Delta Air Lines (DAL) Reports Q3 Revenue Beat but Earnings Sligh

Delta Air Lines (DAL) shares fell nearly 5% premarket after reporting September-quarter earnings below Bloomberg estimates, with adjusted EPS of $1.72 vs. $1.82 expected and revenue of $17.59B vs. $17.66B. The company lowered its outlook, citing higher fuel costs. DAL's stock trades at $82.14, 40% above its intrinsic value estimate of $58.69, according to GF Value™.

Delta Air Lines (DAL) stock fell 1.7% premarket after a mixed Q3 2026 earnings report and a reduced full-year profit outlook. The company missed earnings estimates and cut its 2026 adjusted EPS forecast to $5.10-$5.60 from $6.50-$7.50. Q3 revenue rose 16% to $17.59 billion, but fuel costs surged 62%, narrowing margins. CEO Ed Bastian noted higher fares aren't deterring travelers, but the stock declined due to the guidance cut.

Delta Air Lines cut its 2026 profit forecast to $5.10-$5.60 per share, down from $6.50-$7.50, citing a $6B fuel cost increase due to elevated jet fuel prices. Q3 fuel expenses rose 62% to $4.1B, missing estimates. Delta's refinery offers partial cost relief, but elevated fuel prices are expected to persist. Shares fell 3.5% premarket.

Delta (DAL) reported Q3 2026 revenue of $20.19B, beating estimates by 4.2%, but missed EPS expectations by 35.4%. Operating and free cash flow margins declined. Revenue passenger miles were stable. Full-year EPS guidance misses estimates by 4.5%.

Delta Air Lines (DAL) issued Q4 guidance with sales of $17.527B, beating estimates, but EPS range of $1.15-$1.65 missed the midpoint. Q3 revenue was $17.6B, up 16% YoY, with adjusted EPS of $1.72. The company expects 20% revenue growth in Q4 and FY26 EPS between $5.10-$5.60. Fuel costs rose 60%, impacting margins. Elon Musk criticized Delta's in-flight connectivity, highlighting competitive pressure.

Delta Air Lines (DAL) shares fell 5% premarket after reporting Q3 earnings of $1.72, below Bloomberg estimates, and lowering its full-year profit outlook due to higher fuel costs.