DAL · Delta Air Lines, Inc.

Track DAL — free

$78.18 -1.89 (-2.36%)

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$52.66B

657.62M

Up next

Next earnings call

Oct 10, 2026 Est · unconfirmed · in 6 wks

FQ3-26 quarter ends

~Sep 30, 2026 Est

Latest filing: 10-Q

filed Jul 10, 2026

AI Brief

TL;DR.

Bullish

Bearish

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Buy

SellHoldBuy

Technical Neutral Momentum Strong Sentiment Bullish Fundamentals Strong Quant / Vol Moderate

Market backdrop VIX 14.4 · calm Equity put/call 0.62

Technical

price trend

Neutral

50 / 200-day cross No cross

Price vs 200-day avg +9%

above

Price vs 50-day avg −9%

below

RSI (14) 35

neutral

MACD trend Negative

52-week position 64%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Strong

1-month return −8%

trailing

6-month return +32%

trailing

YTD return +15%

this year

Relative strength +19%

vs S&P · 6-mo

Sentiment

smart money

Bullish

Trend (MA cross) No cross

50d $88 › 200d $74 — 50d above 200d

Institutional flow Accumulating

+13% holders QoQ · +303 funds added

Insider flow Distributing

Net -$29.8M over 90 days · 100% sells

Short interest Falling

3.43% of float · ▼ -12.1% MoM · 5.4 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

1,530 holders — near 3-yr high, broad support

Squeeze score 50

elevated · 0–100

Fundamentals

Strong

Revenue growth +4%

Y/Y

EPS growth +44%

Y/Y

Valuation P/E 13.3

below peers

Buyback $1.0B

remaining

Balance sheet $9.0B

net debt

Quant / Vol

risk profile

Moderate

Volatility 39%

annualized · 1-yr

Max drawdown −23%

past year

ATR 3.0%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 2 of last 5

Latest guidance · from the 8-K filed Jul 10, 2026

FY 2026

Earnings Per Share Non-GAAP Maintained $6.50 – $7.50

Jan 13, 2026 $6.50 – $7.50 Jul 10, 2026 $6.50 – $7.50

3Q26

Operating Margin Initiated 11% – 13%

Prior guidance period ended · from the 8-K filed Apr 8, 2026

Operating Margin · 2Q26 6% – 8%

Earnings Per Share · 2Q26 $1.00 – $1.50

Guided vs delivered · last 5 settled

Total Revenue December Quarter 2024

guided $13.9B – $14.2B

guided $13.9B – $14.2B $15.56B Beat +10.7%

Earnings December quarter

guided $1.05 – $1.30

guided $1.05 – $1.30 $7.17 Beat +510.2%

Earnings September quarter

guided $2.20 – $2.50

guided $2.20 – $2.50 $1.72 Miss −26.8%

Earnings per share full year

guided at least $7.00

guided at least $7.00 $5.33 Miss −23.9%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

2 · 4 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+9% Bullish

Price vs 50-day avg

−9% Bearish

RSI (14)

35 Neutral

MACD trend

Negative Bearish

52-week position

64% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bullish · 3 of 6

Trend (MA cross) No cross

50d $88 › 200d $74 — 50d above 200d

Institutional flow Accumulating

+13% holders QoQ · +303 funds added

Insider flow Distributing

Net -$29.8M over 90 days · 100% sells

Short interest Falling

3.43% of float · ▼ -12.1% MoM · 5.4 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

1,530 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $56 Now $80 · 64% Range high $94

vs 200-day avg +9% vs 50-day avg -9%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted debt and finance lease obligations non-GAAP	$15.69B	June 30, 2026	—
Adjusted fuel price non-GAAP	$3.93	2Q26	—
Adjusted gross debt non-GAAP	$18.28B	June 30, 2026	—
Adjusted net debt non-GAAP	$13.59B	June 30, 2026	—
After-tax Return on Invested Capital non-GAAP	10.9%	Twelve Months Ended June 30, 2026	-9.2%

American Express remuneration	$2.4B	2Q26	—
Available seat miles (millions)	147.86B	Six Months Ended June 30, 2026	—

Average fuel price per gallon, adjusted non-GAAP	$3.32	Six Months Ended June 30, 2026	—

Average price per fuel gallon, adjusted - see Note A non-GAAP	$3.32	Six Months Ended June 30, 2026	—
CASM-Ex - see Note A (cents) non-GAAP	14.58	Six Months Ended June 30, 2026	—

Free cash flow non-GAAP	$1.44B	Six Months Ended June 30, 2026	—

Fuel gallons consumed (millions)	2.11B	Six Months Ended June 30, 2026	—

Gross capital expenditures non-GAAP	$1.44B	Three Months Ended June 30, 2026	—

Net cash provided by operating activities, adjusted non-GAAP	$4.07B	Six Months Ended June 30, 2026	—
Non-Fuel Cost non-GAAP	$11.09B	Three Months Ended June 30, 2026	—

Operating cash flow, adjusted non-GAAP	$1.65B	Three Months Ended June 30, 2026	—

Operating expense, adjusted non-GAAP	$16.1B	Three Months Ended June 30, 2026	—

Operating income, adjusted non-GAAP	$1.56B	Three Months Ended June 30, 2026	—

Operating margin, adjusted non-GAAP	8.8%	Three Months Ended June 30, 2026	—
Operating revenue, adjusted non-GAAP	$17.67B	Three Months Ended June 30, 2026	—

Operating revenue, adjusted related to premium products and diverse revenue streams non-GAAP	$10.82B	Three Months Ended June 30, 2026	—

Passenger load factor	83.3%	Six Months Ended June 30, 2026	—
Percent of operating revenue, adjusted related to premium products and diverse revenue streams non-GAAP	61%	Three Months Ended June 30, 2026	—

Pre-tax margin, adjusted non-GAAP	7.7%	Three Months Ended June 30, 2026	—

Total fuel expense, adjusted non-GAAP	$7B	Six Months Ended June 30, 2026	—

TRASM, adjusted - see Note A (cents) non-GAAP	21.55	Six Months Ended June 30, 2026	—

Adjusted fuel expense non-GAAP	$2.6B	March quarter	—
Adjusted operating cash flow non-GAAP	$2.4B	March quarter	—
Adjusted TRASM non-GAAP	8.2%	March quarter	—
Air Traffic Liability	$10.7B	March quarter end	—
Liquidity	$8.1B	March quarter end	—
Adjusted non-fuel costs non-GAAP	$41.3B	Full Year 2025	—
Aircraft deliveries	38	Full Year 2025	—
Average price per fuel gallon	$2.3	Year Ended December 31, 2025	—
Average price per fuel gallon, adjusted non-GAAP	$2.3	Year Ended December 31, 2025	—
Cost per available seat mile	19.31	Year Ended December 31, 2025	—
Fuel efficiency	14.3	Full Year 2025	—
MRO Expense non-GAAP	$751M	Year Ended December 31, 2025	—
MRO Revenue non-GAAP	$826M	Year Ended December 31, 2025	—
Net Income, adjusted non-GAAP	$3.8B	Year Ended December 31, 2025	—
non-fuel unit cost growth non-GAAP	2%	Full Year 2025	—
Passenger mile yield	20.74	Year Ended December 31, 2025	—
Passenger revenue per available seat mile	17.37	Year Ended December 31, 2025	—
Return on invested capital non-GAAP	12%	Full Year 2025	—
Revenue passenger miles	249.58B	Year Ended December 31, 2025	—
Total revenue per available seat mile	21.26	Year Ended December 31, 2025	—
Unencumbered assets	$35B	Full Year 2025	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Airlines — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
DAL Delta Air Lines, Inc. this stock	$52.66B	+15.4%	+4.0%	13.3	3.4%
UAL United Airlines Holdings, Inc.	$35.90B	-1.1%	+3.2%	10.4	6.4%
RYAAY Ryanair Holdings PLC	$29.12B	-22.2%	—	—	0.5%
LUV Southwest Airlines Co	$19.39B	-4.1%	+3.7%	25.1	5.1%
LTM Latam Airlines Group S.A.	$15.73B	-6.4%	—	—	1.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Reducing

Holders

1,530

% held: 93.0%
Net QoQ: -18.1M sh
Top holder: Berkshire Hathaway Inc

Held Float

View

Held by Funds

Fund positions

906

View

Short & Settlement

Short Interest Falling

Shares short

22.6M

Days to cover: 5.4d
Change: -3.1M sh

View

Short Volume

Short vol %

73%

As of: Aug 28, 2026

Short Total

View

Fails to Deliver

FTD shares

Value: $916
As of: Aug 4, 2026

View

Off-Exchange

Off-exchange %

41.4%

Week of: Jul 27, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$29.8M

Buyers / Sellers: 0 / 5

Buyers Sellers

View

Congressional Trades Sell

Member

Lisa McClain

Amount: $1.0K–$15.0K
Traded: Oct 31, 2025

View

Financials

Revenue (FY)

$63.4B

Net income (FY): $5.0B
EPS diluted: $7.66

View

Buybacks

Authorized

$1.0B

Remaining: $1.0B

Spent Remaining

View

Filings

SEC Filings

Latest

8-K

Filed: Jul 10, 2026
This year: 14

View

Proposed Sales

Value

$291.8K

Shares: 3.1K
Filed: Aug 5, 2026

View

Earnings & Events

Earnings Calls

Last call

Jul 10, 2026

View

Investor Relations

Performance

	5D	20D	120D	MTD	YTD
DAL	-2.8%	-8.4%	+32.2%	-8.4%	+15.4%
SPY	+0.5%	+3.0%	+13.4%	+3.0%	+12.8%
vs SPY	-3.3%	-11.4%	+18.7%	-11.4%	+2.6%

Capital returns

Latest dividend

$0.215 / share · ex Jul 9, 2026

Raised 14.4%

Paid (TTM)

$0.779 / share · 4 payouts

Dividend yield (TTM, derived)

0.97%

Buyback program · as of Jun 30, 2026

Authorized

$1.00B

Spent (derived)

Remaining

$1.00B

Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 27904 CUSIP 247361702 13F (30d) 959 filings 918 filers Visit website Investor relations

DAL · Delta Air Lines, Inc.

Price & Indicators

Up next

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns