FINWIRES · TerminalLIVE
FINWIRES

$DAL

33 stories mentioning DALUpdated 2d ago

Every FINWIRES story that references DAL, newest first.

Wire

Top Midday Stories: Nvidia Enters Into $500 Billion Partnership With SK Group; AstraZeneca Earnings Top Estimates

The Dow Jones Industrial Average was up, while the S&P 500 and Nasdaq Composite were down in late-morning trading Monday, as oil prices fell amid a pause in the hostilities between US and Iran over the weekend.In company news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion artificial intelligence infrastructure initiative. The deal announced Saturday includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory. They will also jointly co-develop next-generation AI memory solutions that include high-bandwidth memory chips intended for AI training, AI agents and physical AI applications. Nvidia shares were down 5.1% around midday, while SK Hynix shares were down 8.8%.Further, Nvidia is in talks to provide a roughly $250 billion financial backstop for Microsoft (MSFT)-backed OpenAI as part of a massive data center project in southern Ohio that could cost more than $500 billion, The Wall Street Journal reported Sunday, citing unnamed sources familiar with the matter. The guarantees would help OpenAI secure financing to lease a 10-gigawatt campus being developed by SoftBank-owned SB Energy. Nvidia is also discussing financing for up to $350 billion in AI chip purchases, according to the report.AstraZeneca (AZN) reported Q2 core earnings Monday of $2.63 per diluted share, up from $2.17 a year earlier and above the FactSet consensus analyst estimate of $2.49. Q2 revenue was $15.38 billion, up from $14.46 billion a year ago and below the FactSet consensus of $15.43 billion. For 2026, the company continues to expect core EPS to rise by a low double-digit percentage and revenue to grow by a mid-to-high single-digit percentage. Analysts are looking for $10.24 and $63.18 billion, respectively. The company also raised its interim dividend by 3 cents to $1.06 per share. AstraZeneca shares were up 1.2%.United Airlines (UAL) pitched a merger deal to Delta Air Lines (DAL) last year, but the talks fizzled out without a deal after Delta declined to pursue the proposal, The Wall Street Journal reported Sunday, citing sources familiar with the matter. Sources told the news outlet that discussions reached preliminary due diligence, where Delta Air Lines management assessed the potential merger. The proposal came before President Donald Trump's return to office, when companies anticipated a more favorable regulatory backdrop for major mergers, according to the report. United Airlines shares were up 1%, while Delta Air Lines shares were up 1.5%.Baker Hughes (BKR) reported Q2 adjusted earnings Sunday of $0.64 per diluted share, up from $0.63 a year earlier and above the FactSet consensus analyst estimate of $0.49. Q2 revenue was $6.74 billion, down from $6.91 billion a year ago and above the FactSet consensus of $6.51 billion. Baker Hughes also maintained its quarterly dividend at $0.23 per share, payable on Aug. 17 to holders of record on Aug. 7. Further, the company said that its total orders stood at $10.50 billion in Q2, a 49% jump from $7.03 billion a year earlier, as orders under the industrial and energy technology segment doubled. Segment orders in the quarter surged year over year to $7.09 billion from $3.53 billion, led by the gas technology product line. Segment revenue also steadied at $3.29 billion, data showed. Baker Hughes shares were up 5.8%.DeepSeek has suspended its second fundraising round after informing some prospective investors that investment agreements would not be signed as expected, Bloomberg reported Saturday, citing people familiar with the matter. The pause followed viral online posts widely attributed to founder Liang Wenfeng about US-China artificial intelligence competition. Bloomberg could not verify the authenticity of the posts. DeepSeek had been seeking to raise at least 10 billion yuan at a pre-money valuation of at least 480 billion yuan and is preparing for an initial public offering that could be filed as early as this year, according to the report.Price: $196.23, Change: $-10.61, Percent Change: -5.13%

$AZN$BKR$DAL$MSFT$NVDA$SKHY$UAL
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday as Oil Prices Fall

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.9%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.4% in Monday's premarket activity, as oil prices fell amid hopes of a US-Iran truce.US stock futures were also higher, with S&P 500 Index futures up 0.9%, Dow Jones Industrial Average futures advancing 1.2%, and Nasdaq futures gaining 1.4% before the start of regular trading.New orders for US durable goods rose by 0.3% in June following a decline of 4.0% in May, compared with the expectations for a larger increase of 1.8% in a survey compiled by Bloomberg.The Dallas Federal Reserve's manufacturing index for July will be released at 10:30 am ET.In premarket action, bitcoin was up by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.5% higher, Ether ETF (EETH) rose 5.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated marginally by 0.01%.Power Play:EnergyThe iShares US Energy ETF (IYE) declined by 2.1%, while the State Street Energy Select Sector SPDR ETF (XLE) fell 2.6%.TotalEnergies (TTE) stock was down more than 3% before market open after the company said it has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.9%, the Vanguard Industrials Index Fund (VIS) gained 0.8%, and the iShares US Industrials ETF (IYJ) was 0.3% higher.United Airlines (UAL) stock was up more than 3%, while Delta Air Lines (DAL) shares rose 2.7% before the opening bell, a day after The Wall Street Journal reported that United pitched a merger deal to Delta last year, but the talks fizzled out without a deal after Delta declined to pursue the proposal.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.8%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2.2% lower.Northern Trust (NTRS) shares traded up 2% in early hours activity after the company said it has been selected to provide fund administration and related services to alternative asset manager Dawson Partners.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 1.6%, the iShares US Technology ETF (IYW) was 1.6% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 2.6%, while the iShares Semiconductor ETF (SOXX) rose by 2.2%.Broadcom (AVGO) shares were up more than 2% in premarket activity after the company and Samsung Electronics said they signed a memorandum of understanding to expand their strategic collaboration across memory and foundry technologies to support next-generation artificial intelligence infrastructure.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.6%, the Vanguard Health Care Index Fund (VHT) was up 1.6%, while the iShares US Healthcare ETF (IYH) slipped 0.01%. The iShares Biotechnology ETF (IBB) was 0.5% higher.AstraZeneca (AZN) stock was up 1% premarket after the company reported higher Q2 core earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) advanced 0.1%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rose 1.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 1.2% higher.Toyota Motor (TM) shares were up more than 1% pre-bell after the company said it signed a binding agreement with Volvo Group and Daimler Truck to acquire a one-third stake in fuel-cell joint venture cellcentric.CommoditiesFront-month US West Texas Intermediate crude oil declined by 5.7% to $84.24 per barrel on the New York Mercantile Exchange. Natural gas was down by 3.1% to $2.80 per 1 million British Thermal Units. The United States Oil Fund (USO) was down 6.2%, while the United States Natural Gas Fund (UNG) was 3.7% lower.Gold futures for November gained 0.7% to $4,156.50 an ounce on the Comex. Silver futures were up 0.8% to $59.35 an ounce. SPDR Gold Shares (GLD) increased 0.7%, and the iShares Silver Trust (SLV) was 1.3% higher.

Dow JonesNasdaq CompositeS&P 500$AVGO$AZN$BETH$BITO$DAL$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NTRS$PMR$QQQ$RTH$SLV$SOXX$SPY$TM$TTE$UAL$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire

Delta Scales Sustainable Aviation Fuel Usage Across US With Shell Aviation

Delta Air Lines (DAL) said Wednesday it plans to use sustainable aviation fuel across multiple US hubs and priority cities, supported by a five-year agreement with Shell (SHEL) through 2030.Key US hubs include Los Angeles International Airport, Portland International Airport, John. F. Kennedy International Airport, Logan International Airport, and Minneapolis-St. Paul International Airport, the company said.Beyond expanding access to sustainable aviation fuel, the collaboration focuses on how fuel reaches aircraft, with Shell Aviation supporting both blended and neat SAF deliveries, the company added.Price: $85.95, Change: $+0.44, Percent Change: +0.51%

$DAL$SHEL
Wire

Delta Air Lines Q2 Results Strengthen Growth Outlook, UBS Says

Delta Air Lines (DAL) is well positioned for further share gains after a strong Q2 performance underscored resilient travel demand and pricing power, with revenue and earnings growth potential not fully reflected in the stock, UBS Securities said in a report emailed Monday.The firm said strong Q2 revenues and a "bullish" outlook for Q3 and Q4 suggest consumer demand and yields remain healthy. Limited capacity growth, coupled with stronger contributions from cargo, maintenance and repair operations, and other revenue streams, should support continued pricing strength and earnings growth, the report said.UBS forecasts revenue growth of 16.1% in Q3 and 17.7% in Q4, while estimating fiscal 2027 earnings per share of $10.20. Delta shares trade at about 8.5 times that estimate, leaving room for valuation expansion as investors recognize the company's earnings potential, UBS analysts said in the report.While some investors view Delta's implied Q4 guidance as "optimistic" given tougher comparisons, UBS believes the outlook is "achievable" and raised the price target on the stock to $112 from $107, while reiterating a buy rating.Price: $86.12, Change: $-1.27, Percent Change: -1.45%

$DAL
Delta's Reaffirmed Full-Year Outlook Shows Earnings Resiliency, Sets Airline Up for Strong 2027, Deutsche Bank Says
US Markets

Delta's Reaffirmed Full-Year Outlook Shows Earnings Resiliency, Sets Airline Up for Strong 2027, Deutsche Bank Says

Delta Air Lines' (DAL) decision to reiterate its full-year outlook despite incurring an estimated $3.5 billion fuel headwind signifies its earnings resiliency and sets up the air carrier for a strong 2027, Deutsche Bank said in a client note emailed Monday.The company last week reported better-than-expected second-quarter results amid robust demand and maintained its full-year outlook for per-share adjusted earnings of $6.50 to $7.50 and free cash flow of $3 billion to $4 billion.In the earnings release, Chief Executive Ed Bastian mentioned Delta incurred its "highest quarterly fuel expense" in the airline's history. Fuel price surged 75% to $3.93 per gallon on an adjusted basis, pushing fuel expenses 77% higher annually to $4.41 billion in the second quarter. The company anticipates an all-in fuel price of about $3.15 per gallon in the current quarter.Crude oil prices soared in the aftermath of the Middle East war, but retreated last month as the US and Iran agreed to a memorandum of understanding in June. However, recent renewed tensions between the two countries have seen prices resume their volatility.Deutsche was "pleasantly surprised" by Delta reaffirming its outlook, especially taking into account what the brokerage estimates will be a fuel cost headwind of about $3.5 billion. "The reaffirmed outlook underscores the company's earnings resiliency and sets up for what could be a very strong 2027," analyst Michael Linenberg wrote in the note."The affirmation of our full year outlook from the start of the year and ability to grow earnings despite a nearly $4 billion increase in fuel cost reinforces that Delta's durability continues to improve relative to prior cycles and to the industry," Chief Financial Officer Erik Snell said during a Friday earnings call, according to a FactSet transcript.The air carrier recorded adjusted operating cash flow of $4.1 billion and free cash flow of $1.4 billion through the first half of the year, after reinvesting around $2.6 billion in the business, according to the brokerage.Delta continued to strengthen its balance sheet with adjusted net debt of $13.6 billion at the end of the second quarter, down $709 million from the end of last year, while liquidity stood at $7.7 billion, Deutsche said. The airline also announced a 15% hike in its quarterly dividend on Friday."We continue to view this combination of durable free cash flow generation, improving leverage, growing shareholder returns and disciplined capital allocation as supportive of sustained (return on investment capital) above cost of capital," according to Linenberg.Deutsche reiterated its buy rating on Delta's stock with a 12-month price target of $105.Price: $86.40, Change: $-1.00, Percent Change: -1.14%

$DAL
Wire

UBS Adjusts Price Target on Delta Air Lines to $112 From $107, Maintains Buy Rating

Delta Air Lines (DAL) has an average rating of buy and mean price target of $105.07, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $86.67, Change: $-0.69, Percent Change: -0.79%

$DAL
Wire

Morgan Stanley Raises Price Target on Delta Air Lines to $125 From $115, Overweight Rating Kept

Delta Air Lines (DAL) has an average rating of buy and mean price target of $102.13, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $87.32, Change: $-1.69, Percent Change: -1.89%

$DAL
Wire

Jefferies Adjusts Delta Air Lines Price Target to $110 From $105

Delta Air Lines (DAL) has an average rating of buy and mean price target of $102.13, according to analysts polled by FactSet.Price: $87.28, Change: $-1.72, Percent Change: -1.94%

$DAL
Wire

Top Midday Stories: SK Hynix Marks Record-Setting Debut in US Market; Meta Faces $2 Billion Manus Deal Rollback

All three major US stock indexes were up in late-morning trading Friday as investors anticipated the US market debut of South Korean chipmaker SK Hynix.In company news, South Korean semiconductor company SK Hynix has listed its American depositary receipts on the Nasdaq, the company said Friday. The chipmaker set the price of its initial public offering on the Nasdaq at $149 per American depositary share and looks to raise about $26.5 billion, ranking as the largest US stock sale in history by a company based out of the US. SK Hynix sold 177.9 million ADRs, equal to 17.79 million common shares, or about 2.5% of its total issued and outstanding share capital. The offer was seven times oversubscribed, with more than 500 investment firms looking to buy shares, according to a report from the Financial Times. The offering is expected to close on Tuesday.Meta Platforms (META) is facing a major rollback of its $2 billion acquisition of artificial intelligence start-up Manus as Tencent moves to lead a deal to unwind the takeover after Beijing ordered it reversed, the Financial Times reported Friday, citing sources familiar with the talks. Tencent, together with other entities, are in talks to back a transaction at the same $2 billion valuation, with Tencent expected to take the largest stake while remaining a minority shareholder, the report said. China's move to unwind the deal marks a sharp escalation in efforts to keep leading AI firms and talent under domestic control, according to the report. Meta shares were up 6.7% around midday.Delta Air Lines (DAL) reported Q2 adjusted earnings Friday of $1.56 per diluted share, down from $2.12 a year earlier and above the FactSet consensus analyst estimate of $1.49. Total operating revenue for Q2 was $19.76 billion, up from $16.65 billion a year earlier and above the FactSet consensus of $17.55 billion. For 2026, the airline reaffirmed its previous guidance of EPS of $6.50 to $7.50. Analysts polled by FactSet expect $6.00. "We delivered $1.4 billion in pre-tax profit while absorbing the highest quarterly fuel expense in our history, reflecting broad demand strength, growing brand preference and momentum across our diversified revenue base," Chief Executive Ed Bastian said in a statement. Adjusted total revenue per available seat mile climbed 12% in the second quarter, with gains across all regions. Passenger revenue rose 13% to $15.61 billion, while cargo revenue jumped 39%. Delta shares were down 2.2%.Circle Internet Group (CRCL) has obtained approval from the Office of the Comptroller of the Currency to establish First National Digital Currency Bank, which will operate under the name Circle National Trust, the stablecoin issuer said Friday. The company said the national trust bank charter strengthens the federally regulated custody infrastructure supporting USD Coin (USDC-USD), with reserve management planned as a future capability. As a federally regulated national trust bank, Circle National Trust will operate under direct OCC oversight and combine digital asset infrastructure with the fiduciary responsibilities of national trust banks in safeguarding client assets. Circle shares were up 5.9%.Netflix (NFLX) is exploring live television channels and bundling rival streaming services aiming to revive subscriber engagement, The Wall Street Journal reported Friday. Netflix has discussed adding continuously streaming genre-based channels and selling subscriptions to other streaming platforms, including Comcast's Peacock, through its app, the report said. The company has also expanded lower-cost content offerings and is pursuing partnerships such as its deal with French broadcaster TF1, while exploring similar agreements in Europe and Latin America, according to the report. Netflix shares were down 3.1%.Price: $674.61, Change: $+43.13, Percent Change: +6.83%

$CRCL$DAL$META$NFLX
Delta Air Lines Tops Second-Quarter Views, Issues Robust Outlook
US Markets

Delta Air Lines Tops Second-Quarter Views, Issues Robust Outlook

Delta Air Lines (DAL) reported higher-than-expected second-quarter results on Friday amid robust demand, while the air carrier provided a strong outlook for the ongoing three-month period.The company posted adjusted earnings of $1.56 a share for the June quarter, down from $2.12 the year before, but ahead of the FactSet-polled consensus of $1.49. Adjusted operating revenue climbed 14% to $17.67 billion on roughly 1% capacity growth, topping the Street's view for $17.55 billion."We delivered $1.4 billion in pre-tax profit while absorbing the highest quarterly fuel expense in our history, reflecting broad demand strength, growing brand preference and momentum across our diversified revenue base," Chief Executive Ed Bastian said in a statement.Fuel price surged 75% to $3.93 per gallon on an adjusted basis, pushing fuel expenses 77% higher annually to $4.41 billion. Crude oil prices soared in the aftermath of the Iran war, but have retreated as the US and Iran agreed to a memorandum of understanding in June.Adjusted total revenue per available seat mile climbed 12% in the second quarter, with gains across all regions. Passenger revenue rose 13% to $15.61 billion, while cargo revenue jumped 39%."We expect momentum to carry into the second half with double-digit margins and a return to earnings growth," Bastian said.For the third quarter, Delta anticipates adjusted EPS between $2 and $2.50, while the average analyst estimate is for $2.03. Revenue is expected to grow by a mid-teens percentage figure on modest capacity growth, with unit revenue gains "improving sequentially," Chief Commercial Officer Joe Esposito said. The Street is looking for $17.27 billion.The airline anticipates an all-in fuel price of about $3.15 per gallon in the current quarter."Non-fuel unit cost performance is expected to improve modestly from the June quarter with further progression in the December quarter as capacity growth begins to normalize," Chief Financial Officer Erik Snell said in the earnings release.For 2026, Delta continues to expect adjusted EPS of $6.50 to $7.50, compared with the market's forecast of $6. Free cash flow is still pegged at $3 billion to $4 billion for the year."For the full year, we are affirming the guidance we set at the start of the year to grow earnings by 20%, overcoming a multi-billion dollar fuel headwind," according to Bastian. "This reinforces Delta's durability while positioning us to continue our momentum into 2027."The company announced a 15% increase in its quarterly dividend.

$DAL
Asia Markets

Update: US Equity Futures Mixed Pre-Bell Amid SK Hynix's Record-Setting US Market Debut, Resumption of US-Iran Talks

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Friday as traders took note of the US market debut of South Korean chipmaker SK Hynix, while the US and Iran will continue peace talks even after an exchange of attacks in recent days.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were flat, and Nasdaq futures were 0.3% lower.SK Hynix's initial public offering, which consists of 177.9 million American depositary shares, raised about $26.5 billion. The sale by the South Korean semiconductor company ranks as the largest debut by a foreign firm in the US. The offer was seven times oversubscribed, with more than 500 investment firms looking to buy shares, according to a report from the Financial Times.The US will continue "technical talks" with Iran as part of peace negotiations, despite the military strikes between the two nations earlier this week, according to a report from MS Now citing a US official. President Donald Trump said that Iran's attacks on commercial vessels transiting the Strait of Hormuz were "acts of terrorism," according to the report. Trump told reporters on Thursday that Iran had reached out and wanted to make a deal to cease the escalating hostilities in the Middle East.Traders noted the latest round of earnings, with Delta Air Lines (DAL) posting lower adjusted earnings and higher revenue for Q2 while reaffirming its 2026 adjusted EPS guidance.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $76.66 per barrel and US West Texas Intermediate crude 0.2% higher at $72.24 per barrel.The weekly Baker Hughes domestic oil-and-gas rig count is scheduled for release at 1pm ET.In other world markets, Japan's Nikkei closed 1.2% higher, Hong Kong's Hang Seng ended 0.6% higher, and China's Shanghai Composite finished 1% lower. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.1% higher in Europe's early afternoon session.In equities, Meta Platforms (META) shares were up 3.6% after a Bloomberg report citing CEO Mark Zuckerberg as saying that the company is considering renting out some of its artificial intelligence computing capacity as demand for AI infrastructure surges. ServiceNow (NOW) stock was 1.5% higher after Hitachi Digital Services said it has launched a partnership with the company to back mission-critical infrastructure operators. Vodafone (VOD) shares rose 13% after e& Group said it has agreed to to sell its entire stake in Vodafone to Vega, an acquisition vehicle wholly owned by the Niel family group, for $5.95 billion.On the losing side, stocks of Micron Technology (MU), Intel (INTC), and Marvell Technology (MRVL) declined as part of a wider drop in semiconductor stocks. Micron shares fell 1.6%, Intel stock was 2.4% lower, and Marvell shares were down 1.3%.

Dow JonesNasdaq CompositeS&P 500$DAL$INTC$META$MRVL$MU$NOW$VOD
US Equity Futures Mixed Ahead of South Korean Chipmaker SK Hynix's Trading Debut
US Markets

US Equity Futures Mixed Ahead of South Korean Chipmaker SK Hynix's Trading Debut

The benchmark US stock measures were struggling for direction before the open Friday as traders await the Nasdaq trading debut of South Korean chipmaker SK Hynix.The S&P 500 was almost steady in premarket activity and the Nasdaq was off 0.2%, while the Dow Jones Industrial Average rose 0.2%. The indexes finished the previous trading session higher.SK Hynix set the price of its initial public offering on the Nasdaq at $149 per American depositary share, raising about $26.5 billion. The company, which is reportedly a key supplier to Nvidia (NVDA), is expected to begin trading on the Nasdaq Friday.Shares of Intel (INTC) declined 3.1% pre-bell, while Marvell Technology (MRVL) decreased 1.6%. Micron Technology (MU), Broadcom (AVGO), and Advanced Micro Devices (AMD) were also lower.West Texas Intermediate crude oil was up 0.4% at $72.36 a barrel before the opening bell, while Brent gained 0.5% to $76.69.Washington aims to continue "technical talks" with Iran and remains "committed to finding a resolution," despite renewed hostilities between the two countries this week, news outlets reported Thursday, citing a US official. Pakistani and Qatari officials also told the publication that the mediators are also working to bring the US and Iran back to the negotiating table.Earlier in the week, US President Donald Trump said Iran "badly" wanted to make a deal, but didn't know if the country will "honor" it, CNBC reported.Global oil demand is estimated to drop by 1 million barrels per day in 2026 before rebounding by 2 million barrels next year, the International Energy Agency said.Friday's thin economic calendar has the weekly Baker Hughes oil-and-gas rig count at 1 pm ET.US Treasury yields were mixed in premarket action, with the two-year rate rising 1.7 basis points to 4.18% and the 10-year rate dropping one basis point to 4.54%.Delta Air Lines (DAL) shares were down 1.4% as the air carrier reported its second-quarter results. WD-40 (WDFC) jumped 12% as the company upgraded its full-year outlook after opting to retain its Americas homecare and cleaning businesses and reported higher fiscal third-quarter results overnight.Gold slipped 0.6% to $4,116 per troy ounce, while bitcoin climbed 1.9% to $64,406.

Dow JonesNasdaq CompositeS&P 500$AMD$AVGO$DAL$INTC$MRVL$MU$NVDA$WDFC
Japan

US Equity Futures Mixed Pre-Bell Amid SK Hynix's Record-Setting US Market Debut, Resumption of US-Iran Talks

US equity futures were mixed pre-bell Friday as traders took note of the US market debut of South Korean chipmaker SK Hynix, while the US and Iran will continue peace talks even after an exchange of attacks in recent days.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.4% lower.SK Hynix's initial public offering, which consists of 177.9 million American depositary shares, raised about $26.5 billion. The sale by the South Korean semiconductor company ranks as the largest debut by a foreign firm in the US. The offer was seven times oversubscribed, with more than 500 investment firms looking to buy shares, according to a report from the Financial Times.The US will continue "technical talks" with Iran as part of peace negotiations, despite the military strikes between the two nations earlier this week, according to a report from MS Now citing a US official. President Donald Trump said that Iran's attacks on commercial vessels transiting the Strait of Hormuz were "acts of terrorism," according to the report. Trump told reporters on Thursday that Iran had reached out and wanted to make a deal to cease the escalating hostilities in the Middle East.Traders noted the latest round of earnings, with Delta Air Lines (DAL) posting lower adjusted earnings and higher revenue for Q2 while reaffirming its 2026 adjusted EPS guidance.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.8% at $76.91 per barrel and US West Texas Intermediate crude 0.6% higher at $72.51 per barrel.The weekly Baker Hughes domestic oil-and-gas rig count is scheduled for release at 1pm ET.

Dow JonesNasdaq CompositeS&P 500$DAL
Wire

Delta Air Lines Poised to Report Q2 EPS Slightly Above High-End of its Guidance, UBS Says

Delta Air Lines (DAL) is slated to report its Q2 earnings per share slightly above the high-end of its guidance range of $1.00 to $1.50, with larger investor focus on forward outlook when the company posts its quarterly results on Friday, UBS said in a Wednesday note.While the company is likely to be conservative with response to its fuel assumption for Q3 and Q4, especially with oil pricing moving higher again, the bar for fiscal 2026 EPS is likely in the range of $6 to $7, compared with Delta Air Lines outlook of $6.50 to $7.50 at the start of the year, UBS said.There are assumptions that Delta needs to guide at least in-line with its initial guide to be considered good enough given the stock's performance, the firm noted.UBS further said that for Delta Air Lines to guide to this range, one has to assume Q4 revenue growth consistent with Q3, despite tougher comparisons and possible greater consumer elasticity."In our view, that's a bit optimistic, notwithstanding some modest benefit from greater portion of booking curve exposed to fare increases in [Q4 versus Q3]," UBS analysts added.UBS maintained its buy rating with a $107 price target.Price: $85.99, Change: $-2.64, Percent Change: -2.98%

$DAL
Asia Markets

Update: US Equity Futures Fall Pre-Bell as Middle East Hostilities Restart, President Trump Declares US-Iran Ceasefire 'Over'

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures fell pre-bell Wednesday as President Donald Trump declared that the US ceasefire with Iran was "over" amid escalating hostilities in the region once again, sending oil prices soaring.Dow Jones Industrial Average futures were 0.9% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 0.8% lower.In a post on X, US Central Command said it struck 80 Iranian targets, including air defense systems and radar sites, as a response to Iran's attacks on three commercial ships transiting the Strait of Hormuz. The US also revoked a license that allowed Iran to sell oil around the world.Iran's Islamic Revolutionary Guard Corps said that they had targeted US military sites in Bahrain and Kuwait. The renewed conflict in the region has caused at least four oil and gas tankers to turn back from their attempt to pass by the waterway, according to a Reuters report citing date from Kpler and LSEG.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.5% at $77.45 per barrel and US West Texas Intermediate crude 4.3% higher at $73.46 per barrel.Traders await the minutes of the June 16-17 Federal Reserve policy session, the first under new chair Kevin Warsh, scheduled for release at 2pm ET.In other world markets, Japan's Nikkei closed 2.1% lower, Hong Kong's Hang Seng ended 3% higher, and China's Shanghai Composite finished 0.5% lower. Meanwhile, the UK's FTSE 100 was down 1%, and Germany's DAX index was 1.7% lower in Europe's early afternoon session.In equities, Walmart (WMT) shares rose nearly 1% after the company lowered prices on essentials and groceries, including beef, fresh produce, beverages and other products as part of a summer rollback measure, following an announcement from Trump that the retailer would lower its prices "by a lot" at his administration's request to celebrate the country's 250th birthday.The increase in oil prices boosted energy stocks in premarket activity. Exxon Mobil (XOM) shares were 1.3% higher, Chevron (CVX) stock was up 1.5%, and ConocoPhillips (COP) shares climbed 1.5%.On the losing side, airline stocks dropped on concerns over fuel costs and demand. Delta Air Lines (DAL) shares fell 2.3%, United Airlines (UAL) stock was down 2.9%, and Southwest Airlines (LUV) shares declined 2.2%.

Dow JonesNasdaq CompositeS&P 500$COP$CVX$DAL$LUV$UAL$WMT$XOM
Wire

BofA Securities Adjusts Delta Air Lines Price Target to $100 From $93

Delta Air Lines (DAL) has an average rating of Buy and mean price target of $90.45, according to analysts polled by FactSet.Price: $93.38, Change: $-0.27, Percent Change: -0.29%

$DAL
US Airlines Seen Setting Q3 Profit Guidance Above Consensus, UBS Says
US Markets

US Airlines Seen Setting Q3 Profit Guidance Above Consensus, UBS Says

US airlines are expected to issue above-consensus earnings guidance for the third quarter, while second-quarter profit likely met expectations, UBS Securities said Tuesday in a report.Jet fuel prices have fallen about 30% in the past month, and travel demand has stayed firm even as fares rose, the report said. Fuel costs had surged on Middle East supply disruptions, and prices have since eased after the US-Iran agreement to halt fighting and reopen the Strait of Hormuz.With fuel pressure easing from a year earlier and fares higher than in the second quarter, UBS expects revenue growth to accelerate in the third quarter.While there are some unit-cost headwinds for certain carriers, "the positive revenue and fuel dynamics are driving the expected EPS upside" for the third quarter," the report said.UBS projects low-double-digit to mid-teens revenue growth for major US airlines in the second quarter, with broadly in-line earnings.Demand remained solid through the quarter, consistent with company outlooks, and jet fuel generally tracked guidance assumptions, the report said.UBS named American Airlines Group (AAL) and United Airlines Holdings (UAL) as its top picks ahead of second-quarter results. American's profitability is highly sensitive to fuel prices and should benefit from strong industry demand, while United has "meaningful earnings upside" from revenue momentum and lower fuel costs, with room for full-year guidance to move higher, the report said.UBS reiterated its buy ratings on Delta Air Lines (DAL), Southwest Airlines (LUV) and Alaska Air Group (ALK).Price: $16.13, Change: $+0.05, Percent Change: +0.31%

$AAL$ALK$DAL$LUV$UAL
Wire

Airlines Gain on Pricing as 'Capacity Discipline' Becomes Key Into Summer, BofA Says

Airlines are benefiting from strong demand, rising fares and lower fuel costs alongside flat capacity, with future gains hinging on whether "capacity discipline" holds as comparisons tighten into the summer, BofA Securities said Monday in a report.The Airline Fare Consumer Price Index in May rose almost 27% from a year earlier, and the Air Passenger Services Producer Price Index increased 14%, the report said. The Airline Reporting Corp.'s average ticket price rose more than 18%, with economy fares continuing to outperform premium cabins for a third straight month, BofA said.Into June, Bank of America's "aggregated credit and debit card data suggests momentum remains intact, with airline spending returning to double-digit growth, supported by strength in spend per transaction," the report said.Near-term comparisons will tighten as the industry enters peak summer, following an easier Q2 backdrop, BofA said. Late June and July will be key in determining whether current demand strength can persist as comparisons from a year earlier normalize, the report said.BofA raised its price target to $93 from $78 on Delta Air Lines (DAL), to $145 from $140 on United Airlines (UAL), and to $16 from $14 on American Airlines (AAL).Delta shares rose 1.8% in Monday trading, United climbed 0.9%, and American advanced 2.8%.Price: $85.72, Change: $+1.54, Percent Change: +1.83%

$AAL$DAL$UAL
Wire

BofA Adjusts Price Target on Delta Air Lines to $93 From $78

Delta Air Lines (DAL) has an average rating of buy and mean price target of $84.49, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $85.55, Change: $+1.37, Percent Change: +1.63%

$DAL
Research

Research Alert: CFRA Reiterates Sell Opinion On Shares Of Delta Air Lines, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Oil prices are down 15% from May's $108 high on U.S.-Iran deal optimism. We maintain our Sell rating and raise our price target by $14 to $73. We lift our 2026 EPS estimate to $5.61 from $5.34 and 2027's to $6.89 from $5.98. Our target reflects 10.6x 2027 EPS, rolled forward from 11x 2026. Our estimates reflect lower fuel costs but remain below consensus on our view that oil/crack spreads may stay above 2024-2025 levels. We view DAL's cost structure favorably and believe the company can generate profits through this volatility, but current valuations and consensus estimates appear to reflect excessive optimism. The 2027 consensus of $8.08 implies full oil normalization and is 15% above our estimate. DAL's refinery vertical integration provides a partial hedge against crack spreads, and premium/corporate travel demand remains solid. However, with the stock pricing in a benign fuel environment, we see limited upside and maintain Sell. A key risk to our view is oil prices easing faster than expected.

$DAL

Showing 1-20 of 33

Track with the FINWIRES app suite

FolioX
FolioX
Track DAL in your portfolio
WheelAI
WheelAI
Analyze DAL options with the wheel strategy
StockInsider
StockInsider
See market sentiment on DAL
DAL News | FINWIRES