Delta Air Lines (DAL)
Coverage summary
Aardvark Labs Capital Research has covered Delta Air Lines (DAL) since April 10, 2025. The company is in the Industrials sector. This page lists 8 reports: 7 earnings recaps and 1 earnings preview.
The latest is the Q3 2026 Earnings Recap, published October 16, 2026. The current rating is Hold, unchanged since the Q2 2026 Earnings Recap of July 11, 2026. The rating has changed once since coverage began.
Translations: 8 in Chinese.
Rating history
All DAL reports
Recap: Q3 2026
Revenue Accelerates and Pre-Tax Profit Holds Flat Through a 60% Fuel Spike, but a 24% Guide Cut Keeps Delta a Hold
Recap: Q2 2026
Premium Overtakes Main Cabin and the Dividend Rises 15% on a Guide-Beating Quarter; We Fade the All-Time Highs and Downgrade Delta to Hold
Recap: Q1 2026
Premium Reaches Parity With Main Cabin; Revenue Beats Decisively — But Fuel Spike Clouds Q2 Outlook and Stock Has Already Moved
Flashcap: Q1 2026
Premium Flywheel Intact; MRO Surge and Fuel Escalation Demand Answers at 10 AM
Recap: Q4 2025
Record Free Cash Flow and Premium Dominance Intact, but Main Cabin Drag and Below-Consensus FY26 Guide Create a Buying Opportunity
Recap: Q3 2025
Premium Flywheel Accelerates as Delta Delivers 180bp Margin Expansion and Guides Q4 to Record Territory
Recap: Q2 2025
Guidance Restoration Is the Real Story: Demand Stabilization, Premium Resilience, and a 25% Dividend Hike Validate the Q1 Thesis at a Still-Discounted Valuation
Recap: Q1 2025
Beat on Lowered Bar Masks the Real Story: Premium Moat Intact, Capacity Discipline Emerging, and a De-Rated Valuation at $44 Creates a Compelling Entry