Delta Air Lines Shares Gain 0.2% to $66.88 Ahead of Q1 Report
Delta Air Lines shares rose 0.2% to $66.88 ahead of its April 8 Q1 report despite its first quarterly loss since March 2025 and a 12% slide from a Feb. 11 record high. Options traders price a 9.4% post-earnings swing and a 50-day put/call ratio of 1.59.
1. Pre-Earnings Share Performance
Delta Air Lines stock edged up 0.2% to $66.88 in early trading as investors positioned ahead of the April 8 first-quarter earnings release. This marked the third gain in four sessions and came despite oil prices holding steady, offering a modest boost to airline margins.
2. Recent Quarterly Results
The carrier posted its first quarterly loss since March 2025, with shares slipping below their year-to-date breakeven level and down 12% from a Feb. 11 record high of $76.39. Longer term, the stock still maintains an 80.8% year-over-year advance, reflecting resilience after prior strong performance.
3. Options Market Positioning
Options markets are pricing in a 9.4% share-price move following the upcoming results, outpacing the 7.3% average over the past two years. Delta’s 50-day put/call volume ratio stands at 1.59, ranking above 94% of readings and suggesting traders are skewed toward downside protection.