems associated with types of aircraft or engines we operate; the effects of extensive regulatory and legal compliance requirements we are subject to; the impact of laws and regulations governing environmental protection, including but not limited to regulation of hazardous substances, increased regulation to reduce emissions and other risks associated with climate change, and the cost of compliance with more stringent environmental regulations; and unfavorable economic or political conditions in the markets in which we operate or volatility in currency exchange rates.Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in our Securities and Exchange Commission (SEC) filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other filings filed with the SEC from time to time. Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of the date of this press release, and which we undertake no obligation to update except to the extent required by law. DELTA AIR LINES, INC.Consolidated Statements of Operations(Unaudited)





Three Months Ended


March 31,

(in millions, except per share data)20262025$ Change% ChangeOperating Revenue:



Passenger$    12,302$    11,480$       8227 %Cargo226208189 %Other3,3262,35297441 %Total operating revenue15,85414,0401,81413 %




Operating Expense:



Salaries and related costs4,5414,08345811 %Aircraft fuel and related taxes2,7422,41033214 %Refinery expense1,6541,06259256 %Contracted services1,1901,121696 %Landing fees and other rents913851627 %Aircraft maintenance materials and outside repairs7096466310 %Regional carrier expense649613366 %Depreciation and amortization635607285 %Passenger commissions and other selling expenses590552387 %Passenger service428430(2)— %MRO expense328140188134 %Profit sharing1651244133 %Aircraft rent14313764 %Other666695(29)(4) %Total operating expense15,35313,4711,88214 %




Operating Income501569(68)(12) %




Non-Operating Expense:



Interest expense, net(151)(179)28(16) %Gain/(loss) on investments, net(550)(40)(510)NMLoss on extinguishment of debt(4)—(4)NMMiscellaneous, net(10)(30)20(67) %Total non-operating expense, net(715)(249)(466)NM




(Loss)/Income Before Income Taxes(214)320(534)NM




Income Tax Provision(75)(80)5(6) %




Net (Loss)/Income$      (289)$       240$      (529)NM




Basic (Loss)/Earnings Per Share$     (0.44)$      0.37

Diluted (Loss)/Earnings Per Share$     (0.44)$      0.37






Basic Weighted Average Shares Outstanding652644

Diluted Weighted Average Shares Outstanding652652







 DELTA AIR LINES, INC.Passenger Revenue(Unaudited)




Three Months Ended

March 31,
(in millions)20262025$ Change% ChangeTicket - Main cabin$    5,404$    5,361$       431 %Ticket - Premium products5,3634,70765614 %Loyalty travel awards1,029940899 %Travel-related services506472347 %Passenger revenue$   12,302$   11,480$      8227 % DELTA AIR LINES, INC.Other Revenue(Unaudited)




Three Months Ended


March 31,

(in millions)20262025$ Change% ChangeRefinery$    1,654$    1,062$      59256 %Loyalty and related1,2211,08213913 %MRO380151229152 %Miscellaneous71571425 %Other revenue$    3,326$    2,352$      97441 % DELTA AIR LINES, INC.Total Revenue(Unaudited)











Increase (Decrease)



1Q26 vs 1Q25Revenue
1Q26 ($M)
ChangeUnit RevenueYieldCapacityDomestic
$          8,717
8 %6 %6 %1 %Atlantic
1,517
11 %7 %6 %3 %Latin America
1,328
— %3 %4 %(3) %Pacific
740
10 %6 %4 %3 %Passenger Revenue
$         12,302
7 %6 %6 %1 %Cargo Revenue
226
9 %


Other Revenue
3,326
41 %


Total Revenue
$         15,854
13 %12 %

       Third Party Refinery Sales
(1,654)




Total Revenue, adjusted
$         14,200
9.4 %8.2 %









 DELTA AIR LINES, INC.Statistical Summary(Unaudited)

Three Months Ended


March 31,


20262025ChangeRevenue passenger miles (millions)56,47055,6781%Available seat miles (millions)69,16368,4011%Passenger mile yield (cents)21.7820.626%Passenger revenue per available seat mile (cents)17.7916.786%Total revenue per available seat mile (cents)22.9220.5312%TRASM, adjusted - see Note A (cents)20.5318.978.2%Cost per available seat mile (cents)22.2019.6913%CASM-Ex  - see Note A (cents)15.1314.236%Passenger load factor81.6 %81.4 %—ptsFuel gallons consumed (millions)9889761%Average price per fuel gallon$      2.78$      2.4712%Average price per fuel gallon, adjusted - see Note A$      2.62$      2.457% DELTA AIR LINES, INC.Consolidated Statements of Cash Flows(Unaudited)
Three Months Ended
March 31,(in millions)20262025Cash Flows From Operating Activities:

Net (loss)/income$            (289)$             240Depreciation and amortization635607(Gain) loss on fair value investments55544Change in receivables(1,254)(410)Changes in air traffic liability3,5842,928Changes in profit sharing(1,166)(1,265)Changes in balance sheet and other, net367234     Net cash provided by operating activities2,4322,378


Cash Flows From Investing Activities:

Property and equipment additions:

Flight equipment, including advance payments(1,000)(987)Ground property and equipment, including technology(200)(237)Acquisition of strategic investments and related(54)—Other, net(9)—     Net cash used in investing activities(1,263)(1,224)


Cash Flows From Financing Activities:

Proceeds from short-term obligations1,250—Payments on debt and finance lease obligations(1,564)(531)Cash dividends(129)(99)Other, net8(4)     Net cash used in financing activities(435)(634)


Net Increase in Cash, Cash Equivalents and Restricted Cash Equivalents734520Cash, cash equivalents and restricted cash equivalents at beginning of period4,5013,421Cash, cash equivalents and restricted cash equivalents at end of period$           5,235$           3,941


The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets to the total of the same such amounts shown above:


Current assets:

     Cash and cash equivalents$           5,053$           3,711     Restricted cash included in prepaid expenses and other14489Other assets:

     Restricted cash included in other noncurrent assets38141Total cash, cash equivalents and restricted cash equivalents$           5,235$           3,941 DELTA AIR LINES, INC.Consolidated Balance Sheets(Unaudited)






March 31,
December 31,(in millions)2026
2025ASSETSCurrent Assets:



Cash and cash equivalents$                5,053
$                4,310
Accounts receivable, net4,090
2,850
Fuel, expendable parts and supplies inventories, net1,767
1,601
Prepaid expenses and other2,753
2,207
     Total current assets13,663
10,968




Noncurrent Assets:



Property and equipment, net40,582
39,743
Operating lease right-of-use assets6,300
6,244
Goodwill9,753
9,753
Identifiable intangibles, net5,964
5,966
Equity investments3,696
4,222
Other noncurrent assets4,473
4,421
     Total noncurrent assets70,768
70,349Total assets$               84,431
$               81,317




LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:



Current maturities of debt and finance leases$                3,088
$                1,605
Current maturities of operating leases837
809
Air traffic liability10,742
7,157
Accounts payable5,969
5,226
Accrued salaries and related benefits3,634
4,906
Loyalty program deferred revenue5,010
4,876
Fuel card obligation1,100
1,100
Other accrued liabilities2,319
1,945
     Total current liabilities32,699
27,624




Noncurrent Liabilities:



Debt and finance leases11,076
12,507
Noncurrent operating leases5,298
5,353
Pension, postretirement and related benefits3,115
3,156
Loyalty program deferred revenue4,448
4,386
Deferred income taxes, net3,496
3,444
Other noncurrent liabilities3,923
3,994
     Total noncurrent liabilities31,356
32,840




Commitments and Contingencies







Stockholders' Equity:20,376
20,853Total liabilities and stockholders' equity$               84,431
$               81,317Note A: The following tables show reconciliations of non-GAAP financial measures. The reasons Delta uses these measures are described below. Reconciliations may not calculate exactly due to rounding.Delta sometimes uses information ("non-GAAP financial measures") that is derived from the Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. ("GAAP"). Under the Securities and Exchange Commission rules, non-GAAP financial measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. The tables below show reconciliations of non-GAAP financial measures used in this release to the most directly comparable GAAP financial measures.Forward Looking Projections. Delta is not able to reconcile forward looking non-GAAP financial measures without unreasonable effort because the adjusting items such as those used in the reconciliations below will not be known until the end of the period and could be significant.Adjustments. These reconciliations include certain adjustments to GAAP measures that are made to provide comparability between the reported periods, if applicable, and for the reasons indicated below:Third-party refinery sales. Refinery sales to third parties, and related expenses, are not related to our airline segment. Excluding these sales therefore provides a more meaningful comparison of our airline operations to the rest of the airline industry.MTM adjustments and settlements on hedges. Mark-to-market ("MTM") adjustments are defined as fair value changes recorded in periods other than the settlement period. MTM fair value changes are not necessarily indicative of the actual settlement value of the underlying hedge in the contract settlement period, and therefore we remove this impact to allow investors to better understand and analyze our core performance. Settlements represent cash received or paid on hedge contracts closed (i.e., settled) during the applicable period. With respect to hedges related to Monroe's inventory, settlements often occur before the related refinery inventory is sold. Beginning with the March 2026 quarter, settlement gains and losses related to Monroe's inventory that remains on-hand at period end are excluded from our adjusted results. These settlement gains and losses will be reflected in adjusted results during the period the inventory is sold. This change was made to match the timing of expense and revenue recognition and we have similarly adjusted the presentation of reconciliations for prior periods included here.MTM adjustments on investments. Unrealized MTM gains/losses result from our equity investments that are accounted for at fair value in non-operating expense. The gains/losses are driven by changes in stock prices, foreign currency fluctuations and other valuation techniques for investments in certain companies, particularly those without publicly-traded shares. Adjusting for these gains/losses allows investors to better understand and analyze our core operational performance in the periods shown.Loss on extinguishment of debt. This adjustment relates to early termination of a portion of our debt. Adjusting for these losses allows investors to better understand and analyze our core operational performance in the periods shown.Realized gain on sale of investments. This adjustment relates to gains on the sale of investments generated in adjusted results that had previously been included in GAAP results through MTM adjustments. Adjusting for this gain allows investors to better understand and analyze our core operational performance in the periods shown.Operating Revenue, adjusted and Total Revenue Per Available Seat Mile ("TRASM"), adjusted

Three Months Ended
1Q26 vs 1Q25
% Change(in millions)March 31, 2026June 30, 2025March 31, 2025
Operating revenue$               15,854$             16,648$               14,040

Adjusted for:




Third-party refinery sales(1,654)(1,141)(1,062)

Operating revenue, adjusted$               14,200$             15,507$               12,978
9.4 % 
Three Months Ended
% Change
March 31, 2026March 31, 2025
TRASM (cents)22.9220.53

Adjusted for:



Third-party refinery sales(2.39)(1.55)

TRASM, adjusted20.5318.97
8.2 % Operating Income, adjusted

Three Months Ended(in millions)March 31, 2026March 31, 2025Operating income$                  501$                  569Adjusted for:

MTM adjustments and settlements on hedges15115Operating income, adjusted$                  652$                  584 Operating Margin, adjusted

Three Months Ended
March 31, 2026March 31, 2025Operating margin3.2 %4.0 %Adjusted for:

Third-party refinery sales0.50.3MTM adjustments and settlements on hedges0.90.1Operating margin, adjusted4.6 %4.5 % Pre-Tax (Loss)/Income, Net (Loss)/Income, and Diluted (Loss)/Earnings per Share, adjusted

Three Months Ended
Three Months Ended
March 31, 2026
March 31, 2026
Pre-TaxIncomeNet
(Loss)/Earnings(in millions, except per share data)(Loss)/IncomeTax(Loss)/Income
Per Diluted ShareGAAP$            (214)$             (75)$            (289)
$               (0.44)Adjusted for:




MTM adjustments on investments550



MTM adjustments and settlements on hedges151



Loss on extinguishment of debt4



Realized gain on sale of investments40



Non-GAAP$             532$            (109)$             423
$                0.64


% Change
44 %






Three Months Ended
Three Months Ended
March 31, 2025
March 31, 2025
Pre-TaxIncomeNet
Earnings(in millions, except per share data)IncomeTaxIncome
Per Diluted ShareGAAP$             320$             (80)$             240
$                0.37Adjusted for:




MTM adjustments on investments40



MTM adjustments and settlements on hedges15



Non-GAAP$             375$             (84)$             291
$                0.45 Pre-Tax Margin, adjusted

Three Months Ended
March 31, 2026March 31, 2025Pre-tax margin(1.4) %2.3 %Adjusted for:

Third-party refinery sales0.40.2MTM adjustments on investments3.50.3MTM adjustments and settlements on hedges0.90.1Realized gain on sale of investments0.3—Pre-tax margin, adjusted3.7 %2.9 %Operating Cash Flow, adjusted. We present operating cash flow, adjusted because management believes adjusting for the following item provides a more meaningful measure for investors:Net cash flows related to certain airport construction projects and other. Cash flows related to certain airport construction projects are included in our GAAP operating activities. We adjust for these items, which were primarily funded by cash restricted for airport construction, to provide investors a better understanding of the company's operating cash flow that is core to our operations in the periods shown.

Three Months Ended(in millions)March 31, 2026March 31, 2025Net cash provided by operating activities$                2,432$                2,378Adjusted for:

Net cash flows related to certain airport construction projects and other(17)66Operating cash flow, adjusted$                2,414$                2,444 Operating revenue, adjusted related to premium products and diverse revenue streams

Three Months Ended
% Change(in millions)March 31, 2026March 31, 2025
Operating revenue$             15,854$             14,040

Adjusted for:



     Third-party refinery sales(1,654)(1,062)

Operating revenue, adjusted$             14,200$             12,978

Less: main cabin revenue(5,404)(5,361)

Operating revenue, adjusted related to premium products and diverse revenue streams$              8,796$              7,617
15 %Percent of operating revenue, adjusted related to premium products and diverse revenue streams62 %59 %

Adjusted Non-Fuel Cost and Non-Fuel Unit Cost or Cost per Available Seat Mile, ("CASM-Ex")We adjust operating expense and CASM for certain items described above, as well as the following items and reasons described below:Aircraft fuel and related taxes. The volatility in fuel prices impacts the comparability of year-over-year financial performance. The adjustment for aircraft fuel and related taxes allows investors to better understand and analyze our non-fuel costs and year-over-year financial performance.Profit sharing. We adjust for profit sharing because this adjustment allows investors to better understand and analyze our recurring cost performance and provides a more meaningful comparison of our core operating costs to the airline industry.MRO expense. We adjust for MRO expenses because this adjustment allows investors to better understand and analyze the airline's recurring cost performance and provides a more meaningful comparison of our core operating costs to the airline industry.
Three Months Ended(in millions)March 31, 2026March 31, 2025Operating expense$               15,353$               13,471Adjusted for:

Aircraft fuel and related taxes(2,742)(2,410)Third-party refinery sales(1,654)(1,062)MRO expense(328)(140)Profit sharing(165)(124)Non-Fuel Cost$               10,464$                9,735 
Three Months Ended
1Q26 vs 1Q25
% Change
March 31, 2026June 30, 2025March 31, 2025
CASM (cents)22.2018.7319.69

Adjusted for:




Aircraft fuel and related taxes(3.96)(3.17)(3.52)

Third-party refinery sales(2.39)(1.47)(1.55)

MRO expense(0.47)(0.29)(0.20)

Profit sharing(0.24)(0.61)(0.18)

CASM-Ex15.1313.2014.23
6 % Operating Expense, adjusted
Three Months Ended(in millions)March 31, 2026March 31, 2025Operating expense$               15,353$               13,471Adjusted for:

Third-party refinery sales(1,654)(1,062)MTM adjustments and settlements on hedges(151)(15)Operating expense, adjusted$               13,549$               12,394 Total fuel expense, adjusted and Average fuel price per gallon, adjusted





Average Price Per Gallon


Three Months Ended


Three Months Ended


March 31,March 31,
% Change
March 31,March 31,
% Change(in millions, except per gallon data)20262025

20262025
Total fuel expense$        2,742$        2,410


$          2.78$          2.47

Adjusted for:








MTM adjustments and settlements on hedges(151)(15)


(0.15)(0.02)

Total fuel expense, adjusted$        2,591$        2,395
8 %
$          2.62$          2.45
7 %Adjusted Net Debt. We use adjusted gross debt, including fleet operating lease liabilities (comprised of aircraft and engine leases and regional aircraft leases embedded within our capacity purchase agreements) and unfunded pension liabilities (if applicable), in addition to adjusted debt and finance leases, to present estimated financial obligations. We reduce adjusted total debt by cash, cash equivalents, and LGA restricted cash, resulting in adjusted net debt, to present the amount of assets needed to satisfy the debt. Management believes this metric is helpful to investors in assessing the company's overall debt profile.(in millions)March 31, 2026December 31,
2025March 31, 2025December 31,
2019
1Q26 vs 4Q25
$ ChangeDebt and finance lease obligations$            14,164$            14,113$            15,823$            11,160

Plus: sale-leaseback financing liabilities1,7641,7791,821—

Plus: unamortized discount/(premium) and debt issue cost, net and other(11)(6)16(115)

Adjusted debt and finance lease obligations$            15,916$            15,885$            17,660$            11,044

Plus: fleet operating lease liabilities 2,7152,7803,0673,992

Plus: unfunded pension liabilities———5,353

Adjusted gross debt$            18,631$            18,665$            20,728$            20,390

Less: cash and cash equivalents(5,053)(4,310)(3,711)(2,882)

Less: LGA restricted cash(38)(56)(141)(636)

Adjusted net debt$            13,540$            14,300$            16,876$            16,871
$         (760)Gross Capital Expenditures. We adjust capital expenditures for the following item to determine gross capital expenditures for the reason described below:Net cash flows related to certain airport construction projects. Cash flows related to certain airport construction projects are included in capital expenditures. We adjust for these items because management believes investors should be informed that a portion of these capital expenditures from airport construction projects are either funded with restricted cash specific to these projects or reimbursed by a third party.
Three Months Ended(in millions)March 31, 2026March 31, 2025Flight equipment, including advance payments$                1,000$                  987Ground property and equipment, including technology200237Adjusted for:

Net cash flows related to certain airport construction projects(21)(50)Gross capital expenditures$                1,179$                1,174Free Cash Flow. We present free cash flow because management believes this metric is helpful to investors to evaluate the company's ability to generate cash that is available for use for debt service or general corporate initiatives. Free cash flow is also used internally as a component of our incentive compensation programs. Free cash flow is defined as net cash from operating activities and net cash from investing activities, adjusted for (i) pension plan contributions, (ii) net cash flows related to certain airport construction projects and other and (iii) strategic investments and related. These adjustments are made for the following reasons:Pension plan contributions. Cash flows related to pension funding are included in our GAAP operating activities. We adjust to exclude these contributions to allow investors to understand the cash flows related to our core operations.Net cash flows related to certain airport construction projects and other. Cash flows related to certain airport construction projects are included in our GAAP operating activities and capital expenditures. We have adjusted for these items, which were primarily funded by cash restricted for airport construction, to provide investors a better understanding of the company's free cash flow and capital expenditures that are core to our operations in the periods shown.Strategic investments and related. Certain cash flows related to our investments in and related transactions with other airlines and associated companies are included in our GAAP investing activities. We adjust for this activity because it provides a more meaningful comparison to our airline industry peers.
Three Months Ended(in millions)March 31, 2026March 31, 2025Net cash provided by operating activities$                         2,432$                         2,378Net cash used in investing activities(1,263)(1,224)Adjusted for:

Pension plan contributions110Net cash flows related to certain airport construction projects and other4116Strategic investments and related54—Free cash flow$                         1,227$                         1,280 



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Original: Delta Air Lines Announces March Quarter 2026 Financial Results

Delta increases checked baggage fees amid rising fuel costsApril 7, 2026 9:38 AM
IH Market News
Delta Air Lines (NYSE:DAL) said Tuesday it will raise fees for checked baggage on domestic flights and certain short-haul international routes, as carriers seek to manage higher jet fuel costs tied to escalating tensions in the Middle East.The move marks Delta’s first increase in domestic baggage fees in two years and comes after similar pricing adjustments by United Airlines (NASDAQ:UAL) and JetBlue Airways (NASDAQ:JBLU).Airlines globally have been grappling with a sharp rise in fuel prices, which has pushed operating expenses higher and pressured profit margins. The surge in energy costs follows disruptions linked to tensions in the Middle East that have affected traffic through the Strait of Hormuz, a major global oil transit route.Delta said that for tickets purchased on or after Wednesday, the fee for the first and second checked bags will rise by $10 each, while the cost of checking a third bag will increase by $50.Under the new pricing, the first checked bag will cost $45, the second $55, and the third bag $200.Delta Airlines stock priceUnited Airlines stock priceJetBlue Airways stock price

Original: Delta increases checked baggage fees amid rising fuel costs

Delta selects Amazon’s LEO network for in-flight Wi-Fi, dealing blow to StarlinkMarch 31, 2026 10:43 AM
IH Market News
Delta Air Lines Inc. (NYSE:DAL) has reached an agreement with Amazon.com Inc. (NASDAQ:AMZN) to use the company’s low-Earth orbit satellite service for onboard Wi-Fi, handing Amazon’s space venture a notable aviation customer as it competes with SpaceX’s Starlink.Delta said Tuesday the connectivity system will be installed on 500 aircraft starting in 2028, initially focusing on domestic narrow-body jets from Boeing and Airbus.Amazon’s LEO (low Earth orbit) satellite network is designed to deliver faster and more stable internet connections, enabling passengers to stream video and send messages during flights. Chris Weber, vice president of Amazon Leo, said the improved speeds come from satellites orbiting closer to Earth than traditional systems.“I think of the high-speed, reliable connectivity of the planes as foundation, and Delta will build some very unique experiences on top of that,” Weber said.Weber added that Amazon Leo is continuing to expand its satellite constellation, with around 200 satellites already in orbit and hundreds more prepared for launch.Airlines have increasingly been upgrading onboard connectivity, often offering free high-speed Wi-Fi to loyalty program members as they compete to attract passengers. Some carriers are also exploring ways to generate revenue from onboard connectivity through targeted advertising and potential e-commerce features.American Airlines is reportedly evaluating a return of seat-back screens on its narrow-body aircraft and may use either SpaceX’s Starlink or Amazon Leo, potentially paired with Amazon Prime entertainment content, according to CNBC. A decision could come as soon as next month.Starlink currently operates more than 9,000 satellites in low-Earth orbit and has been rapidly expanding its presence in the aviation sector. Airlines including United Airlines and Hawaiian Airlines have recently begun using Starlink Wi-Fi onboard, while British Airways, Air France and Emirates have also agreed to adopt the service.Prior to the Delta deal, JetBlue Airways was Amazon’s only airline partner for in-flight Wi-Fi services.Delta Airlines stock priceAmazon stock price

Original: Delta selects Amazon’s LEO network for in-flight Wi-Fi, dealing blow to Starlink

Airline stocks jump as oil falls after Trump delays Iran strikesMarch 23, 2026 10:02 AM
IH Market News
Shares of major U.S. airlines moved sharply higher on Monday as crude oil prices declined after President Donald Trump announced that planned strikes on Iranian energy facilities would be delayed by five days.In pre-market trading, American Airlines (NASDAQ:AAL) rose 4.3%, while United Airlines (NASDAQ:UAL) gained 3.9%. Delta Air Lines (NYSE:DAL) advanced 3.6%, JetBlue (NASDAQ:JBLU) climbed 3.2%, and Southwest Airlines (NYSE:LUV) increased 3.8% shortly before 8 a.m. on Monday.Trump said in a Truth Social post early Monday that he had instructed the Department of War to postpone the strikes following discussions between the United States and Iran over the past two days.“I am pleased to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East,” Trump wrote. “Based on the tenor and tone of these in depth, detailed, and constructive conversations, which will continue throughout the week, I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period, subject to the success of the ongoing meetings and discussions.”Oil prices reacted immediately to the announcement, falling from above $98 per barrel to below $85 within minutes. Prices later recovered some losses and were trading above $92, still about 6.6% lower on the day.On Saturday, Trump had warned that the United States would target Iran’s power plants if Tehran failed to fully reopen the Strait of Hormuz within 48 hours. The threat came just one day after he spoke about winding down the conflict, which has now entered its fourth week.American Airlines stock priceUnited Airlines stock priceDelta Airlines stock priceJetBlue Airways stock priceSouthwest Airlines stock price

Original: Airline stocks jump as oil falls after Trump delays Iran strikes

Delta Air Lines Announces Webcast of March Quarter 2026 Financial ResultsMarch 19, 2026 11:00 AM
PR Newswire (US)

ATLANTA, March 19, 2026 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will hold a live conference call and webcast to discuss its March quarter 2026 financial results at 10 a.m. ET, Wednesday, April 8, 2026.







A live webcast of this event will be available at ir.delta.com and an online replay will be available shortly after the webcast is complete.About Delta Air LinesNo one better connects the worldThrough exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer.    There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.?Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by J.D. Power in 2025 year for being No. 1 in Premium Economy Passenger Satisfaction. The airline also was recognized as the top U.S. airline by the Wall Street Journal and as North America's most on-time?airline?in 2025 from Cirium.We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us.  



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Original: Delta Air Lines Announces Webcast of March Quarter 2026 Financial Results

Delta Air Lines shares climb in premarket after higher Q1 revenue outlookMarch 17, 2026 9:43 AM
IH Market News
Delta Air Lines (NYSE:DAL) shares gained about 4.6% in premarket trading Monday after the airline lifted its revenue outlook for the first quarter.The carrier now anticipates revenue growth in the high-single-digit range for the quarter, compared with its earlier forecast of 5% to 7% growth. Delta added that it still expects earnings to fall within the range previously provided.The airline said capacity growth during the quarter was affected by winter storms. According to company presentation materials, non-fuel unit costs for the March quarter are projected to increase at a mid-single-digit pace year over year, reflecting reduced capacity and higher operating expenses.Delta Airlines stock price

Original: Delta Air Lines shares climb in premarket after higher Q1 revenue outlook

Delta Air Lines to Present at the J.P. Morgan Industrials ConferenceMarch 10, 2026 5:11 PM
PR Newswire (US)

ATLANTA, March 10, 2026 /PRNewswire/ -- Delta Air Lines (NYSE:DAL) will present at the J.P. Morgan Industrials Conference at 7:30 a.m. ET on Tuesday, March 17th, 2026.







A live webcast of this event will be available at ir.delta.com and an online replay will be available shortly after the webcast is complete.About Delta Air LinesNo one better connects the worldThrough exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer. There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.?Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by J.D. Power in 2025 year for being No. 1 in Premium Economy Passenger Satisfaction. The airline also was recognized as the top U.S. airline by the Wall Street Journal and as North America's most on-time?airline?in 2025 from Cirium.We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us. 



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Original: Delta Air Lines to Present at the J.P. Morgan Industrials Conference

Hands In and UATP Announce Global Partnership to Transform Airline Payments WorldwideMarch 10, 2026 10:39 AM
PR Newswire (US)

Partnership Brings Split Payments to the Travel Industry via UATP's Ceptor® PlatformLONDON and WASHINGTON, March 10, 2026 /PRNewswire/ -- Hands In, the UK-based split payment solutions provider and UATP, the global network that helps organizations simplify payments and expand their payment options, today announced a strategic partnership allowing airlines to activate Hands In's proprietary split payments API to combine multiple cards, payers, and payment methods for one payment.
The collaboration brings together UATP's position as a leader in aviation payments infrastructure with Hands In's rapidly adopted split payment functionality helping airlines      modernize checkout without disrupting their current payment architecture.  Across travel and other high-value commerce sectors, these capabilities help merchants recover transactions that would otherwise be lost due to insufficient funds or card limits while enabling larger purchases and shared bookings.   Samuel Flynn, CEO of Hands In, stated, "Airlines do not want another complex integration. They want functionality that works within their existing infrastructure. By embedding directly into UATP's Ceptor, Hands In is making split payments that combine multiple cards, payers, and methods accessible at a global scale, not only from an enablement perspective but also reconciliation, which is the major challenge for airlines accepting split payments today."Through this partnership, airlines across the globe will be able to offer travelers the ability to split the cost of flights and ancillary services between cards and payment methods, directly at checkout, without needing internal development for this functionality. "UATP continues to lead in payments innovation. Integrating Hands In into the Ceptor platform allows us to offer airlines enhanced flexibility to travellers at checkout while preserving the integrity and reliability of our Network," stated Ralph Kaiser, President and CEO of UATP.As demand for flexible payment options continues to rise, particularly for higher-value travel purchases, this collaboration empowers airlines to increase conversion and approval rates, grow ancillary revenue, and improve customer satisfaction. Passengers benefit from greater financial flexibility and transparency, while airlines maintain full control over the customer experience within their own branded environment.As airlines continue to innovate in retailing and digital transformation, this partnership sets a new standard for flexible, customer-centric payment experiences in the aviation sector.For more information, visit https://www.handsin.com/ and uatp.comUATP media contact:   Wendy Ward, wward@uatp.comHands In media contact:  hafsa@handsin.comAbout Hands InHands In is a UK-based payment solutions company specializing in split payment enablement, which combines multiple cards, payment methods, and payers into one payment for the travel industry.  Founded in 2022, Hands In enables merchants to unlock incremental revenue from adding new sales at checkout and recovering payment declines without changing their existing payment stack.  Learn More: https://www.handsin.com/About UATPUATP is one of the largest global and most secure closed-loop networks, simplifying payments in complex industries. We make it easy for businesses to make or accept any type of payment; open new markets, drive growth, and reduce costs for Issuers, Merchants, vendors, agents, aggregators, and more. UATP is continually innovating to connect companies to new forms of payment (AFPs), and our easy-to-use data tools, DataStream® and DataMine®, provide comprehensive account details to Issuers and Corporate Account Holders. Our team has decades of experience with the ever-changing payments landscape, and our reliable and proven technology ensures our global customers get more from every payment experience. Learn more at uatp.com.Accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies, and Amtrak®; UATP accounts are issued by: Aeromexico; AERTiCKET; Air Canada (TSE: AC); Air China; Air New Zealand (ANZFF.PK); Air Niugini; AirPlus International a wholly owned subsidiary of SEB Kort; Akbar Travels; American Airlines (NASDAQ: AAL); APG Airlines; APG Pay; Austrian Airlines; BCD Travel; China Eastern Airlines (NYSE: CEA); ConnexPay; Delta Air Lines (NYSE: DAL); EL AL Israel Airlines; Ethiopian Airlines; Etihad Airways; Fareportal; Flight Centre Travel Group; Frontier Airlines; GOL Linhas Aereas inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4); Hahn Air; High Point Travel; Hopper; Japan Airlines (9201:JP); JetBlue Airways; LATAM Airlines; MakeMyTrip; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan Airlines; Southwest Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines (ISE: THYAO); United Airlines (NASDAQ: UAL); Wego; WestJet; Wings Global Travel and W2 by GO7.Logo - https://mma.prnewswire.com/media/75542/UNIVERSAL_AIR_TRAVEL_PLAN_LOGO.jpg 



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Original: Hands In and UATP Announce Global Partnership to Transform Airline Payments Worldwide

Airline and cruise stocks slide as oil spike rattles travel sectorMarch 9, 2026 11:45 AM
IH Market News
Shares of major airlines and cruise operators fell sharply on Monday as surging oil prices triggered a selloff in travel-related stocks.United Airlines (NASDAQ:UAL) dropped 6%, while American Airlines (NASDAQ:AAL) fell 5%. Delta Air Lines (NYSE:DAL) declined 4.5% and Southwest Airlines (NYSE:LUV) slipped 3.8%, as investors reacted to the sharp rise in crude prices.Oil jumped roughly 20% in early Monday trading, reaching its highest levels since July 2022. The surge followed an escalation in the U.S.-Israeli conflict with Iran, which has prompted some Middle Eastern producers to curb supply and raised concerns about potential disruptions to tanker traffic through the Strait of Hormuz.Cruise operators also came under pressure. Carnival (NYSE:CCL) fell 7%, Royal Caribbean (NYSE:RCL) dropped 6.6%, and Norwegian Cruise Line (NYSE:NCLH) declined 6%.Deutsche Bank warned on Friday that the spike in oil prices could pose a serious threat to the airline industry. The firm noted that the sector suffered significant financial damage during the 2005 fuel price surge, when Delta Air Lines and Northwest Airlines were forced to file for bankruptcy.“Absent near-term relief, airlines around the world could be forced to ground” thousands of aircraft as a result of the Iran war, analyst Michael Linenberg wrote in a note. “Some of the industry’s financially weakest carriers could halt operations.”Although U.S. airlines are largely shielded from the direct travel disruptions affecting the Middle East, jet fuel accounts for as much as 30% of their operating costs, leaving them highly sensitive to fluctuations in oil prices.Analysts say that if the conflict persists, elevated oil prices could continue to weigh on airline profitability and the broader travel sector.United Airlines stock priceAmerican Airlines stock priceDelta Airlines stock priceSouthwest Airlines stock priceCarnival Corporation stock priceRoyal Caribbean stock priceRoyal Caribbean stock price

Original: Airline and cruise stocks slide as oil spike rattles travel sector

UATP Partners with MICA to Bring Credential-less Multi-Tender Payment Solution to MerchantsFebruary 19, 2026 10:24 AM
PR Newswire (US)

Solution gives merchants greater payment flexibility and streamlined operations at the network level, powered by Mica's patented technology.WASHINGTON and AUSTIN, Texas, Feb. 19, 2026 /PRNewswire/ -- UATP, the global network that helps organizations simplify payments and expand their payment options, has partnered with credential-less payments infrastructure provider Mica to launch multi-tender payment capabilities for merchants. Powered by Mica's patented payment technology and delivered through UATP's global payment platform, the new network solution enables merchants to intelligently allocate a single booking across multiple payment types in one transaction, while keeping settlement and reconciliation streamlined.







The solution brings together multi-tender orchestration, card authentication, intelligent payment routing, processing and automated reconciliation within a single, network-level payment flow. Merchants can combine cards, account-to-account payments, vouchers, coupons, loyalty currencies, and other stored-value instruments in one transaction, improving booking allocation and simplifying back-office operations.The multi-tender payment solution incorporates patented credential-less tokenization and payment technology, which eliminates stored credentials entirely, removing a primary target for fraud and account takeover attacks. Unlike traditional tokenization, this approach generates ephemeral, single-use keys that cannot be intercepted or reused, enabling secure and flexible payment experiences across channels. This expands UATP's Ceptor capabilities to all channels including in-store, in-airport and in-flight purchases. The partnership solves a growing demand for payment optimization across retail and travel verticals alike. By operating at the network-level, UATP gives merchants a way to modernize their payment stack without disrupting existing acquiring, gateway, or settlement relationships."Merchants want to expand payment choice without adding complexity or cost," said Ralph Kaiser, President and CEO of UATP. "Our proven infrastructure, combined with Mica's technology, helps merchants adopt new payment models efficiently, even in the most complex business environments. By delivering multi-tender and credential-less capabilities as a network solution, we enable merchants to orchestrate multiple forms of payment within a single transaction, while keeping settlement, reporting, and reconciliation fully streamlined across the UATP platform."The rule-based network capabilities allow merchants to decide how to allocate a basket total across various tenders, such as loyalty currencies, stored value, or alternative methods, before routing any remaining balance through card or account-based rails. With this flexibility, merchants can accept a broad range of payment forms, including stablecoin, account-to-account transfers, and traditional methods, all through a single platform optimized for online, in-app, and in-person use."Merchants have been forced to choose between payment flexibility and fraud protection. With Mica's credential-less tokenization and multi-tender payments technology now available through UATP's global network, they no longer must compromise. We are eliminating credential exposure that fuels massive payment fraud, with a more powerful payment experience with multi-tender orchestration, something legacy payment systems simply cannot deliver." said Mike Ward, CEO of Mica.Because the capabilities are delivered through UATP's network, merchants maintain their existing acquiring, gateway, and settlement relationships while gaining access to new multi-tender orchestration and credential-less tokenization and payment technology. The solution will help drive payment innovation across the ecosystem as multi-tender adoption grows.Media Contacts:
UATP: Wendy Ward, CMO, UATP, wward@uatp.com
Mica: Christopher Loughlin, CGO, Mica, christopher.loughlin@mica.ioAbout UATP
UATP is one of the largest global and most secure closed-loop networks, simplifying payments in complex industries. We make it easy for businesses to make or accept any type of payment; open new markets, drive growth, and reduce costs for Issuers, Merchants, vendors, agents, aggregators, and more. UATP is continually innovating to connect companies to new forms of payment (AFPs), and our easy-to-use data tools, DataStream® and DataMine®, provide comprehensive account details to Issuers and Corporate Account Holders. Our team has decades of experience with the ever-changing payments landscape, and our reliable and proven technology ensures our global customers get more from every payment experience. Learn more at uatp.com.Accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies, and Amtrak®; UATP accounts are issued by: Aeromexico; AERTiCKET; Air Canada (TSE: AC); Air China; Air New Zealand (ANZFF.PK); Air Niugini; AirPlus International a wholly owned subsidiary of SEB Kort; Akbar Travels; American Airlines (NASDAQ: AAL); APG Airlines; APG Pay; Austrian Airlines; BCD Travel; China Eastern Airlines (NYSE: CEA); ConnexPay; Delta Air Lines (NYSE: DAL); EL AL Israel Airlines; Ethiopian Airlines; Etihad Airways; Fareportal; Flight Centre Travel Group; Frontier Airlines; GOL Linhas Aereas inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4); Hahn Air; High Point Travel; Hopper; Japan Airlines (9201:JP); JetBlue Airways; LATAM Airlines; MakeMyTrip; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan Airlines; Southwest Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines (ISE: THYAO); United Airlines (NASDAQ: UAL); Wego; WestJet; Wings Global Travel and W2 by GO7.About MicaMica is building the infrastructure for how commerce moves value. Designed as modern payment infrastructure at the network layer, Mica can dramatically enhance or replace legacy card-based rails with a credential-less, multi-tender transaction model built for the realities of digital and physical commerce. The platform enables secure, flexible transactions across channels while preserving existing acquiring, gateway, and settlement relationships—allowing merchants and networks to modernize without disruption.Mica offers patented credential-less tokenization and payment services extensible via APIs. Within a single payment rail Mica can support on-line, in-app, P2P and in-store use cases across any form of value; debit, credit, loyalty, crypto, closed loop, stablecoins, etc. By removing structural constraints embedded in traditional payment systems—rigid tender models, credential exposure, and operational friction—Mica gives merchants, networks, and platforms the ability to orchestrate how value is exchanged with greater intelligence, control, and scale. Learn more at www.mica.io.



View original content to download multimedia:https://www.prnewswire.com/news-releases/uatp-partners-with-mica-to-bring-credential-less-multi-tender-payment-solution-to-merchants-302692752.htmlSOURCE UATP

Original: UATP Partners with MICA to Bring Credential-less Multi-Tender Payment Solution to Merchants

🇮🇪 How Much Money Ireland Is Losing From Tourism Right Now
Ireland hasn’t fully recovered its pre-pandemic tourism strength, and that gap is costing the country hundreds of millions of euros each year.

➡️ Ireland is currently losing an estimated €700 million–€1 billion annually in tourism revenue compared to 2019 levels.
That shortfall comes from:

fewer long-haul visitors (especially from the U.S. and Asia)

higher travel costs

reduced air capacity

slower recovery in business travel

weaker spending per visitor

Ireland’s tourism economy is heavily dependent on international arrivals, so even a modest drop hits hard. $DAL

Delta Air Lines Declares Quarterly DividendFebruary 4, 2026 4:30 PM
PR Newswire (US)

ATLANTA, Feb. 4, 2026 /PRNewswire/ -- Delta Air Lines' (NYSE:DAL) Board of Directors today declared a quarterly dividend of $0.1875 per share. The dividend is payable to shareholders of record as of the close of business on February 26, 2026, and will be paid on March 19, 2026. 







About DeltaNo one better connects the worldThrough exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer.There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.Delta served more than 200 million customers in 2025 – safely, reliably and with industry-leading customer service innovation – and was recognized by J.D. Power in 2025 for being No. 1 in Premium Economy Passenger Satisfaction. The airline was also recognized as North America's most on-time airline in 2025 by Cirium.We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people's genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us.



View original content to download multimedia:https://www.prnewswire.com/news-releases/delta-air-lines-declares-quarterly-dividend-302679467.htmlSOURCE Delta Air Lines

Original: Delta Air Lines Declares Quarterly Dividend

American Airlines CEO Isom Faces Growing Pilot Backlash After Underwhelming PerformanceFebruary 4, 2026 8:15 AM
IH Market News
American Airlines Group Inc. (NASDAQ:AAL) CEO Robert Isom is coming under increasing scrutiny from the carrier’s pilots, who argue that his leadership has left the airline lagging behind rivals Delta Air Lines Inc. (NYSE:DAL) and United Airlines Holdings Inc. (NASDAQ:UAL) in terms of profitability.The Allied Pilots Association (APA), which represents roughly 16,000 pilots at American, is weighing a potential vote of no confidence in Isom and the broader executive team. Such a vote could take place as soon as Friday, according to APA spokesperson Dennis Tajer.In a message circulated to union members late Monday, APA President Nick Silva delivered a pointed assessment of management, writing: “The company under this management team appears to lack the tools, creativity, leadership and willpower to return American to prominence among its peers.”The possible no-confidence vote follows what the union described as insufficient operational readiness ahead of last month’s winter storm, as well as continued frustration over the airline’s recent financial results.American Airlines’ shares have fallen 8.6% since the start of 2026, trailing the performance of both United and Delta. The decline extends a broader slump after the stock dropped 12% in 2025, fueling investor concerns over whether current leadership—particularly Isom—can engineer a sustained turnaround.Isom has led American as CEO since March 2022, after serving as president for nearly six years. During the company’s most recent earnings call, he pushed back against criticism of the airline’s financial health, telling investors: “Our balance sheet is the strongest it’s been in years.”American Airlines stock priceDelta Airlines stock priceUnited Airlines stock price

Original: American Airlines CEO Isom Faces Growing Pilot Backlash After Underwhelming Performance

What a hit airlines going to take .. tourists and business travelers to post refundable bonds of $5,000, $10,000, or up to $15,000 to enter the United States. The program, set to take effect on August 20,

$DAL Continues its RACIST DEI Program

DAL, new 52 week low

How Big Tech Failed DEI https://www.forbes.com/sites/allysonkapin/2025/01/20/how-big-tech-failed-dei/ $DAL

$DAL Delta Air Lines SVP sells shares worth $447,284

Delta Air Lines, Inc. $DAL Total Debt (mrq) $25.49B has dwindling cash supplies

~bought 1/17 $75 calls @.04c... les see some mo upside on Monday 

Nice run take profits $67 whilemost of the market red 

$DAL Book value $21 and $45 overbought

Delta Air Lines, Inc. $DAL Total Debt (mrq) $25.49B

~sold my 1/17 $72 calls @.62c :) :) :) 

~bought 1/17 $72 calls @.11c

DAL, new 52/week high

Loving my DAL

DAL anew 52 week high

Happy with my DAL

DAL 10Q due 10 October

Dude… Delta’s new diversity hire wants to do away with “ladies and gentlemen” language. I’m going to short this pig into oblivion!

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DAL 10Q expected JULY11