BUZZ-Delta rises after forecasting Q3 profit above estimates

Delta Air Lines, Inc.

Delta Air Lines, Inc.

DAL

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** Shares of Delta Air Lines DAL.N rise 2.3% to $91 premarket

** Co reaffirms its annual profit forecast and gives a stronger-than-expected third-quarter outlook, signaling confidence that recent fare gains can hold even as fuel prices ease from this year's highs

** Expects FY26 adj earnings of $6.50 per share to $7.50 per share, reaffirming the forecast range it first issued in January after leaving it out of its April first-quarter release

** DAL forecasts Q3 adj earnings of $2.00 per share to $2.50 per share, compared with analysts' average estimate of $2.02 per share - data compiled by LSEG

** Median PT of 27 brokerages covering the stock is $105 - data compiled by LSEG

** As of last close, stock up ~28% YTD


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