Delta Air Lines Inc

DAL is undergoing a Stage 2 corrective reset within a long-term uptrend, but a decisive support failure and bearish pivot into the declining 9/21 EMAs signal medium-term downside risk. Short-term EMAs are capping rallies, confirming unfavorable timing for longs. We prefer selling into rallies around the broken support-turned-resistance zone and the 9/21 EMA cap now acting overhead.

• ↑Projected 5–7% revenue growth next quarter driven by consumer & corporate travel
• ↑Generated record $4.6B free cash flow in 2025, reducing debt and boosting flexibility
• ↓Analysts cut earnings estimates, indicating downward revenue sustainability concerns