Delta Air Lines Option Alert: Jul 18 $70 Calls at the Bid: 2300 vs 302 OI; Earnings 4/9 Before Open [est] 

Delta Air Lines Option Alert: Jul 18 $70 Calls at the Bid: 2300 @ $4.01 vs 302 OI; Earnings 4/9 Before Open [est] Ref=$63.3284

Delta Air Lines Option Alert: Apr 17 $70 Calls Sweep (6) near the Bid: 2938 vs 10958 OI; Earnings 4/9 Before Open [est] 

Delta Air Lines Option Alert: Apr 17 $70 Calls Sweep (6) near the Bid: 2938 @ $1.865 vs 10958 OI; Earnings 4/9 Before Open [est] Ref=$62.885

Delta Air Lines Option Alert: Apr 17 $65 Puts Sweep (44) near the Ask: 1501 vs 8782 OI; Earnings 4/9 Before Open [est] 

Delta Air Lines Option Alert: Apr 17 $65 Puts Sweep (44) near the Ask: 1501 @ $5.196 vs 8782 OI; Earnings 4/9 Before Open [est] Ref=$63.3

Delta Air Lines Option Alert: Apr 17 $60 Puts Sweep (63) near the Bid: 2363 vs 2011 OI; Earnings 4/9 Before Open [est] 

Delta Air Lines Option Alert: Apr 17 $60 Puts Sweep (63) near the Bid: 2363 @ $2.44 vs 2011 OI; Earnings 4/9 Before Open [est] Ref=$64.13

Delta Air Lines (NYSE:DAL) Azioni

Delta Air Lines

Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.

Delta Air Lines Jet Overturns At Toronto Pearson Airport Amid Snowstorm — 18 Injured, 3 Critical

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President Donald Trump was named the<a href="https://www.benzinga.com/media/24/12/42450651/donald-trump-to-be-named-time-person-of-the-year-beating-out-harris-musk-middleton-netanyahu-report"> Time Person of the Year</a> in 2024 and is one of the 100 people named to the 2025 Time Most Influential People list.
Aside from Trump and political leaders like J.D. Vance, Robert F. Kennedy Jr. and Javier Milei, the list also includes several CEOs of publicly traded U.S. companies.
Here's a look at that list.
What Happened: The Time 100 Most Influential list includes people across categories of artists, innovators, titans, leaders and pioneers and unlike the <a href="https://www.benzinga.com/general/social-media/24/09/40760039/elon-musk-less-influential-to-artificial-intelligence-than-scarlett-johansson-time-magazine-">Time 100 AI list </a>from last year that left Elon Musk out, includes the world's richest man.
The 2025 <a href="https://time.com/collections/100-most-influential-people-2025/">list </a>includes 16 corporate CEOs, which is a record for the annual list from the newsmagazine.
Here are the CEOs of publicly traded U.S. companies and their categories:
<ul>
<li>Elon Musk (Leaders): CEO of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Lisa Su (Titans): CEO of Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Mark Zuckerberg (Titans): CEO of Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Ted Sarandos (Titans): CEO of Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)</li>
<li>Alex Karp (Titans): CEO of Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</li>
<li>Ed Bastian (Titans): CEO of Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)</li>
<li>Doug McMillon (Titans): CEO of Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)</li>
<li>Stephen Squeri (Titans): CEO of American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</li>
<li>Larry Fink (Innovators): CEO of BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)</li>
</ul>
The list also included Tomáš Cihlář, who is a vice president at Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), for his work on HIV drugs.
Read Also: <a href="https://www.benzinga.com/general/education/24/06/39547388/happy-birthday-elon-musk-53-facts-and-figures-about-tesla-spacex-ceo-on-his-53rd-birthday">53 Facts And Figures About Tesla, SpaceX CEO Elon Musk On His 53rd Birthday</a>
Why It's Important: While many readers will know the names like Ed Sheeran, Scarlett Johansson, Demi Moore, Jalen Hurts, Simon Biles, Serena Williams and Snoop Dogg, the list of most influential offers a look at some of the top CEOs who have transformed their companies or led the companies through times of uncertainty.
"What he's built over the past 25 years is astonishing — a house of creativity that is constantly heading into the future," producer and writer Shonda Rhimes wrote of Sarandos. "Ted's genuine love of television and movies has helped him turn Netflix, and the streaming industry as a whole, into something that none of us can live without."
Musk's increased role in politics, including the newly created Department of Government Efficiency, led to his inclusion in the "leaders" category.
Time Magazine senior correspondent Simon Shuster wrote the description for Musk, highlighting past conquests from the billionaire like electric cars at Tesla, taking over Twitter and pushing into space with SpaceX.
"After spending nearly $290 million in 2024 to help elect Donald Trump and other Republican candidates, Musk has applied this same energy to the task of dismantling the federal bureaucracy," Shuster wrote.
While many Tesla and Musk fans were upset the billionaire was not included in the Time 100 AI List last year, Musk shared his best response to how he feels about accolades like making a top 100 list.
"Magazines do not establish relevance, history does," Musk said.
Read Next: 
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Photo: <a href="https://www.shutterstock.com/g/ssi77">ssi77</a> via Shutterstock

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Management

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Time 100 Most Influential People Includes Elon Musk, Mark Zuckerberg, Alex Karp And More Public Company CEOs

United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) shares <a href="https://www.benzinga.com/quote/UAL/analyst-ratings" target="_blank" rel="noreferrer noopener">traded lower on Wednesday.</a>
On Tuesday, the company reported first-quarter revenue of $13.21 billion, missing<a target="_blank" href="https://www.benzinga.com/general/travel/25/04/44826858/united-airlines-stock-takes-off-on-q1-earnings-strong-q2-forecast-fy-guidance-for-stable-and-recessionary-environments-impossible-to-predict" rel="noreferrer noopener">&nbsp;analyst estimates of $13.25 billion.</a> United estimated second-quarter adjusted earnings in the range of $3.25 to $4.25 per share.
Here are the key analyst takes on the stock, shared on Wednesday:
<ul>
<li>BofA Securities analyst Andrew G. Didora reiterated the Buy rating on the stock, with a price forecast of $100.</li>
<li>Goldman Sachs analyst Catherine O'Brien reiterated the Buy rating on United Airlines, with a price forecast of $92.</li>
</ul>
BofA Securities: Didora noted that, like Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), United Airlines has not experienced any further decline in bookings in recent weeks.
This stability allowed the company to provide a strong second-quarter 2025 earnings guidance.
Related Link:&nbsp;<a target="_blank" href="https://www.benzinga.com/trading-ideas/technicals/25/04/44811346/united-airlines-stock-hits-resistance-before-q1-earnings-can-analyst-optimism-fuel-a-rebound" rel="noreferrer noopener">United Airlines Stock Hits Resistance Before Q1 Earnings: Can Analyst Optimism Fuel A Rebound?</a>
The analyst described the quarter as well-executed and expressed confidence in United&#8217;s potential to outperform moving forward, citing its strong revenue from premium offerings, a robust loyalty program, and a healthy balance sheet as key drivers of its competitive edge.
The analyst suggested that United Airlines likely began reducing costs when it noticed weakening demand in early February, coinciding with the DOGE fare cuts.
The cost-cutting measures appear to have focused on improving operational efficiency, adjusting maintenance schedules, and speeding up the retirement of older aircraft.
These strategic moves likely served as key levers to manage expenses and preserve margins in response to softening market conditions, Didora adds.
The analyst noted that while a holiday shift may have slightly boosted booking numbers, the performance still appears strong—especially as investors closely watch for potential weakness in international demand due to tariff-related concerns.
Goldman Sachs: O'Brien pointed out that, amid growing investor concern around full-year earnings guidance due to an uncertain demand outlook, many expected airlines to either withdraw or significantly lower their forecasts.
However, United Airlines took a different route by presenting two potential scenarios.
In one case, where bookings remain consistent with recent weaker trends, the company is sticking with its original 2025 EPS forecast of $11.50 to $13.50.
In a more cautious, recessionary scenario, United expects earnings between $7.00 and $9.00, which is still above Goldman Sachs&#8217; illustrative estimate of $6.20 for a downturn.
These ranges compare to the current Street consensus of $10.52 and Goldman's estimate of $9.75.
O'Brien highlighted several key risks, including the possibility that increased competition could offset the benefits of United&#8217;s network restructuring plans.
There's also concern about potential further delays in aircraft deliveries and the chance that demand in the Asia-Pacific region may recover more slowly than expected, the analyst writes.
Price Action: UAL shares ended Wednesday down 0.01% at $66.99.
Read Next:
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Photo: Shutterstock

Analyst Ratings

Movers

General

United Airlines Holds The Line On Bookings—Analysts See Strength Beneath The Surface

Delta Air Lines's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) short percent of float has risen 8.94% since its last report. The company recently reported that it has 23.01 million shares sold short, which is 4.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.93 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Delta Air Lines Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744826431_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Delta Air Lines has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Delta Air Lines's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Delta Air Lines's peer group average for short interest as a percentage of float is 9.50%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Is Delta Air Lines Gaining or Losing Market Support?

Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) shares were trading higher by 2.1% to $41.67 at Wednesday&#8217;s open, before pulling back. The stock was potentially moving higher in early trading in sympathy with peer United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) after the company reported <a href="https://www.benzinga.com/general/travel/25/04/44826858/united-airlines-stock-takes-off-on-q1-earnings-strong-q2-forecast-fy-guidance-for-stable-and-recessionary-environments-impossible-to-predict">better-than-expected</a> first-quarter EPS results and guidance.
What To Know: Despite United narrowly missing revenue estimates, its earnings per share of 91 cents surpassed forecasts, driven by double-digit gains across premium cabin, cargo and loyalty revenue.
For Delta, <a href="https://www.benzinga.com/general/travel/25/04/44833164/united-airlines-to-cut-back-on-flights-this-summer-as-it-anticipates-decline-in-demand">United's performance</a> points to positive industry-wide trends, particularly in high-margin segments where Delta is a market leader. United's growth in premium and business travel—up 9.2% and 7.4% respectively—indicates corporate demand recovery, a critical revenue stream for Delta's flagship transcontinental and international routes.
Read Also: <a href="https://www.benzinga.com/25/04/44837898/chinese-stocks-slide-as-trump-tariffs-surge-to-245-sparking-fears-of-price-hikes-and-delistings">Why Are US-Listed Chinese Stocks Falling On Wednesday?</a>
Additionally, United's improved cost efficiency, highlighted by a 3.4% decline in CASM, bodes well for Delta, which has aggressively managed expenses amid rising capacity.
Strong free cash flow and confident 2025 earnings guidance—$11.50–$13.50 per share in a stable economy—further suggest resilient travel demand. Investors are likely extrapolating similar tailwinds for Delta, whose financials and customer loyalty programs often outperform peers.
Read Also: <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">Nvidia Stock Is Tumbling After Hours: Here&#8217;s Why</a>
<h2 class="wp-block-heading">How To Buy DAL Stock</h2>
By now you're likely curious about how to participate in the market for Delta Air Lines &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Delta Air Lines, which is trading at $41.18 as of publishing time, $100 would buy you 2.43 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, DAL has a 52-week high of $69.98 and a 52-week low of $34.74.

What's Going On With Delta Air Lines (DAL) Shares?

WIIM

RYAAY

SKYW

Shares of airline stocks are trading higher in sympathy with United Airlines which reported a Q1 earnings beat.

Whales with a lot of money to spend have taken a noticeably bullish stance on Delta Air Lines.
Looking at options history for Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 26% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $790,771 and 7, calls, for a total amount of $435,680.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $37.0 to $55.0 for Delta Air Lines during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Delta Air Lines's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Delta Air Lines's whale activity within a strike price range from $37.0 to $55.0 in the last 30 days. 
<h3>Delta Air Lines 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744740080_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.8</td>
<td>$6.75</td>
<td>$6.8</td>
<td>$42.00</td>
<td>$342.9K</td>
<td>4.0K</td>
<td align="right">376</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$2.04</td>
<td>$1.99</td>
<td>$2.04</td>
<td>$40.00</td>
<td>$137.3K</td>
<td>9.9K</td>
<td align="right">694</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.05</td>
<td>$6.4</td>
<td>$6.85</td>
<td>$42.00</td>
<td>$124.6K</td>
<td>1.2K</td>
<td align="right">202</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/25/25</td>
<td>$1.52</td>
<td>$1.24</td>
<td>$1.52</td>
<td>$41.00</td>
<td>$121.6K</td>
<td>263</td>
<td align="right">801</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.15</td>
<td>$42.00</td>
<td>$100.8K</td>
<td>2.4K</td>
<td align="right">321</td>
</tr>
</tbody>
</table>

<h3>About Delta Air Lines</h3>
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.
After a thorough review of the options trading surrounding Delta Air Lines, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Delta Air Lines's Current Market Status</h3>
<ul>
<li>With a trading volume of 5,036,871, the price of DAL is up by 2.36%, reaching $41.25.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 86 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Delta Air Lines</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $51.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Jefferies downgraded its rating to Hold, setting a price target of $46. 
&#x2A; Maintaining their stance, an analyst from Raymond James continues to hold a Strong Buy rating for Delta Air Lines, targeting a price of $62. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Delta Air Lines, which currently sits at a price target of $56. 
&#x2A; Reflecting concerns, an analyst from UBS lowers its rating to Neutral with a new price target of $42. 
&#x2A; Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Delta Air Lines, targeting a price of $50. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Delta Air Lines options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Spotlight on Delta Air Lines: Analyzing the Surge in Options Activity

The number of Canadian tourists visiting the U.S. has taken a significant hit, potentially resulting in a $6 billion economic loss for the year, as per reports.
What Happened: The number of Canadians traveling to the U.S. has seen a notable decline. According to Statistics Canada, road trips—which make up the bulk of Canadian visits—dropped by 32% in March compared to the same month in 2024. Air travel also fell, with a 13.5% decrease reported.
The U.S. Travel Association (USTA) had earlier cautioned that even a 10% drop in Canadian tourism could lead to a $2.1 billion loss and put 140,000 jobs in jeopardy in the hospitality and associated sectors. If the decline of over 30% in Canadian visitors persists, it could result in over $6 billion in losses to the U.S. economy in 2025, <a href="https://www.forbes.com/sites/suzannerowankelleher/2025/04/14/canadian-travel-usa-boycott-escalates/">Forbes </a>reported.
This downturn marks&nbsp;the third straight month of&nbsp;significant declines in Canadian car travel to the U.S., following a 23% year-on-year&nbsp;decline in car travel and&nbsp;a 2.4% reduction in air&nbsp;travel in February. This trend started&nbsp;after President Donald Trump announced&nbsp;tariffs and referred to Canada as &#8220;the 51st state&#8221;.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44800348/bitcoin-ethereum-xrp-dogecoin-go-sideways-but-this-trader-says-you-shouldnt-long-one-of-them" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Go Sideways But This Trader Says You &#8216;Shouldn&#8217;t Long&#8217; One Of Them &#8211; Benzinga</a>
Why It Matters: The decline in Canadian tourism <a href="https://www.benzinga.com/25/04/44592941/canadian-tourism-decline-poses-risk-to-us-airlines-hotels-and-theme-parks-details">was anticipated</a> to have a significant impact on U.S. airlines, hotels, and theme parks. Goldman Sachs analyst Lizzie Dove had warned that a 10% decline could result in 2 million fewer visits and&nbsp;$2.1 billion in lost spending&nbsp;to the U.S.
As a result of this, United Airlines&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and Delta&nbsp;Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) which have significant partnerships with Air Canada and WestJet, respectively, are cutting down on Canada-U.S. flights while also reducing capacity in this route, as per Visual Approach Analytics.
Moreover, the &#8216;<a href="https://www.benzinga.com/personal-finance/25/04/44766548/us-brands-poised-to-lose-billions-of-dollars-in-sales-as-buy-canadian-movement-grows">Buy Canadian</a>&#8216; movement, which started in response to President Trump&#8217;s tariff threats, has been gaining momentum since early 2025. This movement, which encourages Canadians to buy from domestic brands rather than American brands, has begun to impact many U.S. retailers. 
According to Reuters, Canada imported $350 billion worth of U.S.-made goods in 2024, making it the United States&#8217; top trading partner. If the boycotts persist, brands risk losing billions of dollars in sales this year.
The shares of United Airlines plunged more than 11% over the past month, while Delta Air Lines stock lost nearly 24% over the last six months, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/44780394/andrew-yang-wonders-if-something-goes-down-10-and-then-up-10-are-you-back-where-you-started" target="_blank" rel="noreferrer noopener">Andrew Yang Wonders, &#8216;If Something Goes Down 10% And Then Up 10%, Are You Back Where You Started?&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Canadian Travel To US Nosedives: Road Trips Down 32%, Air Travel Slips 13.5% — Report Warns Of Over $6 Billion In Economic Losses

Whales with a lot of money to spend have taken a noticeably bearish stance on Delta Air Lines.
Looking at options history for Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) we detected 37 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 23 are puts, for a total amount of $2,058,970 and 14, calls, for a total amount of $1,413,825.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $23.0 to $60.0 for Delta Air Lines during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Delta Air Lines options trades today is 2203.53 with a total volume of 17,835.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Delta Air Lines's big money trades within a strike price range of $23.0 to $60.0 over the last 30 days.
<h3>Delta Air Lines 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744315228_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$3.75</td>
<td>$3.65</td>
<td>$3.66</td>
<td>$40.00</td>
<td>$367.0K</td>
<td>5.7K</td>
<td>269</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.15</td>
<td>$4.1</td>
<td>$4.15</td>
<td>$39.00</td>
<td>$331.6K</td>
<td>409</td>
<td>825</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$1.37</td>
<td>$1.36</td>
<td>$1.37</td>
<td>$48.00</td>
<td>$312.2K</td>
<td>240</td>
<td>2.5K</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$6.6</td>
<td>$6.5</td>
<td>$6.6</td>
<td>$45.00</td>
<td>$198.0K</td>
<td>5.5K</td>
<td>318</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$2.48</td>
<td>$2.25</td>
<td>$2.25</td>
<td>$40.00</td>
<td>$182.0K</td>
<td>2.3K</td>
<td>1.9K</td>
</tr>
</tbody>
</table>

<h3>About Delta Air Lines</h3>
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.
Following our analysis of the options activities associated with Delta Air Lines, we pivot to a closer look at the company's own performance.
<h3>Delta Air Lines's Current Market Status</h3>
<ul>
<li>Trading volume stands at 16,619,783, with DAL's price down by -11.53%, positioned at $39.17.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 91 days.</li>
</ul>
<h3>What Analysts Are Saying About Delta Air Lines</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $59.2.
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&#x2A; An analyst from Citigroup persists with their Buy rating on Delta Air Lines, maintaining a target price of $72. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Delta Air Lines, which currently sits at a price target of $56. 
&#x2A; Maintaining their stance, an analyst from Raymond James continues to hold a Strong Buy rating for Delta Air Lines, targeting a price of $62. 
&#x2A; Reflecting concerns, an analyst from Jefferies lowers its rating to Hold with a new price target of $46. 
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Delta Air Lines with a target price of $60. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Delta Air Lines options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Behind the Scenes of Delta Air Lines's Latest Options Trends

B Of A Securities analyst Andrew G. Didora revised estimates for Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) following its first-quarter FY25 <a href="https://www.benzinga.com/quote/DAL/analyst-ratings" target="_blank" rel="noreferrer noopener">results reported on Wednesday</a>.
Delta reported operating revenue growth of 2% year-over-year to $14.04 billion, beating the consensus of $13.02 billion. Adjusted EPS was $0.46 (+2% YoY),<a target="_blank" href="https://www.benzinga.com/25/04/44710071/delta-air-lines-q1-flies-past-expectations-grounds-fy25-outlook-amid-economic-uncertainty" rel="noreferrer noopener"> beating the consensus of $0.38</a>.
The company stated that it is not reaffirming its full-year 2025 financial guidance and plans to provide an update later in the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">year as market visibility improves</a>.
The analyst notes that the company has guided for flat capacity in the second half of the year, which is down from prior expectations of growth of nearly 4%.
Diadora lowered the second-quarter revenue growth forecast to the low end of Delta's projected -2% to +2% range and is carrying that run rate through year-end.
Notably, after the January earnings call, the analyst predicted second-quarter revenue growth of 7.7% and a full-year forecast of +8.2%.
At current fuel prices and with unit costs up 2.5%, Diadora cut the 2025 EPS estimate to $5.20 from $6.40 and slashed EPS estimates for 2026 to $5.94 (from $7.40) and 2027 to $6.35 (from $7.93).
The analyst writes that Delta's cabin segmentation strategy, enhanced product offerings, profitable loyalty program, and expected free cash flow of $1.0 billion in 2025 (based on revised estimates) position it to emerge stronger than its peers.
Diadora maintained the price forecast at $56 with a Buy rating.
Investors can gain exposure to the stock via the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and the Defiance Hotel, Airline, and Cruise ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUZ#NYSE">CRUZ</a>).
Price Action: DAL shares are down 11.4% at $39.22 at the last check on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/04/44717398/tech-stocks-rebound-as-us-treasuries-tumble-whats-driving-markets-wednesday" target="_blank" rel="noreferrer noopener">Tech Stocks Rebound As US Treasuries Tumble: What&#8217;s Driving Markets Wednesday?</a></li>
</ul>
Photo: Shutterstock

Large Cap

Reiteration

CRUZ

BofA Slashes Delta Air Lines Estimates For 2025 And Beyond Amid Capacity, Revenue Challenges

AAL,ABNB,ALGT,ALK,BA,BKNG,CCL,CUK,DAL,EXPE,H,HGV,HLT,JBLU,JTAI,LUV,MESA,NCLH,RCL,RYAAY,SKYW,TH,UAL,WH
AAL,ABNB,ALGT,ALK,BA,BKNG,CCL,CUK,DAL,EXPE,H,HGV,HLT,JBLU,JTAI,LUV,MESA,NCLH,RCL,RYAAY,SKYW,TH,UAL,WH

ALGT

JBLU

MESA

SNCY

SRFM

ULCC

Shares of travel and tourism-related companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

JTAI

Shares of travel and tourism-related companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Wall Street saw a tentative tech rebound early Wednesday, as investors begin to shrug off escalating U.S.-China trade tensions following <a href="https://www.benzinga.com/markets">a steep market selloff.</a>
After the Trump administration announced a dramatic hike in tariffs on Chinese goods to 104% starting Wednesday, Beijing retaliated with an 84% tariff on American products. U.S. Treasury Secretary Scott Bessent defended the aggressive trade stance, claiming the impact would ultimately backfire on China.
President Donald Trump took to Truth Social, writing, &#8220;BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!&#8221; 
He encouraged investors by stating, &#8220;this is a great time to buy, DJT,&#8221; likely referring to Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), rather than the Dow Jones Transportation Index, which has dropped 18% since the tariff news broke.
Yet, broader risk sentiment remains subdued, with investors awaiting either a softer tone from the White House or a signal from the Federal Reserve—though both hopes appear to be fading.
By mid-morning in New York, tech stocks staged a rebound, lifting the Nasdaq 100 by 0.9%. Yet, the S&amp;P 500 and Dow Jones Industrial Average remained flat, while the Russell 2000 continued to underperform.
Meanwhile, U.S. Treasuries were failing to provide their traditional safe-haven support amid heightened uncertainty and volatility.
The 10-year Treasury yield surged 10 basis points to 4.40%, triggering a sharp selloff in medium- and long-dated bonds. The popular iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) dropped 1.8%, extending its three-day slide to 6.6%—its worst performance since March 2020.
Gold prices, on the other hand, soared over 3% to $3,075 per ounce, on track for their strongest daily gain since October 2023.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also advanced, rising 1.4% to $77,289.
<h2 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,243.25</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>4,980.40</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>37,576.14</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,744.85</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 11:25 a.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.3% up to $498.23.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.1% up to $376.72.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 1% to $420.50.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.9% to $173.58</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1.6%; the&nbsp;Utilities&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.9%.</li>
</ul>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Performers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)</td>
<td>38.43</td>
<td>7.11%</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>82.60</td>
<td>5.62%</td>
</tr>
<tr>
<td>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>18.97</td>
<td>4.62%</td>
</tr>
<tr>
<td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>231.56</td>
<td>4.37%</td>
</tr>
<tr>
<td>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</td>
<td>51.35</td>
<td>4.36%</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>179.89</td>
<td>4.33%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Worst 5 Losers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>)</td>
<td>50.29</td>
<td>-5.24%</td>
</tr>
<tr>
<td>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>)</td>
<td>167.51</td>
<td>-4.64%</td>
</tr>
<tr>
<td>Alexandria Real Estate Equities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>)</td>
<td>73.55</td>
<td>-4.41%</td>
</tr>
<tr>
<td>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>33.49</td>
<td>-4.40%</td>
</tr>
<tr>
<td>Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>)</td>
<td>54.50</td>
<td>-4.34%</td>
</tr>
</tbody>
</table>
</figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44710975/wall-streets-american-exceptionalism-trade-falters-as-dollar-stocks-bonds-all-slide">Wall Street&#8217;s &#8216;American Exceptionalism&#8217; Trade Falters As Dollar, Stocks, Bonds All Slide</a></li>
</ul>
Photo: Ryan DeBerardinis/Shutterstock

$BTC

AAPL

ABBV

SPDR Dow Jones Industrial Average ETF Trust

INCY

INTC

SWKS

iShares Trust Barclays 20+ Year Treasury Bond Fund

Select Sector SPDR-Consumer Discretionary

Tech Stocks Rebound As US Treasuries Tumble: What's Driving Markets Wednesday?

U.S. stocks were higher, with the Dow Jones index surging over 300 points on Wednesday.
Shares of The Simply Good Foods Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) rose sharply during Wednesday's session following better-than-<a href="https://in.benzinga.com/25/04/44709659/why-packaged-food-company-simply-good-foods-stock-is-gaining-today">expected quarterly results</a>.
The company, led by CEO Geoff Tanner, reported second-quarter FY25 sales growth of 15% year-on-year to $359.65 million. It beat the analyst consensus estimate of $354.4 million. Adjusted EPS of 46 cents beat the consensus estimate of 40 cents.
The Simply Good Foods shares jumped 9.4% to $36.32 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) shares jumped 20% to $1.4399 after the company announced preliminary first quarter revenue and reiterated 2025 revenue guidance of $155 million to $170 million.</li>
<li>Peabody Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTU#NYSE">BTU</a>) gained 14.4% to $12.86. Shares of coal stocks traded higher after President Trump signed an executive order aimed at boosting the coal industry.</li>
<li>Nutex Health Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUTX#NASDAQ">NUTX</a>) rose 12.7% to $95.75. Maxim Group analyst Anthony Vendetti maintained Nutex Health with a Buy and raised the price target from $75 to $100.</li>
<li>Kura Sushi USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) climbed 11.9% to $46.40. Kura Sushi USA posted downbeat results for its second quarter. The company also said it sees FY25 total sales of $275 million to $279 million, versus market estimates of $280.741 million</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) shares gained 11.5% to $6.48. Shares of precious metals stocks traded higher amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) rose 11.1% to $14.40 amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.</li>
<li>AngloGold Ashanti plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) jumped 10% to $36.46. Shares of precious metals stocks traded higher amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) rose 8% to $5.20. Shares of precious metals stocks traded higher amid strength in gold and silver. Trade war concerns and macro uncertainty could lift demand for safe-haven assets.</li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) gained 7.3% to $38.49 following upbeat quarterly results.</li>
<li>Akso Health Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHG#NASDAQ">AHG</a>) gained 5.8% to $0.9257.</li>
<li>Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) rose 5.5% to $45.53. Citigroup analyst Paul Lejuez maintained Urban Outfitters with a Buy and lowered the price target from $65 to $54</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44709125/this-apple-analyst-is-no-longer-bearish-here-are-top-5-upgrades-for-wednesday">This Apple Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday</a></li>
</ul>
Photo via Shutterstock

Intraday Update

NUTX

PACB

URBN

Simply Good Foods, Pacific Biosciences of California, Kura Sushi, Delta Air Lines And Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.22% to 37,561.88 while the NASDAQ climbed 0.86% to 15,399.10. The S&amp;P 500 also rose, gaining, 0.12% to 4,988.76.
Check This Out: <a href="https://www.benzinga.com/25/04/44709125/this-apple-analyst-is-no-longer-bearish-here-are-top-5-upgrades-for-wednesday">This Apple Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday</a>
Leading and Lagging Sectors Information technology shares surged by 1.4% on Wednesday.
In trading on Wednesday, real estate shares fell by 2%.
Top Headline
Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) reported better-than-expected first-quarter 2025 results on Wednesday.
Delta reported fourth-quarter operating revenue growth of 2% year-over-year to $14.04 billion, beating the consensus of $13.02 billion. Adjusted EPS was 46 cents (+2% YoY), beating the consensus of 38 cents.
For the second quarter, DAL said it sees total revenue to be down 2% to up 2% over the prior year, with an operating margin of 11%—14%. Adjusted earnings per share are expected between $1.70 and $2.30 versus the $2.39 estimate.
Delta is not reaffirming its full-year 2025 financial guidance and plans to provide an update later in the year as market visibility improves.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) shares shot up 320% to $12.10 after the company announced it secured $23.24 million in bridge financing from Madryn Health Partners.</li>
<li>Shares of Phio Pharmaceuticals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>)got a boost, surging 69% to $1.7101 after the company announced its Safety Monitoring Committee recommended dose escalation in the Phase 1b trial of PH-762.</li>
<li>22nd Century Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares were also up, gaining 81% to $1.90 after the company announced new agreements from former customers to supply filtered cigar products.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Femto Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMTO#NASDAQ">FMTO</a>) shares dropped 96% to $0.1000.</li>
<li>Shares of Vincerx Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) were down 55% to $0.2450 after the company announced it terminated its letter of intent with Global Digital regarding a potential merger.</li>
<li>SUNation Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNE#NASDAQ">SUNE</a>) was down, falling 28% to $0.0217. The company recently announced it closed the final tranche of its registered direct offering.</li>
</ul>
Commodities In commodity news, oil traded down 6.1% to $55.94 while gold traded up 2.5% at $3,064.60.
Silver traded up 1.6% to $30.145 on Wednesday, while copper rose 0.2% to $4.1515.
Euro zone
European shares were lower today. The eurozone's STOXX 600 dipped 4.5%, Germany's DAX 40 dipped 4.2% and France's CAC 40 tumbled 4.2%. Spain's IBEX 35 Index fell 3.6%, while London's FTSE 100 fell 3.6%.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 3.93%, China's Shanghai Composite gaining 1.31%, Hong Kong's Gang Seng index rising 0.68% and India's BSE Sensex falling 0.51%.
Economics
U.S. mortgage application volumes climbed by 20% from the previous week during the first week of April.
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Photo via Shutterstock

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Nasdaq Gains Over 100 Points; Delta Air Lines Posts Upbeat Earnings

Delta Air Lines shares are trading higher following better-than-expected Q1 financial results. However, the company said it is 'premature at this time to provide an updated full-year outlook' due to lack of economic clarity.

Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) shares are trading higher premarket after the company reported better-than-expected <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44707201/delta-air-lines-announces-march-quarter-2025-financial-results" rel="noreferrer noopener">first-quarter 2025 results</a>.
Delta reported fourth-quarter operating revenue growth of 2% year-over-year to $14.04 billion, beating the consensus of $13.02 billion. Adjusted operating revenue was $12.98 billion (+3.3% YoY)
The adjusted average fuel price was $2.47 per gallon, down from $2.79 in last year&#8217;s quarter. Adjusted EPS was $0.46 (+2% YoY), beating the consensus of $0.38.
Related: <a target="_blank" href="https://www.benzinga.com/25/04/44705362/top-wall-street-forecasters-revamp-delta-air-lines-price-expectations-ahead-of-q1-earnings" rel="noreferrer noopener">Top Wall Street Forecasters Revamp Delta Air Lines Price Expectations Ahead Of Q1 Earnings</a>
Total passenger revenue for the quarter grew 3% year over year to $11.48 billion; cargo revenue grew 17% year over year to $208 million, and Other revenue was $2.352 billion (-4% year over year).
Delta recorded an adjusted operating income of $591 million, down from $640 million YoY, with an adjusted operating margin of 4.6%, down 50 bps.
Adjusted operating expenses increased by 4% YoY to $12.388 billion, and Adjusted Non-fuel costs were $9.875 billion (+7% YoY) for the quarter.
Delta generated an adjusted operating cash flow of $2.44 billion (-1% Y/Y) in the March quarter, and free cash flow stood at $1.28 billion.
As of the March quarter, Delta reported adjusted net debt of $16.9 billion, down $1.1 billion from year-end 2024. Total liquidity was $6.8 billion, including $3.1 billion in undrawn revolver capacity.
The passenger load factor dropped 81.4% from 82.7% last year. DAL&#8217;s Air Traffic Liability ended the quarter at $10 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/travel/25/04/44671680/which-us-airline-is-facing-the-strongest-industry-tailwinds" rel="noreferrer noopener">Which US Airline Faces The Strongest Industry Tailwinds?</a>
Delta&#8217;s Chief Financial Officer, Dan Janki, noted that the company delivered better-than-expected results despite early-year weather challenges. &#8220;Our teams ran a strong operation… enabling us to drive efficiency and deliver non-fuel unit cost growth of up 2.6 percent over prior year,&#8221; he said. Janki added that as Delta reduces capacity growth, it is &#8220;taking incremental action to manage costs,&#8221; and expects non-fuel unit cost growth to align with its long-term target of low-single-digit increases in the second quarter and beyond.
&#8220;With broad economic uncertainty around global trade, growth has largely stalled.&nbsp;In this slower-growth environment, we are protecting margins and cash flow by focusing on what we can control.&nbsp;This includes reducing planned capacity growth in the second half of the year to flat over last year while actively managing costs and capital expenditures,&#8221; commented Ed Bastian, Delta&#8217;s chief executive officer.
&#8220;We expect June quarter profitability of $1.5 to $2 billion.&nbsp;Given the lack of economic clarity, it is premature at this time to provide an updated full-year outlook.&nbsp;Given our position of strength, our bias toward action, and the decline in fuel prices, Delta remains well positioned to deliver solid profitability and free cash flow for the year. I expect that our financial results will continue to lead the industry and validate our strategy to create differentiation and greater financial durability,&#8221; added Bastian.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44634938/airline-earnings-at-risk-as-demand-dips-amid-weak-business-travel-low-transborder-traffic-doge-cuts-analyst-says" rel="noreferrer noopener">Airline Earnings At Risk As Demand Dips Amid Weak Business Travel, Low Transborder Traffic, DOGE Cuts: Analyst Says</a>
Second Quarter 2025 Outlook: DAL&#8217;s total revenue is expected to be down 2% to up 2% over the prior year, with an operating margin of 11%—14%.
Adjusted Earnings per share are forecasted between $1.70 and $2.30 versus the $2.39 estimate.
Delta is not reaffirming its full-year 2025 financial guidance and plans to provide an update later in the year as market visibility improves.
Price Action: DAL shares are trading lower by 0.45% at $35.73 premarket at the last check on Wednesday.
Image via Shutterstock

Guidance

Delta Air Lines Wants To Protect Margins And Cash Flow Citing Economic Uncertainty, Does Not Reaffirm FY25 Outlook

Given current uncertainty, Delta is not reaffirming full year 2025 financial guidance and will provide an update later in the year as visibility improves.

Delta Air Lines Is Not Restating Its 2025 Outlook Due To Ongoing Uncertainty And Will Provide An Update Later As Visibility Improves

Financial Guidance1
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2Q25</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total Revenue YoY</td>
<td colspan="1" rowspan="1">Down 2% - up 2%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating Margin</td>
<td colspan="1" rowspan="1">11% - 14%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Earnings Per Share</td>
<td colspan="1" rowspan="1">$1.70 - $2.30</td>
</tr>
</tbody>
</table>
</figure>

Delta Air Lines Expects Q2 2025 Total Revenue Down 2%To Up 2%, Operating Margin Of 11%-14%, And EPS Of $1.70-$2.30 (Est $2.39)

Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) reported quarterly earnings of $0.46 per share which beat the analyst consensus estimate of $0.38 by 21.05 percent. This is a 2.22 percent increase over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $14.04 billion which beat the analyst consensus estimate of $13.02 billion by 7.81 percent. This is a 2.12 percent increase over sales of $13.75 billion the same period last year.

Earnings Beats

Delta Air Lines Q1 2025 Adj EPS $0.46 Beats $0.38 Estimate, Sales $14.04B Beat $13.02B Estimate

U.S. stock futures were volatile on Wednesday after the equities reversed gains on Tuesday following President Donald Trump&#8216;s 104% tariff on China. Futures of major benchmark indices were mixed in premarket.
The White House Press Secretary Karoline Leavitt <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44698697/markets-reverse-gains-as-trumps-104-china-tariff-announcement-rattles-wall-street">confirmed that Trump&#8217;s retaliatory</a> 104% tariff on Chinese imports would take effect at 12:01 a.m. ET Wednesday. Her remarks triggered a sharp deterioration in market sentiment and reignited fears of a global trade escalation.
Despite growing geopolitical concerns surrounding China, a new U.S. Chamber of Commerce Foundation <a href="https://www.benzinga.com/news/global/25/04/44700937/us-companies-stick-with-china-as-trump-tariffs-take-effect-report">report highlighted by</a> The Wall Street Journal reveals that most surveyed companies still find significant strategic advantages in staying or growing their operations there.
This finding underscores a divergence between Washington&#8217;s &#8220;selective decoupling&#8221; efforts and the deep reliance of corporate America on China&#8217;s manufacturing, workforce, and consumer base.
Major indices were significantly down from recent highs as of Tuesday&#8217;s close. The S&amp;P 500 was 18.95% lower, the Nasdaq 100 was down 23.10%, and the Dow Jones declined 16.48%, following a week of tariff-driven selloffs.
The 10-year Treasury bond yielded 4.35% and the two-year bond was at 3.80%. However, the CME Group's FedWatch&nbsp;<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>‘s projections showed markets pricing a 58.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.06%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.22%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.64%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.17%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.30% to $497.98, while the QQQ advanced 0.63% to $418.70, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Consumer discretionary, materials, and energy sectors led a broad decline in U.S. stocks on Tuesday, as the S&amp;P 500 closed entirely in negative territory.
The selloff intensified after the President&#8217;s 104% tariff.
Among individual tech giants, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) saw significant drops, while Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) also traded lower.
In other news, Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) reported better-than-expected earnings, and small business optimism hit its lowest point since October 2024.
The Dow Jones index slumped 320 points or 0.84% to 37,645.59, whereas the S&amp;P 500 index fell 1.57% to 4,982.77. Nasdaq Composite declined to end 2.15% lower at 15,267.91, and the small-cap gauge, Russell 2000, tumbled 2.73% to 1,760.71.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-2.15%</td>
<td>15,267.91</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.57%</td>
<td>4,982.77</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.84%</td>
<td>37,645.59</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-2.73%</td>
<td>1,760.71</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
In this environment of heightened uncertainty, Julia Khandoshko, CEO at European broker Mind Money, advises investors to focus on capital preservation rather than chasing high returns.
&#8220;The most rational strategy in the short term is to focus on liquidity, reliable fixed-income instruments, and safe haven assets such as gold. This is not an attempt to make money but a need to preserve capital in conditions of high uncertainty,&#8221; she adds.
Even nations currently enjoying a trade surplus shouldn&#8217;t be complacent, warns Khandoshko. She points to the danger of stagflation – a damaging combination of stalled economic growth and ongoing inflation – using Japan&#8217;s long-lasting difficulties as a stark example.
The widening 3-year SOFR swap spread is signaling <a href="https://www.benzinga.com/government/regulations/25/04/44705659/cathie-wood-points-to-serious-liquidity-issues-as-overnight-borrowing-rate-spreads-widen-o">growing liquidity problems</a> within the U.S. banking system, according to Ark Invest CEO Cathie Wood. She argues that this crisis necessitates swift solutions, including a trade agreement and aggressive Federal Reserve intervention, emphasizing the urgency with &#8220;No more time to waste.&#8221;
This spread, a key indicator of U.S. banking liquidity, represents the difference between the fixed rate in a SOFR-based swap and the yield on a government bond of the same maturity.
SOFR, the Secured Overnight Financing Rate, is the benchmark reflecting the cost of overnight cash borrowing used across various financial transactions, and its widening spread adds to existing concerns about emerging liquidity issues in the U.S. market.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As Zerohedge notes, this swap spread is suggesting serious liquidity issues in the US banking system. This crisis is calling out for some kind of Mar-a-Lago Accord on free trade, in tandem with serious support from the Fed? No more time to waste. <a href="https://t.co/5VXYqLJemJ">https://t.co/5VXYqLJemJ</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1909816910033678801?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, Ed Yardeni of Yardeni Research suggests that "Fixed-income investors may be starting to worry that the Chinese and other foreigners might start selling their U.S. Treasuries," after Trump levied 104% tariff duties on China after the latter's retaliation.
Adding to the market unease, credit markets are exhibiting increasing strain, evidenced by a rapidly widening yield spread between high-yield corporate bonds and the 10-year Treasury.
Data from Yardeni indicates this spread reached 407 basis points as of April 7th, signaling declining investor confidence and growing concerns about an economic slowdown or potential recession.
"The good news is that the Fed Put will probably make a quick comeback if this happens," said Yardeni.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul>
<li>February&#8217;s wholesale inventories data will be released by 10:00 a.m., and Richmond Fed President Tom Barkin will speak at 11:00 a.m. ET.</li>
</ul>
<ul>
<li>Minutes of Fed&#8217;s March FOMC meeting will be out by 2:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) declined 1.11% in premarket on Tuesday before the opening bell. Analysts expect a quarterly earnings of 38 cents per share on revenue of $13.02 billion.</li>
<li>Simply Good Foods Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) was up 1.45% as Wall Street expects it to report earnings of 40 cents per share on revenue of $354.43 million before the opening bell.</li>
<li>Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) was down 1.10% ahead of its earnings call after the closing bell. Analysts expect a quarterly earnings of $2.28 per share on revenue of $2.13 billion.</li>
<li>Kura Sushi USA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) dropped 3.28% after posting downbeat results for its second quarter. The company also said it sees FY25 total sales of $275 million to $279 million, versus market estimates of $280.741 million.</li>
<li>Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) climbed 1.92% after posting better-than-expected earnings and sales results for its third quarter on Tuesday.</li>
<li>Redwire Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) was 2.98% higher after it announced to jointly pursue commercial lunar missions with ispace U.S., including NASA CLPS, leveraging Redwire&#8217;s space infrastructure and ispace U.S.&#8217;s lunar transportation.</li>
<li>Marsh &amp; McLennan Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) jumped 17.83% as it announced the acquisition of Arthur Hall Insurance on April 2.</li>
<li>Vincerx Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) plunged 52.39% after disclosing that it has terminated the previously announced non-binding Letter of Intent with Global Digital Holdings regarding a potential merger.</li>
<li>Cartesian Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) tumbled 36.97% after reporting 12-month data for lead cell therapy in myasthenia gravis patients.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 2.59% to hover around $57.82 per barrel.
Gold Spot US Dollar advanced 2.04% to hover around $3,043.09 per ounce. Its fresh record high stood at $3,168.04 per ounce. The U.S. Dollar Index spot was lower by 0.49% at the 102.450 level.
Asian markets were mostly lower on Wednesday. Except for China&#8217;s CSI 300 and Hong Kong's Hang Seng index, India's S&amp;P BSE Sensex, Japan's Nikkei 225, Australia's ASX 200, and South Korea's Kospi index declined. European markets were also lower in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44705659/cathie-wood-points-to-serious-liquidity-issues-as-overnight-borrowing-rate-spreads-widen-on-spiking-treasury-yields-this-crisis-is-calling-out-for-some-kind-of-mar-a-lago-accord">Cathie Wood Points To &#8216;Serious Liquidity Issues&#8217; As Overnight Borrowing Rate Spreads Widen On Spiking Treasury Yields</a></li>
</ul>
Photo courtesy: Shutterstock

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US Stocks Futures Trade Mixed Ahead Of Opening Bell: 'Preserve Capital In Conditions Of High Uncertainty,' Says Expert

Press Releases

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Delta Board of Directors Welcomes Judith McKenna as Newest Member

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Delta Air Lines Announces Webcast of March Quarter 2025 Financial Results

Delta Air Lines Announces March Quarter 2025 Financial Results

NYSE Content Advisory: Pre-Market update + NYSE-listed Delta Air Lines reports earnings

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Comments

Delta Air Lines

Unusual Options Activity for

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
02:47 PMFeb 20, 2025	CALL	$70.00	Jul 18, 2025	91	2328	2300	771	302	TRADE	BEARISH
01:57 PMFeb 20, 2025	CALL	$70.00	Apr 17, 2025	-1	2077	2938	19	10958	SWEEP	BEARISH
09:58 AMFeb 20, 2025	PUT	$65.00	Apr 17, 2025	-1	2	1501	0	8782	SWEEP	BEARISH
03:57 PMFeb 13, 2025	PUT	$60.00	Apr 17, 2025	-1	2865	2363	142	2011	SWEEP	BULLISH