On July 28, Delta Air Lines rose 3.05% in regular trading, trading at $89.29/share, with turnover of $311 million.

On the news front, crude oil prices plunged more than 7% recently, significantly easing cost-side pressure for airlines and driving broad-based strength across the sector. JetBlue Airways surged 13.54%, United Airlines rose 3.22%, American Airlines gained 2.78%, and Southwest Airlines climbed 2.86%.

On fundamentals, Delta reported Q2 results on July 10 that exceeded expectations, posting adjusted EPS of $1.56. The company maintained full-year EPS guidance of $6.50 to $7.50, well above the market consensus of approximately $6.00. Multiple investment banks subsequently raised price targets, with Morgan Stanley setting $125, JPMorgan at $114, UBS at $112, and Citi at $110, all maintaining bullish ratings. UBS noted that resilient travel demand, pricing power, and limited capacity growth support continued earnings momentum, forecasting fiscal 2027 EPS of $10.20. Management expressed confidence that revenue momentum can be sustained even if fuel prices moderate.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)