Delta cuts 2026 outlook as UBS lowers Delta Air Lines stock target to USD 102
Published on 10/16/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFuel costs reshape Delta outlook
- Delta Air Lines reduced its 2026 adjusted earnings range to USD 5.10-5.60 on October 9, 2026.
- Third-quarter adjusted earnings reached USD 1.72 per share against USD 1.76 expected.
- Delta Air Lines stock trades at EUR 69.57 at 10:11 a.m. CEST at Lang & Schwarz on October 16, 2026.
- UBS lowered its price target from USD 105 to USD 102 on October 12, 2026.
Delta Air Lines cut its 2026 adjusted earnings outlook to USD 5.10-5.60 per share on October 9, 2026, while UBS later lowered its target for Delta Air Lines stock from USD 105 to USD 102. CNBC reported the outlook cut after Delta missed quarterly earnings expectations.
Outlook falls as fuel costs rise
Delta Air Lines reported adjusted third-quarter revenue of USD 17.59 billion and adjusted earnings of USD 1.72 per share for the September quarter. Adjusted earnings were below the USD 1.76 consensus cited by CNBC, while adjusted revenue rose 16 percent from the prior year.
The main pressure came from fuel. CNBC said adjusted fuel expense rose 62 percent year over year to USD 4.14 billion, while adjusted operating margin narrowed to 9.4 percent from 11.1 percent.
What does UBS target mean?
UBS lowered its Delta target from USD 105 to USD 102 on October 12, 2026, while maintaining a Buy rating, according to Investing.com. The change reflects higher costs, but the target remains above the current US market quotation cited in the report.
Three dates define the reset
On October 9, 2026, Delta reported USD 17.59 billion in adjusted revenue and cut its annual earnings range. On October 12, 2026, UBS reduced its target to USD 102 from USD 105. On October 16, 2026, the Lang & Schwarz quote stood at EUR 69.57 at 10:11 a.m. CEST.
Stock reference for investors
Delta's latest results show the central trade-off: adjusted revenue grew 16 percent, yet fuel expense rose 62 percent. That combination leaves profitability more exposed to energy costs than the revenue trend alone suggests.
Delta Air Lines stock was trading at EUR 69.57 at Lang & Schwarz on October 16, 2026 at 10:11 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Delta Air Lines stock.
Delta Air Lines stock facts
- Company: Delta Air Lines, Inc.
- ISIN: US2473617023
- Ticker: DAL
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 16, 2026, 10:11 a.m. CEST): EUR 69.57
- Sector / Industry: Industrials / Airlines
Market context: Market report S&P 500.
