Buy, Sell, or Hold Delta Air Lines Stock After Q3 Earnings?

Impact · against what's priced in

Delta's significant reduction in full-year EPS and FCF guidance creates a sharp disconnect from current market assumptions, likely triggering immediate price downward revisions. While revenue remains record-breaking, the surge in fuel costs confirms that pricing power is currently insufficient to protect the bottom line.

DAL−0.80

Challenges what's priced in

The price assumes

hitting its guided FY2026 EPS range of $6.50-$7.50