DAL Delta Air Lines, Inc.

XNYS 84.09 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

DAL $84.09 —
Key stats
$84.09
52-Week Range
$55.03 – $95.68
YTD
+21.76%
IV Rank (30D)
61.28
Straddle Price
$8.65
P/C Vol Ratio
0.48
Market Cap
$55.3B
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.26%
Beta vs SPY1.16
Cost of Equity (CAPM)11.67% (VRP-adj)
WACC10.44%
Volatility Risk Premium+16.2pp (IV − HV30), ERP adj +50bps
Effective Tax Rate20.8%
Rev. Growth (YoY, DCF input)-4.8%
DCF Horizon10 years explicit + fade
Free Cash Flow (TTM)$3.4B
Return on Equity (TTM)18.1%
Book / Price37.1% — banking bias active (P/B is primary)
Gross Margin (TTM)97.2%
FCF Margin (TTM)5.2%
Debt / Equity0.54
Quality Score3/6 — normal (10y DCF)
Market-Implied Growth+8.2% (reverse-DCF on current price)
SMA 50$84.04 (Market Anchor value)
SMA 20 / Bollinger Mid$81.14
Bollinger Width / SMA2014.5% (drives anchor stability)
Net Debt$6.0B
Market Cap$55B
Peers used for multiples: FDX, LUV, UAL (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
64%
20-Day Fair Value
≈ by Nov 2, 2026
$85.15
α +1.3% rank 34%
conviction
78%
40-Day Fair Value
≈ by Dec 1, 2026
$86.86
α +3.3% rank 17%
conviction
87%
60-Day Fair Value
≈ by Dec 30, 2026
$85.77
α +2.0% rank 6%
conviction
64%
MethodImplied PriceWeightDetail
DCF $35.40 21%
DDM (Gordon) $5.75 0%
Peer P/E $104.55 9% median 15.2× · 3 peers
Peer EV/EBITDA $149.43 9% median 8.0× · 3 peers
Peer P/B $67.40 2% median 2.2× · 3 peers
Peer P/S $67.87 6% median 0.7× · 3 peers
Market Anchor (SMA50) $84.04 32% stability 78% (BB-width)
Options Expected (B-L 30d) $84.40 21% 33 strikes · skew +0.81
As of 2026-10-02 · updated
About
Industry (SIC)
AIR TRANSPORTATION, SCHEDULED (4512)
Exchange
XNYS
Market Cap
$55.3B

Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
MonthAvg ReturnYears of Data
Jan -0.69% 21
Feb -3.72% 21
Mar -4.13% 21
Apr -0.69% 21
May +1.04% 22
Jun -1.30% 22
Jul -1.02% 22
Aug -5.77% 22
Sep -0.65% 23
Oct +7.48% 23
Nov +6.19% 21
Dec +2.94% 21
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $81.40
SMA 50: $84.08
SMA 200: $75.80
Current: $84.09
EMA 12: $83.04
EMA 26: $82.55
MACD: 0.4897 | Signal: 0.5928
BEARISH
ADX (14): 16.20
RANGE
+DI: 25.85
−DI: 19.46

Momentum Oscillators

RSI (14): 54.98
NEUTRAL
Stoch %K: 79.51
Stoch %D: 82.81
Williams %R: -22.41

Volume & Volatility

BB Upper: $86.20
BB Lower: $76.61
NEUTRAL
OBV: 56,497,384
Vol SMA 20: 7,364,671
Vol ROC: -67.43%
ATR: $2.36
True Range: $2.83
HV 20: 26.2%
HV 30: 26.8%
HV 60: 30.4%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-04T00:00:00 – 2026-10-02T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall Assessment: BULLISH (Confidence Level: 6/10)

Key Drivers:

  • Strong technical momentum signals, including a bullish MACD crossover
  • Neutral RSI reading suggests a potential consolidation phase
  • Low IV rank indicates historically low volatility

Primary Risks:

  • High beta and historical volatility suggest increased risk
  • Recent price action may be driven by short-term catalysts rather than fundamental trends

Investment Thesis:

DAL is poised for continued growth, driven by strong technical momentum and relatively low volatility. While the stock carries higher-than-average risk due to its beta and historical volatility, the bullish MACD crossover suggests a potential trend continuation.

Recent News Sentiment Impact:

The positive news headlines from recent days have contributed to the stock's upward momentum, particularly the article highlighting the busiest day for commercial air travel ever. This narrative supports the bull case, as increased demand can lead to higher revenue and profitability for airlines like DAL.

Technical Analysis

Trend Direction: Short-term (1-4 weeks) – Uptrend; Medium-term (1-3 months) – Neutral; Long-term (3-12 months) – Bullish

Support/Resistance Levels:

  • Upper Bollinger Band: $93.64
  • Middle Line (20-SMA): $87.30
  • Lower Bollinger Band: $80.95

Momentum Signals:

  • MACD crossover above signal line = bullish momentum
  • RSI reading of 53.09 indicates a neutral zone, suggesting potential consolidation
  • Stochastic %K and %D are both overbought, but the Williams %R is oversold

Volume Analysis:

  • Volume SMA 20: 5717303.50 (increasing volume)
  • On-Balance Volume (OBV): 65002806.67 (neutral OBV trend)
  • Volume Rate of Change: -31.06% (decreasing volume)

News & Sentiment Analysis

Recent Headlines Summary:

The recent news headlines have been mixed, with some articles highlighting positive trends in the airline industry and others discussing potential catalysts like earnings reports or regulatory changes.

Sentiment Assessment:

Aggregate sentiment is generally positive, driven by the recent bullish momentum and supportive news headlines. However, there are some neutral and bearish sentiments present, indicating caution from investors.

Catalyst Identification:

Upcoming events include earnings reports for major airlines, which could impact DAL's stock price. Regulatory changes, such as changes to air travel rules or government policies, may also influence the airline industry's performance.

Market Narrative:

The positive news headlines and technical momentum have aligned with each other, supporting the bullish thesis. However, the mixed sentiment and increasing volatility suggest that investors should remain cautious and monitor the situation closely.

Risk & Volatility Assessment

Risk Assessment: HIGH RISK (Confidence Level: 8/10)

Beta Interpretation:

The beta of 1.71 indicates a high level of risk relative to the market, suggesting increased volatility and potential for larger price movements.

Volatility Regime:

The current volatility regime is relatively high compared to historical levels, with a stock volatility reading of 0.40.

Options Market Signals:

  • IV rank: 1.5% (Low - historically low volatility)
  • Current IV: 40.3% (Relatively low)
  • Expected Move: $7.40 (32 DTE), 7-DTE: $2.77 (Moderate expected move)

Downside Protection:

Support levels to monitor include the upper Bollinger Band ($93.64) and the middle line (20-SMA) ($87.30). Stop-loss levels should be set accordingly to manage risk.

Market Context & Positioning

Sector Performance:

The airline sector has been performing relatively well, with some airlines experiencing strong growth and others facing challenges.

Institutional Activity:

Volume patterns suggest institutional interest in DAL, particularly from short-term traders.

Correlation Analysis:

The stock's correlation with the market is 0.55, indicating a moderate degree of synchronization.

Relative Valuation:

DAL is positioned within its trading range, with some resistance levels present (upper Bollinger Band).

Key Levels & Action Items

Critical Price Levels:

  • Upper Bollinger Band: $93.64
  • Middle Line (20-SMA): $87.30
  • Lower Bollinger Band: $80.95

Breakout/Breakdown Levels:

  • Resistance: $93.64
  • Support: $87.30, $80.95

Time-Sensitive Catalysts:

Earnings reports for major airlines and regulatory changes may impact DAL's stock price.

Risk Management:

Stop-loss levels should be set at the lower Bollinger Band ($80.95) or just above, depending on risk tolerance. Position sizing considerations should take into account the high beta and historical volatility of the stock.

Please let me know if you have any questions or need further clarification!

Generated
News
Earnings History
5 of 8 under expected move
Avg Expected Move
6.29%
Avg Actual Move
6.49%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2024-10-10 Pre-Market 5.98% 1.39% 0.23x Within
2025-01-10 After-Close 0.52% 2.75% 5.29x Exceeded
2025-04-09 Pre-Market 11.54% 23.92% 2.07x Exceeded
2025-07-10 Pre-Market 7.08% 11.78% 1.66x Exceeded
2025-10-09 Pre-Market 6.95% 4.05% 0.58x Within
2026-01-13 Pre-Market 6.60% 2.81% 0.43x Within
2026-04-08 Pre-Market 6.95% 3.44% 0.49x Within
2026-07-10 Pre-Market 4.69% 1.81% 0.39x Within

DAL Options Activity & IV Rank

DAL IV rank history, 52-week IV rank and IV percentile →

IV Rank (30D)
61.28
IV Rank (7D)
82.75
IV (30D ATM)
45.8%
Straddle (30D)
$8.65
Straddle (7D)
$5.48
P/C Volume
0.48
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
1.70
Correlation (SPY)
56.4%
R²
0.32
Ann. Volatility
39.3%
SPY Volatility
13.0%

High volatility - stock moves more than market

Beta & Alpha Over Time

DAL Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 653,000,000 (as of 2026-03-31)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

1,584 filers659,619,408 shares$60.06B value101.01% of float
# Filer Shares Value % of Total % of Float Period
1 Berkshire Hathaway Inc 57,320,000 $5.37B 8.94% 8.78% 2026-06-30
2 Vanguard Group Inc Custodian 74,552,264 $5.17B 8.61% 11.42% 2025-12-31
3 BlackRock, Inc. Custodian 45,106,139 $4.22B 7.03% 6.91% 2026-06-30
4 Vanguard Capital Management LLC 41,307,000 $3.87B 6.44% 6.33% 2026-06-30
5 FMR LLC Custodian 33,187,319 $3.11B 5.18% 5.08% 2026-06-30
6 Sanders Capital, LLC 29,129,629 $2.73B 4.54% 4.46% 2026-06-30
7 Vanguard Portfolio Management LLC 26,329,259 $2.47B 4.11% 4.03% 2026-06-30
8 State Street Corp 24,129,558 $2.26B 3.76% 3.70% 2026-06-30
9 Capital International Investors 20,689,945 $1.94B 3.23% 3.17% 2026-06-30
10 Geode Capital Management, LLC Custodian 18,511,900 $1.75B 2.92% 2.83% 2026-06-30
11 PRIMECAP Management Co 17,521,167 $1.64B 2.73% 2.68% 2026-06-30
12 HARRIS ASSOCIATES L P 17,329,926 $1.62B 2.70% 2.65% 2026-06-30
13 Bank of New York Mellon Corp Custodian 12,627,009 $1.18B 1.97% 1.93% 2026-06-30
14 Morgan Stanley Custodian 11,722,155 $1.10B 1.83% 1.80% 2026-06-30
15 Dimensional Fund Advisors LP Custodian 9,604,863 $899.59M 1.50% 1.47% 2026-06-30
16 AQR Capital Management, LLC Custodian 7,859,947 $731.68M 1.22% 1.20% 2026-06-30
17 JPMorgan Chase & Co Custodian 6,729,036 $626.94M 1.04% 1.03% 2026-06-30
18 Goldman Sachs Group Inc Custodian 6,344,026 $594.18M 0.99% 0.97% 2026-06-30
19 Newport Trust Company, LLC 6,216,343 $582.22M 0.97% 0.95% 2026-06-30
20 Northern Trust Corp Custodian 5,022,282 $470.39M 0.78% 0.77% 2026-06-30
21 Invesco Ltd. Custodian 5,003,694 $468.65M 0.78% 0.77% 2026-06-30
22 Life Cycle Investment Partners Ltd 4,797,621 $449.35M 0.75% 0.73% 2026-06-30
23 Charles Schwab Investment Management, Inc. 4,010,551 $375.63M 0.63% 0.61% 2026-06-30
24 Ninety One UK Ltd 3,881,580 $363.55M 0.61% 0.59% 2026-06-30
25 Vanguard Fiduciary Trust Co 3,651,162 $341.97M 0.57% 0.56% 2026-06-30
49 filers$1.69B notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $358.76M 21.23% 2026-06-30
2 Susquehanna International Group, LLP Custodian $295.83M 17.51% 2026-06-30
3 Jane Street Group, LLC Custodian $285.92M 16.92% 2026-06-30
4 IMC-Chicago, LLC Custodian $129.10M 7.64% 2026-06-30
5 Walleye Trading LLC $115.05M 6.81% 2026-06-30
6 Capital Markets Trading UK LLP $55.70M 3.30% 2026-06-30
7 Tidal Investments LLC $54.20M 3.21% 2026-06-30
8 Wolverine Trading, LLC Custodian $50.98M 3.02% 2025-09-30
9 Parallax Volatility Advisers, L.P. $39.87M 2.36% 2026-06-30
10 Millennium Management LLC Custodian $31.22M 1.85% 2026-06-30
11 Qube Research & Technologies Ltd $31.14M 1.84% 2026-06-30
12 Goldman Sachs Group Inc Custodian $29.88M 1.77% 2026-06-30
13 Barclays PLC Custodian $24.17M 1.43% 2026-06-30
14 Simplex Trading, LLC Custodian $22.44M 1.33% 2026-06-30
15 GROUP ONE TRADING LLC Custodian $20.66M 1.22% 2026-06-30
16 PEAK6 LLC $17.30M 1.02% 2026-06-30
17 CAPSTONE INVESTMENT ADVISORS, LLC $15.91M 0.94% 2026-06-30
18 Squarepoint Ops LLC $13.86M 0.82% 2026-06-30
19 TUDOR INVESTMENT CORP ET AL $13.45M 0.80% 2026-06-30
20 Citigroup Inc. Custodian $12.66M 0.75% 2026-06-30
21 Balyasny Asset Management L.P. $9.97M 0.59% 2026-06-30
22 Brevan Howard Capital Management LP $7.02M 0.42% 2026-06-30
23 CAPITAL FUND MANAGEMENT S.A. $4.99M 0.30% 2026-06-30
24 Walleye Capital LLC $4.98M 0.29% 2026-06-30
25 Eisler Capital Management Ltd. $4.89M 0.29% 2025-09-30
55 filers$1.85B notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $399.92M 21.64% 2026-06-30
2 Citadel Advisors LLC Custodian $218.05M 11.80% 2026-06-30
3 Jane Street Group, LLC Custodian $217.20M 11.75% 2026-06-30
4 Barclays PLC Custodian $92.02M 4.98% 2026-06-30
5 Walleye Trading LLC $85.82M 4.64% 2026-06-30
6 IMC-Chicago, LLC Custodian $72.12M 3.90% 2026-06-30
7 BNP Paribas Financial Markets Custodian $68.14M 3.69% 2026-06-30
8 Simplex Trading, LLC Custodian $53.32M 2.89% 2026-06-30
9 Parallax Volatility Advisers, L.P. $52.22M 2.83% 2026-06-30
10 Citigroup Inc. Custodian $51.80M 2.80% 2026-06-30
11 MASTERS CAPITAL MANAGEMENT LLC $46.83M 2.53% 2026-06-30
12 D. E. Shaw & Co., Inc. Custodian $44.09M 2.39% 2026-06-30
13 Centiva Capital, LP $38.19M 2.07% 2026-06-30
14 Wolverine Trading, LLC Custodian $36.74M 1.99% 2025-09-30
15 Capital Markets Trading UK LLP $36.66M 1.98% 2026-06-30
16 GROUP ONE TRADING LLC Custodian $26.45M 1.43% 2026-06-30
17 Balyasny Asset Management L.P. $23.61M 1.28% 2026-06-30
18 JPMorgan Chase & Co Custodian $22.74M 1.23% 2026-06-30
19 Qube Research & Technologies Ltd $21.09M 1.14% 2026-06-30
20 Goldman Sachs Group Inc Custodian $21.04M 1.14% 2026-06-30
21 Royal Bank of Canada Custodian $20.15M 1.09% 2026-06-30
22 Squarepoint Ops LLC $18.76M 1.02% 2026-06-30
23 Marshall Wace, LLP Custodian $18.73M 1.01% 2026-06-30
24 Millennium Management LLC Custodian $15.44M 0.84% 2026-06-30
25 HBK INVESTMENTS L P $14.70M 0.80% 2026-06-30

DAL Insider Trading (Form 4)

Latest: 2026-08-06
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-08-06 Michael P Huerta Director Sell (S) −3,100 $94.11 -$291.8K EDGAR
2026-08-06 Alain Bellemare EVP & Pres. - International Exer (M) −35,000 opt — EDGAR
2026-08-06 Steven M Sear EVP - Global Sales & Distrib Mixed — $72.39 -$1.71M EDGAR
2026-08-06 Alain Bellemare EVP & Pres. - International Exer (M) −35,000 opt — EDGAR
2026-08-06 Steven M Sear EVP - Global Sales & Distrib Mixed — $72.39 -$1.71M EDGAR
2026-08-06 Michael P Huerta Director Sell (S) −3,100 $94.11 -$291.8K EDGAR
2026-08-05 Peter W Carter President Mixed — $71.16 -$1.74M EDGAR
2026-08-05 Edward H Bastian Chief Executive Officer Mixed — $71.06 -$8.98M EDGAR
2026-08-05 David G Dewalt Director Sell (S) −31,756 $90.85 -$2.88M EDGAR
2026-08-05 Alain Bellemare EVP & Pres. - International Mixed — $66.25 -$1.85M EDGAR
2026-06-22 David S Taylor Director Award (A) +3,810 — EDGAR
2026-06-22 Sergio Rial Director Mixed +1,108 $84.18 -$107.1K EDGAR
2026-06-22 Leslie D. Hale Director Award (A) +2,380 — EDGAR
2026-06-22 Christophe Beck Director Award (A) +2,380 — EDGAR
2026-06-22 Kathy N Waller Director Award (A) +2,380 — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

DAL Insider Holdings

27 insiders · @ $84.09
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Edward H Bastian Chief Executive Officer 1,363,448 $114.65M -$154.52M 115 2026-08-05
2 Peter W Carter President 424,704 $35.71M -$14.72M 41 2026-08-05
3 Glen W Hauenstein President 417,463 $35.10M -$92.81M 87 2026-02-10
4 Daniel C. Janki EVP & Chief Operating Officer 381,937 $32.12M $0 15 2026-04-03
5 David S Taylor Director 226,010 $19.01M $2.89M 22 2026-06-22
6 Steven M Sear EVP - Global Sales & Distrib 144,864 $12.18M -$19.93M 39 2026-08-06
7 Alain Bellemare EVP & Pres. - International 130,025 $10.93M -$16.70M 26 2026-08-06
8 Allison C Ausband EVP & Chief People Officer 128,854 $10.84M -$2.38M 13 2026-05-28
9 Joanne D Smith EVP & Chief People Officer 85,123 $7.16M -$14.03M 56 2024-11-22
10 John E Laughter EVP & Chief of Operations 54,369 $4.57M -$7.20M 14 2026-04-15
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

DAL Proposed Insider Sales (Form 144)

Latest: 2026-08-05
Last 30d: 0 filings  ·  Last 90d: 6 filings · $33.1M notice value · 6 unique filers

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. Amendments (Form 144/A) and post-cancellation refilings can inflate this if you sum naively; the rollup above excludes filings with zero stated value.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: Bastian Edward H (1, $19.2M) · Sear Steven M (1, $3.8M) · Carter Peter W (1, $3.7M) · BELLEMARE ALAIN (1, $3.2M) · DEWALT DAVID G (1, $2.9M)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-08-05 Sear Steven M Officer 40,460 $3.79M 2026-08-05 Fidelity Brokerage Services LLC — EDGAR
2026-08-05 HUERTA MICHAEL P Director 3,100 $291.8K 2026-08-05 Fidelity Brokerage Services LLC — EDGAR
2026-08-04 Carter Peter W Officer 39,900 $3.71M 2026-08-04 Fidelity Brokerage Services LLC — EDGAR
2026-08-04 Bastian Edward H Officer, Director 206,510 $19.16M 2026-08-04 Fidelity Brokerage Services LLC — EDGAR
2026-08-04 BELLEMARE ALAIN Officer 35,000 $3.25M 2026-08-04 Fidelity Brokerage Services LLC — EDGAR
2026-08-03 DEWALT DAVID G Director 31,756 $2.88M 2026-08-03 Fidelity Brokerage Services LLC — EDGAR
2026-06-25 Laughter John E Former Officer 6,463 $603.1K 2026-06-25 Fidelity Brokerage Services LLC — EDGAR
2026-05-28 Laughter John E Former Officer 12,000 $990.8K 2026-05-28 Fidelity Brokerage Services LLC — EDGAR
2026-05-27 BELLEMARE ALAIN Officer 25,000 $2.04M 2026-05-27 Fidelity Brokerage Services LLC — EDGAR
2026-05-27 Ausband Allison C Officer 5,000 $404.5K 2026-05-27 Fidelity Brokerage Services LLC — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed.
Recent SEC Filings
Latest: 2026-04-08
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Accession Link
2026-04-08 0000027904-26-000020 EDGAR
2026-03-17 0001683168-26-001875 EDGAR
2026-03-05 0001683168-26-001510 EDGAR
2026-02-13 0001683168-26-001033 EDGAR
2026-01-27 0001683168-26-000578 EDGAR
2026-01-13 0000027904-26-000008 EDGAR
2025-12-17 0001683168-25-009232 EDGAR
2025-12-03 0001683168-25-008823 EDGAR
2025-10-09 0000027904-25-000018 EDGAR
2025-09-30 0001683168-25-007343 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-02-11 0000027904-26-000013 EDGAR
2025-02-11 0000027904-25-000004 EDGAR
2024-02-12 0000027904-24-000003 EDGAR
2023-02-10 0000027904-23-000003 EDGAR
2022-02-11 0000027904-22-000003 EDGAR
2021-02-12 0000027904-21-000003 EDGAR
2020-02-13 0000027904-20-000004 EDGAR
2019-02-15 0000027904-19-000003 EDGAR
2018-02-23 0000027904-18-000006 EDGAR
2017-02-13 0000027904-17-000004 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-04-08 0000027904-26-000022 EDGAR
2025-10-09 0000027904-25-000020 EDGAR
2025-07-10 0000027904-25-000012 EDGAR
2025-04-09 0000027904-25-000007 EDGAR
2024-10-10 0000027904-24-000012 EDGAR
2024-07-11 0000027904-24-000009 EDGAR
2024-04-10 0000027904-24-000006 EDGAR
2023-10-12 0000027904-23-000013 EDGAR
2023-07-13 0000027904-23-000009 EDGAR
2023-04-13 0000027904-23-000006 EDGAR
ETF Holders
# ETF Provider Weight $ Exposure ETF AUM As Of
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

P/E Ratio12.3
P/B Ratio2.5
P/S Ratio0.8
EV/EBITDA5.8
TTM Revenue$65.2B
TTM Net Income$4.5B
TTM EPS$6.86
ROE18.1%
Dividend Yield0.90%
Debt/Equity0.69