Delta Air Lines (DAL) is one of the top U.S. carriers, and its stock has been on investors’ radar. While DAL shares have risen about 3% over the past month, helped by easing tariff concerns, they are still down nearly 18% year-to-date. Ongoing fears of slowing travel demand and broader macro risks have weighed on the stock. Now, this weekend’s storm-related disruptions could further test sentiment, especially with Delta’s Q2 earnings report just around the corner.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Storm Disrupts Atlanta Hub, Delta Races to Restore Flights
Over the weekend, severe storms caused major flight disruptions at Delta’s busiest hub in Atlanta. Starting late Friday, June 28, lightning, hail, and strong winds halted airport operations and even forced air traffic controllers to temporarily evacuate the tower. Nearly 100 planes were inspected for hail damage, and more than 90 incoming flights had to be diverted.
On Saturday, Delta canceled 15% of its total flights. By Sunday, that figure had dropped to just 2% as crews worked quickly to restore normal operations. The airline apologized to affected customers, offered reimbursements, and shared regular updates through its app.
Investors Watching for Market Reaction
In terms of stock performance, Delta ended Friday’s regular session in the green, though it slipped slightly in after-hours trading. With markets reopening Monday, it’ll be worth watching how the stock moves in pre-market trading as investors digest the full impact of the weekend disruptions.
All Eyes on DAL’s Q2 Earnings
Delta will report second-quarter earnings on July 10. Investors will be watching closely to see how the airline handled the holiday rush and whether demand stayed strong.
For the upcoming second quarter, Wall Street analysts expect the company to report earnings of $2.01 per share, representing a 15% decrease year-over-year. Also, revenues are expected to decrease by 8% from the year-ago quarter to $15.37 billion, according to data from the TipRanks Forecast page.
Is DAL Stock a Buy or Sell?
On TipRanks, DAL stock scores a Strong Buy consensus rating based on 13 Buys and two Hold recommendations. The average DAL stock price target of $61.53 implies about 24.08% upside potential.
