Delta Air Lines Is Up 10% This Year and Still Trades at Less Than 12 Times Earnings

Delta Air Lines is up about 10% this year, yet the stock still trades at less than 12 times estimated earnings, according to the article. The carrier kept its full-year 2026 guidance for earnings per share at $6.50–$7.50 and free cash flow of $3 billion to $4 billion, but has been hit by rising jet fuel costs. Delta now expects an additional $4 billion in fuel expenses in 2026. A Wall Street EPS view has slipped from $7.17 to $6.48. The piece notes Q2’s $4.4 billion fuel spend and highlights demand described as “strong and broad-based,” while premium, loyalty, and co-brand revenue are rising.