NYSE: DAL

Delta Air Lines (DAL) Stock Analysis & Forecast

Nov 4 close

$89.24+5.96 (+7.2%)

Gekko Brief

AI summaryNov 4 close

Delta Air Lines moves this week on a mix of fleet, financing, and network news. The carrier has reduced its Boeing 757 fleet from 127 aircraft to 83, citing fuel costs and newer aircraft like the Airbus A321neo, while also planning a preliminary notes offering to repay about $391 million in Payroll Support Program loans, $70 million in aircraft-secured equipment notes, and $39 million in Class B certificates. Separately, Delta is expanding its Airbus A350-900 network with new routes to Manila and Riyadh, a resumption of service to Tel Aviv, and an upgrade on its Athens route, alongside changes to its Delta One premium cabin experience. Reports also note recent insider stock sales by CEO Edward Bastian and Strategic Advisor Glen Hauenstein.

DAL closed at $89.24, up 7.2%, sitting above both its 50-day average of $80.62 and 200-day average of $76.93, with the 50-day above the 200-day. The GekkoIndex reading of 46.9 places the stock in the Neutral zone, down 11.1 over five days. Price sits 0.7% above Gekko Fair Value of $88.62, within a tight range of that level.

Earnings are not due until 13 January 2027, 69 days out, placing the report outside the next 20 trading days. Smart money activity over the past 90 days includes 1 Congress buy and 0 sells, while the past 30 days show 5 unusual options signals, with call premium of $13,528,708 against put premium of $254,858. Seasonality over 5 years shows an average 20-day return of 8.5% from this point, positive in 4 of those years.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

Delta Air Lines price vs fair value

$89.24$88.62Nov ’25May ’26Nov ’26
Close $89.24200-day averageGekko Fair Value $88.62

Delta Air Lines quick facts

Market cap
$58.71B
P/E ratio
16.7
Forward P/E
11.7
EPS, TTM
$5.01
Revenue, TTM
$71.80B
Profit margin
4.6%
Dividend yield
1.00%
Beta
1.42
Volume
11.11M avg 6.92M
1-year return
+52.5%
Typical daily move
±3.8%
Typical 20-day move
±8.4%
50-day average
$80.62
200-day average
$76.93
Next earnings
Jan 13
Shares outstanding
657.9M
52-week range
$55.03$95.68

Delta Air Lines swing-trade checklist

Delta Air Lines scores 4 supportive, 2 mixed and 0 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive2 mixed0 headwinds

  • Trendsupportive

    Above 50 and 200-day

    Close $89.24 is above the 50-day ($80.62) and 200-day ($76.93) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    46.9, Neutral

    Reading 46.9 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuemixed

    0.7% above

    Price is within 5% of Gekko Fair Value (0.7% above).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: Congress 1 buy / 0 sales. Last 30 days: 5 unusual options signals.

    See smart money
  • Earnings risksupportive

    Reports in 69 days

    Next report Jan 13, 2027, 69 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +8.5% on average

    From this point in the calendar, the next 20 trading days averaged +8.5% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Delta Air Lines stock chart and price history

Delta Air Lines closed at $89.24 on Nov 4, 2026, +52.5% over the past year, inside a 52-week range of $55.03 to $95.68.

Close50-day average200-day averageVolume
Delta Air Lines share price, past year, with 50-day and 200-day moving averages and volume$60$70$80DecJan 2026FebMarAprMayJunJulAugSepOct89.24

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+6.7%
3 months
−3.0%
6 months
+21.7%
1 year
+52.5%
The full DAL chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open DAL in Gekko

Follow Delta Air Lines through every session

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About Delta Air Lines

Delta Air Lines carries passengers and freight by air across domestic and international routes, serving travelers who need scheduled flights within the United States and to destinations abroad. It is widely recognized for its extensive route network built around a system of major hub airports.

The company runs its business through two segments, Airline and Refinery, and maintains domestic hubs in cities such as Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, along with coastal gateway airports including Boston, Los Angeles, and both New York-area airports, plus Seattle. Internationally, it connects through hubs and market positions in cities like Amsterdam, London, Paris, Tokyo, and Seoul, among others. Beyond flying passengers and cargo, Delta also offers aircraft maintenance, repair, and overhaul work, as well as vacation packages, and it flies a fleet of roughly 1,314 aircraft.

Delta Air Lines was founded in 1924 and is based in Atlanta, Georgia. Its shares are listed on the NYSE under the ticker DAL.

Listed
NYSE
Sector
Transportation
Industry
Airlines
Website
delta.com

Delta Air Lines GekkoIndex: the smart money zone

Delta Air Lines’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 46.9, in the Neutral zone, down 11.1 points over five sessions.

010046.9Neutral

Down 11.1 points over five sessions.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying27+2.4%+4.1%+2.7%+18.8%
Accumulation183−0.1%+0.2%+1.5%+8.5%
Neutral (current zone)441+1.0%+1.8%+2.9%+5.6%
Distribution45−0.5%−0.1%+5.6%+10.5%
Selling1Too few readings yet

Average DAL share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.0% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the DAL price, zone by zone.Track DAL in Gekko

Is Delta Air Lines stock overvalued? Gekko Fair Value

Delta Air Lines trades 0.7% above Gekko Fair Value of $88.62, so the shares are about fair value on Gekko’s estimate.

Gekko’s own estimate of what Delta Air Lines shares are worth, recalculated every trading day.

$88.62

Gekko Fair Value, Nov 4, 2026

0.7% above fair value · About fair value

At the end of Aug 2026 the price was 18.9% below the estimate.

Gekko Fair ValueShare price, month end
$89$83Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open DAL in Gekko

Delta Air Lines insider and Congress trading

No open-market insider purchases were filed for Delta Air Lines, and members of Congress disclosed 1 purchase and 0 sales, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for DAL in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every DAL insider filing, plotted on the chart in Gekko.Open DAL in Gekko

Congress trades last 90 days

1trade disclosed: 1 purchase and 0 sales.

MemberTypeAmountDisclosed
Ro Khanna
House, CA, purchase
Purchase$1,001 - $15,000Oct 9
traded Sep 11

From congressional disclosures, which report amounts as ranges.

Buybacks

Delta Air Lines has been buying back its own shares.

Bought back, year ended Dec 31, 2020
$344.0M
As a share of market cap
0.59%

From company filings.

Unusual options activity last 30 days

5signals, 98% of the flagged premium in calls.

Latest: Bullish flow on Oct 30, $1.61M in unusual premium.

Hedge funds and billionaires quarter ended Jun 30

4of the funds Gekko tracks hold DAL.

2added1opened1trimmed0sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Delta Air Lines earnings: next date and track record

Delta Air Lines reports on Jan 13, 2027 (69 days away), and beat the EPS estimate in 6 of its last 8 reports.

6 of 8reports beat the EPS estimate
±4.7%average move across the report
6 of 8reports followed by a gain

Share-price move across each report

+6.0%Jan ’25+9.7%Apr ’25+11.7%Jul ’25+0.6%Oct ’25−3.6%Jan ’26+3.4%Apr ’26+0.1%Jul ’26−2.5%Oct ’26

Last earnings call, Oct 9, 2026 AI summary

What they said
Delta Air Lines reported September quarter 2026 revenue growth of 16% with pretax profits of $1.5 billion and EPS of $1.72 on a 9.4% operating margin. Results absorbed $1.6 billion in higher fuel costs year-over-year. Year-to-date free cash flow reached $1.9 billion with 11% ROIC. Premium demand remains robust with $900 million accrued toward employee profit sharing.
Guidance
Q4 pretax profits expected at $1.2 billion despite fuel costs doubling year-over-year. Full-year pretax profits guided at approximately $4.5 billion with fuel bill up 60% or $6 billion. Full-year free cash flow target of $2.5 billion funding over $2 billion in debt reduction.
ReportedEPSSurpriseRevenueSurpriseMove
Oct 9, 2026$1.72
est $1.77
−2.8%$20.20B
est $17.64B
+14.5%−2.5%
Jul 9, 2026$1.56
est $1.51
+3.3%$19.76B
est $17.43B
+13.4%+0.1%
Apr 8, 2026$0.00
est $0.60
−100.0%$14.20B
est $14.05B
+1.1%+3.4%
Jan 13, 2026$1.55
est $1.53
+1.3%$14.61B
est $14.68B
−0.5%−3.6%
Oct 9, 2025$1.71
est $1.57
+8.9%$16.67B
est $15.09B
+10.5%+0.6%
Jul 10, 2025$2.10
est $2.06
+1.9%$16.65B
est $15.46B
+7.7%+11.7%
Apr 9, 2025$0.46
est $0.38
+20.9%$14.04B
est $12.98B
+8.2%+9.7%
Jan 10, 2025$1.85
est $1.74
+6.3%$15.56B
est $14.19B
+9.6%+6.0%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Delta Air Lines stock forecast and analyst price targets

Analysts’ average 12-month price target for Delta Air Lines is $100.78, +12.9% from the last close, from 20 firms rating the stock in the last 90 days.

$100.78consensus 12-month target, +12.9% from the last close
Low $95High $125
Buy20
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 20 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 29Wells FargoBuy, maintained$100+12.1%
Oct 27BernsteinBuy, maintained$100+12.1%
Oct 22Wells FargoBuy, maintained$100+12.1%
Oct 22TD CowenBuy, maintained$101+13.2%
Oct 17JLPascualBuy, upgraded$108+21.0%
+2.9%average 20-day move after past Neutral readings
+8.5%average move over the next 20 trading days in the last 5 years
±3.8%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Delta Air Lines seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, Delta Air Lines averaged +8.5% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

−12.2%2021+9.2%2022+14.2%2023+10.0%2024+21.3%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+6.4%5 of 5
Next 10 trading days+5.0%4 of 5
Next 15 trading days+4.9%4 of 5
Next 20 trading days+8.5%4 of 5
Next 30 trading days+9.1%4 of 5

For scale, DAL’s typical 20-trading-day move in either direction is about 8.4%.

Delta Air Lines market cap and key statistics

Delta Air Lines’s market cap is $58.71B, with a P/E ratio of 16.7 and revenue of $71.80B over the last twelve months.

Valuation

Market cap
$58.71B
P/E ratio
16.7
Forward P/E
11.7
EPS, TTM
$5.01
Gekko Fair Value
$88.62

Trading

Volume
11.11M
Avg volume, 20 days
6.92M
52-week high
$95.68
52-week low
$55.03
Shares outstanding
657.9M

Financials

Revenue, TTM
$71.80B
Profit margin
4.6%
Return on equity
15.9%
Quarterly earnings growth, YoY
−47.0%

Risk and income

Beta
1.42
Typical daily move
±3.8%
Typical 20-day move
±8.4%
Dividend yield
1.00%

Delta Air Lines peers

Delta Air Lines’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
UALUnited Airlines+2.9%Neutral30.6% below
LUVSouthwest Airlines+3.2%Neutral4.4% above
AALAmerican Airlines+1.4%Neutral32.9% below
CPACopa+4.0%Neutral3.7% below
ALKAlaska Air+3.6%Neutral9.2% below
SKYWSkyWest+1.1%Buying22.6% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

More stocks in Airlines

Delta Air Lines stock FAQ

What is Delta Air Lines’s market cap?

Delta Air Lines’s market cap is $58.71B at the Nov 4, 2026 close of $89.24, with 657.9M shares outstanding. The shares trade on a P/E ratio of 16.7.

What is the Delta Air Lines stock forecast?

The consensus analyst 12-month price target for Delta Air Lines is $100.78, +12.9% from the last close. Of the 20 firms that rated the stock in the last 90 days, 20 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Delta Air Lines stock overvalued or undervalued?

On Gekko’s estimate Delta Air Lines is about fair value: the Nov 4, 2026 close of $89.24 is 0.7% above Gekko Fair Value of $88.62. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Delta Air Lines report earnings next?

Delta Air Lines is expected to report on Jan 13, 2027 (69 days away). Analysts expect earnings of $1.42 per share on revenue of $19.50B. Delta Air Lines beat the earnings estimate in 6 of its last 8 reports, moving 4.7% on average across the report.

What is Delta Air Lines’s 52-week high and low?

Delta Air Lines’s 52-week high is $95.68 and its 52-week low is $55.03; it closed at $89.24 on Nov 4, 2026, +52.5% over the past year.

Is Delta Air Lines stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (trend, smart money, earnings risk and seasonality), 2 as mixed (gekkoindex and fair value). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Delta Air Lines?

Gekko flagged 5 unusual options signals in Delta Air Lines over the last 30 days, with $13.53M of flagged premium in calls and $255K in puts. The latest, bullish flow, was on Oct 30, 2026 with $1.61M in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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