TD Cowen Remains Bullish on Delta Air Lines (DAL) Despite Industry Headwinds

Delta Air Lines, Inc. (NYSE:DAL) is on our list of the 11 best very cheap stocks to buy according to billionaires.

TD Cowen Remains Bullish on Delta Air Lines (DAL) Despite Industry Headwinds

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Delta Air Lines, Inc. (NYSE:DAL) continues to receive support from Wall Street, despite rising cost pressures that may affect airline profitability in the near term.

Amid ongoing industry headwinds, TD Cowen revisited its view on Delta Air Lines, Inc. (NYSE:DAL).

TD Cowen reduced its price target to $71 from $82 on March 9, 2026, but maintained a “Buy” rating in response to changes in industry earnings forecasts. After revising fuel cost projections, the firm lowered estimates for Air Canada and the six largest U.S. airlines.

Analysts remain cautious regarding substantial margin improvement in 2026, which is believed to be improbable unless energy costs fall quickly. Despite analysts anticipating that airlines could recover some of the recent fuel price spike through higher ticket fares, the situation highlights the fragility of airline profitability due to fuel volatility.

Meanwhile, on March 5, 2026, Delta Air Lines, Inc. (NYSE:DAL) announced a significant change in leadership, with the goal of improving operational coordination and long-term strategy.

Delta’s E.V.P., Chief of Operations, and President of Delta TechOps, John Laughter, will retire on April 30 after a distinguished 30-year career with the company. Following the transition process, Dan Janki will take over as Chief Operating Officer, Erik Snell will become Chief Financial Officer, and Peter Carter has been promoted to President.

Delta Air Lines, Inc. (NYSE:DAL) operates passenger and cargo air transportation through its Airline and Refinery divisions, with the refinery segment supplying jet fuel for its own operations. The company was founded in 1928 and is headquartered in Atlanta.

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