DAL
Delta Air Lines, Inc.Evidence as of 2026-09-02Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
What the evidence shows
The desk’s surviving evidence paints a mixed operational picture for Delta Air Lines. Revenue rose from $ 15,854,000,000 in Q1 2026 (fiscal quarter ended 2026-03-31) to $ 19,757,000,000 in Q2 2026 (fiscal quarter ended 2026-06-30), and operating income increased from $ 501,000,000 to $ 1,864,000,000 over the same quarters. Net income swung from a loss of $ 289,000,000 in Q1 2026 to a profit of $ 1,604,000,000 in Q2 2026, while diluted shares outstanding rose by 4,492,322 to 657,623,030 as of 2026-06-30. Reported long‑term debt declined to $ 12,905,000,000 as of 2026-06-30 from $ 14,381,000,000 as of 2025-06-30, cash and equivalents were $ 4,665,000,000 as of 2026-06-30 (up year‑over‑year but down from $ 5,053,000,000 on 2026-03-31), and trailing twelve‑month free cash flow is $ 4,660,000,000 with capex of $ 4,793,000,000 and OCF of $ 9,453,000,000.
What the debate changed
The desk did not drop any of its core claims; 97% of what the analysts raised survived the debate. The principal adjustment from the discussion was a weakening of the net‑debt framing: the claim that the balance of $ 4,665,000,000 cash versus $ 12,905,000,000 long‑term debt implies a net‑debt position was marked as weakened because enterprise value and market‑cap context were not provided. That weakening narrowed the certainty around leverage judgments but did not remove the underlying cash and debt figures themselves.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue from contracts was $15,854,000,000 for the quarter 2026-01-01 to 2026-03-31 and rose to $19,757,000,000 for the quarter 2026-04-01 to 2026-06-30.
XBRL companyfacts · 0000027904-26-000022Operating income was $501,000,000 for the quarter 2026-01-01 to 2026-03-31 and increased to $1,864,000,000 for the quarter 2026-04-01 to 2026-06-30.
XBRL companyfacts · 0000027904-26-000031Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, DAL was a holding in the ETF with symbol IVV at a weight of 0.09% of that fund.
ETF constituents · market dataThe provided evidence lists only one ETF membership entry for DAL and does not report any other ETF weights or ownership vehicles.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
finance.yahoo.com ran a headline on 2026-09-02 reporting Delta Air Lines closed at $78.14 in the latest trading session, a +2.3% move from the prior day.
News · finance.yahoo.com · 2026-09-02zacks.com published the same-titled headline 'Delta Air Lines (DAL) Rises Higher Than Market: Key Facts' on 2026-09-02, indicating that coverage of a same-day positive stock move appeared on multiple distinct outlets.
News · zacks.com · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Free cash flow over the trailing twelve months is $4,660,000,000 (fcf_ttm).
Valuation inputs · SEC XBRL + stored EOD closeNet cash provided by (used in) operating activities over the trailing twelve months is $9,453,000,000 (ocf_ttm).
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
The provided evidence collectively shows meaningful operational and cash-flow improvement over recent quarters: sequential revenue, operating income, and net income all rose materially from Q1 to Q2 2026, while trailing twelve-month free cash flow and operating cash flow are strong and EBITDA is sizeable relative to operating income. Long-term debt declined year-over-year, and cash balances are higher than the prior-year comparable period, which together strengthen the cash-flow coverage narrative despite ongoing capex. Evidence strength is mixed but leans supportive — company-reported quarterlies and TTM cash-flow metrics are high-confidence, while some valuation nuances (net debt framing, capex consumption) are factual but less dispositive without full enterprise-value context.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.36
18 surviving claims rest on 9 distinct sources; the heaviest analyst carries 33% of them, and 97% of what the desk raised survived the debate.
The read rests on a moderate breadth of sources (nine distinct documents) but a single analyst/line of argument carries a third of the surviving claims, which raises source-concentration risk. The very high internal survival rate (97%) means the desk largely agreed on these points — that improves internal confidence but also raises the possibility of insufficient critical pushback or groupthink. Taken together, the evidence is informative but should be down-weighted for fragility before being used as a major decision input.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.5 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
3 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on DAL Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.