InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$75.37

2026-10-16

Market Cap

$49.6B

Volume

5.6M

52-Wk High

$95.68

52-Wk Low

$55.03

Trailing PE

15.0

P/S

0.69

Gross Margin

29.9%

Net Margin

4.6%

ROE

15%

ROIC

7%

Piotroski

8/9

Altman Z

1.4

1-Yr Return

+24.8%

5-Yr Return

+36.2%

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Santiago (Chile), Sao Paulo, Seoul-Incheon, and Tokyo. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages. The company operates through a fleet of approximately 1,314 aircraft. Delta Air Lines, Inc. was founded in 1924 and is headquartered in Atlanta, Georgia.

SectorIndustrialsIndustryAirlines, Airports & Air ServicesExchangeNYSEMarket Cap$49.6BEmployees100,000 (SEC-filed)CEOEdward H. BastianIPO2007-05-03CountryUS

1030 Delta Boulevard, Atlanta, GA 30354-1989 · Tel 404 715 2600 · delta.com

INSIDERSTREET SCORE41 / 100Street mean $100.00 (16 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$51M sold / 6 mo, zero open-market buys

INSIDERSTREET
SCORE41of 100

Score Breakdown

Profitability	34/100
Growth	33/100
Momentum	63/100
Quality	69/100
Earnings Quality	83/100
Balance Sheet	49/100
Value	59/100
Risk (safety)	30/100
Overall	40.6/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
UAL	41
LUV	52
LTM	54
AAL	13
CPA	55
FIX	81
DAL	41

IS Score Trend — quarterly

15 quarters, 23 Q1 to 26 Q3. Peak 52 in 23 Q3, latest 41 — -11 since. Fell in 2 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

1 Year vs S&P 500 · DAL +24.8% · S&P 500 +15.9% · spread +8.9pp

7 Years vs S&P 500 · DAL +36.2% · S&P 500 +189.9% · spread -153.6pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

BUSINESS QUALITY41 / 100IS Score 40.6 / 100 · -11.3 from peak of 52

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBEARISHTechnical Score 16 / 100 · Power -68 · 3 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit below the midpoint — business quality at 41 and price structure at 16 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 40.6	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 51 → 51 → 45 → 41	the direction matters more than the level
Technical vote share back above 50%	now 9%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,526 → now 1,526	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)1 buys2026-09-11

Insider Buys (180d)0none disclosed

ETF Funds (30d)1025 up / 1009 downnet +16 funds

Institutions Added (13F)181managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,526 · latest 1,526 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,526	584.1M	$53.9B	89.2%
2026 Q1	1,345	580.9M	$38.3B	88.7%
2025 Q4	1,334	556.0M	$38.2B	84.9%
2025 Q3	1,226	532.1M	$30.1B	81.2%
2025 Q2	1,192	535.6M	$25.9B	81.8%
2025 Q1	1,134	533.2M	$23.4B	81.4%
2024 Q4	1,223	529.0M	$31.7B	80.8%
2024 Q3	1,088	511.1M	$25.7B	78.0%
2024 Q2	1,097	496.8M	$24.0B	75.8%
2024 Q1	1,083	481.5M	$23.1B	73.5%
2023 Q4	1,070	446.6M	$18.3B	68.2%
2023 Q3	1,030	451.9M	$17.7B	69.0%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Huerta Michael P	director	2026-08-05	SELL	3,100	$0.29M	32,525
Sear Steven M	EVP - Global Sales & Distrib	2026-08-05	EXERCISE	40,460	$2.07M	144,864
Sear Steven M	EVP - Global Sales & Distrib	2026-08-05	SELL	40,460	$3.79M	104,404
Sear Steven M	EVP - Global Sales & Distrib	2026-08-05	EXERCISE	40,460	$2.07M	0
Bellemare Alain	EVP & Pres. - International	2026-08-04	EXERCISE	35,000	$1.39M	33,060
Carter Peter W	President	2026-08-04	EXERCISE	39,900	$1.97M	464,604
Carter Peter W	President	2026-08-04	SELL	39,900	$3.71M	424,704
Carter Peter W	President	2026-08-04	EXERCISE	39,900	$1.97M	0

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	15	611,361	$51.3M	Counted
M — Exercises (paired A/D)	7	354,120	$17.3M	None — mechanics
F — Tax withholding	1	1,272	$0.1M	None — compensation
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$51.3M15 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-08-05	Huerta Michael P	3,100	$0.3M
2026-08-05	Sear Steven M	40,460	$3.8M
2026-08-04	Bastian Edward H	206,510	$19.2M
2026-08-04	Bellemare Alain	35,000	$3.2M
Trailing 12 mo	36 filings	1,763,419	$134M

Filed	Form	Reporting person	% of class	Shares
2026-08-14	SCHEDULE 13G/A	National Indemnity Company	8.70%	57.3M sh
2026-08-06	SCHEDULE 13G	Abigail P. Johnson	5.10%	33.2M sh
2026-04-29	SCHEDULE 13G	Vanguard Capital Management	7.23%	47.3M sh
2026-03-26	SCHEDULE 13G/A	The Vanguard Group	—	exit/reporting change

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	BUY	$1,001 - $15,000	2026-09-11	2026-10-09
Ro Khanna	House	SELL	$1,001 - $15,000	2026-09-04	2026-10-09
Lisa C. McClain	House	SELL	$1,001 - $15,000	2025-10-31	2025-11-24
Dave McCormick	Senate	SELL	$250,001 - $500,000	2025-07-30	2025-08-02
Dave McCormick	Senate	SELL	$250,001 - $500,000	2025-07-30	2025-08-01
David Harold McCormick	Senate	SELL	$250,001 - $500,000	2025-07-30	2025-08-01

House 12-Mo7 trades3 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

13F Filers (last complete Q)1,345

13F Shares581M88.7% of shares out

New / Closed175 / 140positions, QoQ

Increased / Reduced572 / 385positions, QoQ

Put/Call (13F)0.89option positions

Free Float98.8%650M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Ninety One Uk Ltd	2.7M	$229M
Douglas Lane & Associates, Llc	1.4M	$120M
Valley Wealth Managers, Inc.	358,242	$30M
Assenagon Asset Management S.A.	284,727	$24M
Wealth Enhancement Advisory Servic	282,158	$21M
Generate Investment Management Ltd	190,246	$16M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.1%	$1.6B
VSMPX	0.1%	$1.6B
VTSAX	0.1%	$1.6B
VTI	0.1%	$1.6B
VFINX	0.1%	$1.3B
VFIAX	0.1%	$1.3B

13F Filers Holding DAL — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session46.5%2026-10-15

20-Day Avg53.3%50-day 58.1%

TrendFalling20d vs 50d

By Market CenterQ: 46% · N: 48% · B: 60%latest session

Weekly Notional ($B)

Where DAL Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	7.0M	66 sh
Ubsa Ubs Ats	6.7M	62 sh
Sgmt Sigma X2	3.4M	63 sh
Ebxl Level Ats	3.3M	37 sh
Mstx Ms Trajectory Cross (Ats-1)	2.9M	63 sh
Mspl Ms Pool (Ats-4)	2.7M	211 sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Where a dollar of Delta Air Lines, Inc. revenue goes. All values FY2025 filings, live.

Region	Revenue	Share
United States	$43.5B	71%
Atlantic	$10.5B	17%
Latin America	$4.6B	7%
Pacific	$3.0B	5%

DAL (live moat model)Peer median: UAL · LUV · LTM · AAL · CPA

Component scores from the live moat model. Peer median illustrative.

Moat score 38/100 — None; primary source Efficient Scale.

3.8 · Employees (SEC filings)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Officer	Title
Edward H. Bastian	Chief Executive Officer & Director
Glen William Hauenstein	Strategic Advisor
Erik Storey Snell	Executive Vice President & Chief Financial Officer
Alain Bellemare	EVP, President of Intl., Chairman of Delta TechOps & Chairman of Advisory Board of Delta MRO

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)3 of 6recent quarters

Avg Surprise+4.1%

Next Report2027-01-12

Income Quality4.05OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+74.9%	+69.2%	+14.8%	+6.2%	+2.8%
Gross profit	-148.8%	+423.2%	+39.1%	+6.7%	-12.6%
Operating income	-115.1%	+94.1%	+50.8%	+8.6%	-2.9%
Net income	-102.3%	+370.7%	+249.7%	-25.0%	+44.8%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	29.9	50.6	58.0	61.6	63.4
Cost of revenue	27.8	39.4	42.5	45.1	48.9
Gross profit	2.1	11.2	15.5	16.6	14.5
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	0.5	2.5	3.7	3.9	2.5
Operating income	1.9	3.7	5.5	6.0	5.8
EBITDA	3.7	5.1	8.8	7.9	8.0
D&A	2.0	2.1	2.3	2.5	2.4
Pretax income	0.4	1.9	5.6	4.7	6.2
Income tax	0.1	0.6	1.0	1.2	1.2
Net income	0.3	1.3	4.6	3.5	5.0
Diluted EPS ($)	0.44	2.06	7.17	5.33	7.66
Diluted shares (M)	641	641	643	648	654

Operating CF$8B

CapEx$5B

Free cash flow$4B

SBC$0B

Buybacks$0B

Net cash change$1B

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	3.3	2.7	3.1	4.3
ST investments	3.3	1.1	0.0	0.0
Receivables (net)	3.2	3.1	3.2	2.9
Total current assets	13.0	10.3	9.8	11.0
PP&E (net)	40.1	42.5	44.2	46.0
Goodwill + intangibles	15.7	15.7	15.7	15.7
Total assets	72.3	73.6	75.4	81.2
Accounts payable	5.1	4.4	4.7	5.2
Short-term debt	2.4	3.0	2.2	2.4
Deferred revenue	3.4	3.9	4.3	4.9
Total current liabilities	25.9	26.4	26.7	27.7
Long-term debt	20.7	17.1	14.0	12.5
Total liabilities	65.7	62.5	60.1	60.4
Shareholders' equity	6.6	11.1	15.3	20.8

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	1.3	4.6	3.5	5.0
D&A	2.1	2.3	2.5	2.4
Stock-based compensation	0.2	0.0	0.0	0.0
Working capital change	1.8	(0.0)	0.7	0.0
Operating cash flow	6.4	6.5	8.0	8.3
Capital expenditures	(6.4)	(5.3)	(5.1)	(4.5)
Investing cash flow	(6.9)	(3.1)	(3.7)	(4.2)
Buybacks	0.0	0.0	0.0	0.0
Dividends paid	0.0	(0.1)	(0.3)	(0.4)
Debt issuance / (repay)	(4.5)	(4.1)	(4.0)	(1.7)
Financing cash flow	(4.5)	(3.4)	(4.3)	(3.1)
Free cash flow	(0.0)	1.1	2.9	3.8

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	10.3%	25.2%	52.1%	26.2%	27.8%	15%
ROA	0.4%	1.8%	6.3%	4.6%	6.4%	3.8%
ROIC	4.9%	8.2%	13.1%	12.7%	12.6%	7.0%
Gross margin	7.1%	22.1%	26.7%	26.9%	22.8%	29.9%
Operating margin	6.3%	7.2%	9.5%	9.7%	9.2%	7.4%
Net margin	0.9%	2.6%	7.9%	5.6%	7.9%	4.6%
EBITDA margin	12.3%	10.0%	15.1%	12.8%	12.7%	10.3%
FCF margin	0.1%	-0.0%	2.0%	4.7%	6.1%	—
VALUATION
P/E	86.81	15.53	5.50	11.27	9.09	15.0
P/B	6.23	3.11	2.28	2.55	2.19	2.2
P/S	0.81	0.41	0.44	0.63	0.72	0.69
P/FCF	1513.67	-10243.18	22.18	13.51	11.85	8.7
EV/EBITDA	12.95	8.82	5.55	7.41	6.47	8.8
EV/Revenue	1.59	0.88	0.84	0.95	0.98	0.9
Earnings yield	1.2%	6.4%	18.2%	8.9%	11.0%	6.66%
FCF yield	0.1%	-0.0%	4.5%	7.4%	8.4%	11.45%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.76	0.50	0.39	0.37	0.40	0.40
Quick ratio	0.71	0.45	0.34	0.32	0.34	0.32
Debt / equity	8.92	4.65	2.46	1.49	1.02	0.84
Debt / assets	47.9%	42.4%	37.0%	30.2%	26.0%	21.9%
Net debt / EBITDA	6.36	4.77	2.67	2.49	1.74	2.04
Interest coverage	1.31	2.86	7.73	7.24	9.69	—

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.41	0.70	0.80	0.83	0.81	0.83
Receivables turnover	15.74	18.13	18.41	19.40	20.86	16.6
DSO (days)	23	20	20	19	17	22
DPO (days)	47	43	40	37	38	48
Cash conversion cycle	-11	-11	-8	-7	-9	-7
GROWTH (YoY)
Revenue growth	74.9%	69.2%	14.8%	6.2%	2.8%	—
Net income growth	102.3%	372.8%	249.4%	-25.0%	44.8%	—
EPS growth	102.2%	369.8%	247.8%	-25.9%	43.9%	—
FCF growth	100.3%	-112.5%	57200.0%	152.6%	33.2%	—
PER SHARE ($)
EPS (diluted, TTM)	0.44	2.06	7.16	5.30	7.63	5.02
Book value / share	6.10	10.27	17.24	23.46	31.64	34.37
Revenue / share	46.94	78.91	90.14	94.54	96.59	109.62
FCF / share	0.03	-0.00	1.77	4.42	5.86	8.67
Cash / share	17.77	10.19	6.01	4.71	6.57	5.78
SHAREHOLDER RETURN & SCORES
Buyback yield	0.0%	0.0%	0.0%	0.0%	0.0%	—
Altman Z-Score	0.61	0.83	1.16	1.34	1.48	1.4
Piotroski F-Score	7	7	7	6	6	8/9
Beneish M-Score	-2.80	-2.12	-2.64	-2.89	-2.51	-2.62

Model	Score	Zone	Note
Piotroski F-Score	8 / 9	Strong
Altman Z-Score	1.4	Distress (<1.81)	Distress
Income quality	4.05	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.62	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.75
Interest burden	0.91
Operating margin	6.7%
Asset turnover	0.87×
Financial leverage	4.01×
= ROE	16%

Growth Quality (live)	Value
Revenue stability	0.89
Earnings stability	0.63
Earnings persistence	0.88
Revenue CAGR 3y	7.8%
EPS CAGR 3y	-1.9%
FCF CAGR 3y	68.5%

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield0.00%

Dividend Yield1.07%

Total Shareholder Return0.95%cash yield

SBC / Revenue0.0%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
UAL	$31.2B	9.0	23%	4.6%	+8.5%	9/9	-2.1%
LUV	$19.3B	23.8	11%	2.8%	+9.5%	7/9	+20.8%
LTM	$13.6B	8.8	107%	3.0%	+20.1%	7/9	+9.1%
AAL	$7.9B	-24.2	8%	0.4%	+7.5%	4/9	-0.1%
CPA	$5.5B	8.7	23%	6.4%	+14.8%	7/9	—
FIX	$50.6B	35.4	55%	13.5%	+46.1%	9/9	—
WAB	$48.4B	38.5	12%	12.4%	+13.4%	7/9	—
ROK	$47.4B	39.9	35%	17.6%	+11.3%	9/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

45 Analysts

Str Sell (0)Sell (0)Hold (8)Buy (36)Str Buy (1)

Mean Target (qtr)$100.0016 targets

Target vs. Price+32.7%last-quarter mean

Next Report2027-01-12street $1.46

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$66.99B	$68.43B / $66.58B	$5.43	$5.61 / $5.20	13
FY2027	$71.42B	$72.21B / $70.21B	$7.44	$9.29 / $2.12	9
FY2028	$74.41B	$81.28B / $62.96B	$9.84	$11.74 / $4.93	7

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$100.25	+33.0%	12
Last Quarter	$100.00	+32.7%	16
Last Year	$97.46	+29.3%	48
All Time	$74.06	-1.7%	121

Rolling mean of published targets vs. last close $75.37. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B+

DCF

4/5

ROE

4/5

ROA

3/5

Debt/Eq

2/5

P/E

3/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

DAL +24.8% vs S&P 500 +15.9% — spread +8.9pp

Sector — XLI +10.7%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$81.89	-6.52	-7.96%	Below
SMA 50	$82.25	-6.88	-8.36%	Below
SMA 200	$76.23	-0.86	-1.13%	Below
EMA 9	$79.12	-3.75	-4.74%	Below
EMA 21	$80.65	-5.28	-6.55%	Below
EMA 50	$81.83	-6.46	-7.89%	Below
EMA 200	$76.66	-1.29	-1.68%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBEARISHPower Score -683 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%11

Momentum 25%9

Volume 20%25

Volatility 10%0

Patterns 15%38

This Week9% bullishof 11 price-based votes

4 Weeks Ago55%-46 pts since

12 Weeks Ago18%-9 pts since

ReadStabilizingweek-over-week trajectory

Price vs SMA 20$81.89

Price vs SMA 50$82.25

Price vs SMA 200$76.23

EMA 9/21 Cross79.1/80.7

SMA 50/200Golden

ADX DirectionADX 18

Supertrend$84

Parabolic SAR$83

SMA Slope-0.210

RSI33.5

Stochastic K/D10/12

StochRSI K/D10/6

Williams %R-100

CCI-177

TSI vs Signal-14.3

CMO-32.9

ROC-10.13%

OBV SignalDistrib

Chaikin MF0.110

MFI29

Force Index-4M

Elder Ray Bull-1.65

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 12

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$77.25 / $78.97 / $79.85	S1 / S2	$76.37 / $74.65
Bollinger (20,2)	$76.61 – $87.16	Squeeze	Off
52-wk range	$55.03 – $95.44	Off 52-wk high	-21.0%
ATR (14)	$2.56 (3.4%)	Historical vol	31.9%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+1.8%Jan42%

-2.7%Feb42%

-2.9%Mar53%

+1.2%Apr61%

+0.4%May63%

-2.9%Jun37%

+1.6%Jul53%

-0.2%Aug42%

+2.2%Sep63%

+6.5%Oct68%

+5.6%Nov68%

+4.5%Dec63%

Sample: 19 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	DAL	S&P 500
Weekly volatility (σ, 1y)	5.47%	1.83%
Best / worst week (1y)	+14.5% / -13.0%	—
Max drawdown (5y, monthly)	-64.4%	—
1-week VaR (95%)	-7.0%	—
Beta (5y)	1.29	1.00

DAL EQUITY WEATHER (LIVE)STORMY · -51

Trend-42

Momentum-67

Volume-44

Volatility-60

Breadth-32

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 635 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-50.5-18.0 vs industry

Trend-42.2-4.8 vs industry

Momentum-67.2-30.9 vs industry

Volume-44.5-10.0 vs industry

Reading	DAL	Airlines, Airports & Air Services n=266	Industrials n=9,922	All US symbols n=70,435
Overall	-50.5	-32.6	-24.1	-20.5
Trend	-42.2	-37.4	-26.2	-21.3
Momentum	-67.2	-36.3	-24.5	-15.8
Volume	-44.5	-34.5	-22.6	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Edward H. Bastian Chief Executive Officer	$19.2M	92% equity+incentive
Glen W. Hauenstein President	$10.1M	90% equity+incentive
Daniel C. Janki Executive Vice President & C	$7.5M	88% equity+incentive
Peter W. Carter Executive Vice President - C	$7.1M	88% equity+incentive
Alain M. Bellemare Executive Vice President	$6.4M	86% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	61
Social	63
Governance	76
Composite ESG	67

Composite ESG Trend

Filed	8-K contents	Items
2026-10-09	Earnings Release; Exhibits	2.02,9.01
2026-07-10	Earnings Release; Exhibits	2.02,9.01
2026-06-22	Shareholder Vote	5.07
2026-06-12	Material Agreement; Financial Obligation	1.01,2.03
2026-04-08	Earnings Release; Exhibits	2.02,9.01
2026-03-17	Regulation FD Disclosure; Financial Statements and Exhibits	7.01,9.01
2026-03-05	Departure/Election of Directors; Appointment of Officers; Financial St	5.02,9.01
2026-02-13	Departure/Election of Directors; Appointment of Officers	5.02

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2021-01-14 to 2026-10-09
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	81 rows · 2001 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-08-04 to 2026-08-05
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-03-26 to 2026-08-14
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Delta Air Lines, Inc. (DAL)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)

Institutions holding — 12 quarters

Delta Air Lines, Inc. (DAL)

Monthly Net Insider Flow (000 shares)

Signal Summary

Delta Air Lines, Inc. (DAL)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding DAL — quarterly

Institutional Put/Call — quarterly

Where DAL Trades in the Dark

Delta Air Lines, Inc. (DAL)

3.8 · Employees (SEC filings)

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)

Balance Sheet — Full

Cash Flow Statement — Full

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)

Street Price Target — Trajectory

Third-Party Composite Rating

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)

Family Scores (site weights)

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)

Delta Air Lines, Inc. (DAL)