New York, Feb 3, 2026, 05:24 (EST) — Premarket
Delta Air Lines shares surged 4.84% on Monday, closing at $69.08 and beating most major U.S. carriers amid a broad rally in airline stocks. In early Tuesday premarket trading, the stock slipped 0.1% to $69.01 as of 4:30 a.m. EST. Monday’s volume reached 10.1 million shares, well above the 50-day average of 7.7 million. Delta remains 5.58% below its 52-week high set on Jan. 6. Meanwhile, United Airlines Holdings Inc. climbed 4.92%, Southwest Airlines Co. gained 4.46%, and American Airlines Group Inc. rose 2.93%. (MarketWatch)
Fuel costs gave airlines a boost as oil prices tumbled over $3 a barrel Monday. U.S. President Donald Trump said Iran was “seriously talking” with Washington, sending Brent crude down 4.4% to settle at $66.30 and U.S. West Texas Intermediate sliding 4.7% to $62.14. (Reuters)
The wider market mood gave a lift. The S&P 500 finished Monday just below its record high. Energy stocks fell alongside crude prices, while cheaper fuel helped airline shares climb, the report noted. “The fundamentals are good and earnings are strong,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder. (Reuters)
Fuel ranks among the largest variable expenses for airlines, so traders closely watch crude price swings as a proxy for margins. Premarket action tends to be thin and volatile, with the main U.S. session kicking off at 9:30 a.m. ET.
Delta outlined its 2026 targets back in mid-January, aiming for earnings per share between $6.50 and $7.50, with free cash flow expected to hit $3 billion to $4 billion. CEO Ed Bastian commented that “2026 is off to a strong start,” as the airline forecasted first-quarter revenue growth of 5% to 7%. (Delta Air Lines)
Delta is also updating its long-haul fleet. Last week, the airline announced an order for 31 widebody jets from Airbus, with deliveries set to start in 2029, aiming to expand its international network and offer more premium seats. This move comes after a previous plan to add 30 Boeing 787-10s, Reuters reported. (Reuters)
Traders are closely monitoring if crude oil remains under pressure and if airline ticket prices stay firm heading into spring. Delta’s stock often tracks the broader sector on major oil moves, even without company-specific news.
The risk remains that the fuel boost could fade if Washington drags its feet. The U.S. House of Representatives is set to vote Tuesday on a funding deal following a partial government shutdown that started over the weekend. Key accounts, including those for the Pentagon and the U.S. Department of Transportation, have lapsed. So far, disruptions have been minimal since essential workers like air traffic controllers have stayed on the job. (Reuters)
Oil dipped again early Tuesday, slipping roughly 1%, with Brent crude at $65.62 a barrel and WTI at $61.54. Phillip Nova analyst Priyanka Sachdeva noted that prices are “likely to remain choppy and range-bound,” leaving airline fuel costs sensitive to news flow. For Delta shareholders, the next major trigger will be Friday’s U.S.-Iran nuclear talks in Turkey. (Reuters)
