Delta Air Lines: Strong Demand Offsets Part Of Fuel Inflation

Delta Air Lines delivered strong Q1 results, beating revenue and margin expectations, and remains undervalued versus peers. DAL's diversified revenue base, premium product focus, and refinery ownership drive superior profitability and resilience to fuel price volatility. Management guides for 10–13% Q2 revenue growth but expects margin pressure from rising fuel costs; DAL is least exposed among peers.