Delta said it was too early to update its full‑year outlook, citing uncertainty over fuel prices.

Shares in Delta Air Lines, Inc. (NYSE: DAL) are on the rise this morning after the company reported its Q1 2026 results.

Delta Air Lines CEO Ed Bastian told CNBC's Phil LeBeau on Wednesday that the airline is reducing its capacity growth plans in the near term as fuel costs soar amid the war in the Middle East. Bastian also said Delta expects to receive a $300 million boost from its refinery.

Although the revenue and EPS for Delta (DAL) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Shares of Delta Air Lines surged sharply in early Wednesday trading, lifted by stronger-than-expected earnings and optimism following a two-week cease-fire agreement between the US and Iran that sent oil prices tumbling. The stock jumped more than 11% after the market opened, putting it on track for one of its strongest single-day gains in over a year.

Shares of Delta Air Lines Inc (NYSE:DAL) jumped more than 10% on Wednesday after the company reported upbeat sales results for the first quarter.

Delta Air Lines Inc (NYSE:DAL) reported first quarter revenue and earnings that exceeded analyst expectations, and indicated continued strength in demand despite rising fuel costs and operational challenges. For the March quarter, the airline reported adjusted revenue of $14.2 billion, slightly above the $14.11 billion consensus.

Crude oil prices dropped sharply after Trump's social media post signaled progress toward a broader agreement with Iran.

Delta Air Lines (DAL) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.46 per share a year ago.

Delta Air Lines (NYSE:DAL) shares are up 13% in early trading Wednesday morning, recovering sharply after yesterday's close of $65.62.