US carriers American Airlines Group Inc (NASDAQ:AAL, XETRA:A1G) and Delta Air Lines Inc (NYSE:DAL) raised their first-quarter revenue guidance on Tuesday, signaling stronger-than-expected demand for air travel despite rising fuel costs. American now expects first-quarter revenue to grow more than 10% year-over-year, up from its previous 7% to 10% outlook.
Delta Air Lines CEO Ed Bastian says demand "has been really, really great," offsetting the impact of a surge in oil prices since the start of the Iran war.
Delta Air Lines, Inc. (DAL) Presents at JPMorgan Industrials Conference 2026 Transcript
Airline stocks climbed on Tuesday after major US carriers signalled that robust travel demand is helping cushion the impact of soaring fuel costs triggered by the escalating Middle East conflict, offering relief to a sector battered in recent weeks. Delta said the conflict in the Middle East has not dented travel demand so far, with both corporate and leisure segments showing strength across domestic and international markets.
Bastian told CNBC's Phil LeBeau that Delta had taken a $400 million hit so far for the fourth quarter, but that demand has been "really, really great."
Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE: DAL) by 46.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,475 shares of the transportation company's stock after selling
Buy the dip, but be patient.
Today, March 12, 2026, oil-linked stocks and defensive names climbed while travel, tech, and gold miners bore the brunt of the selloff.
Delta Air Lines (NYSE:DAL) has had a rough stretch heading into mid-March.
Delta Air Lines (DAL) closed the most recent trading day at $59.27, moving 2.16% from the previous trading session.
If WTI crude oil climbs to $100 a barrel over the next 12 months, both Delta Air Lines (DAL) and United Airlines (UAL) will see their 2026 earnings guidance evaporate, and their stocks, already down hard in 2026, will fall another 20% or more from current levels.
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