Delta Air Lines Reports Surge in Bullish Options Activity

Delta Air Lines has announced a new partnership allowing SkyMiles members to earn miles on Uber rides and food deliveries, further enhancing the value of its loyalty program. The company’s stock has experienced significant volatility, with a notable decline from its 52-week high but some recent gains amid fluctuating trading volumes. Analyst sentiment on Delta remains mixed; while some have downgraded the stock, others maintain a 'Buy' or 'Outperform' rating, with average price targets suggesting potential upside from current levels. In the options market, there has been a surge in bullish activity ahead of Delta’s upcoming earnings report, reflecting investor optimism. Financial metrics indicate a high debt-to-equity ratio and a recent quarterly revenue decline, though the company maintains a substantial market capitalization and workforce. Overall, Delta faces ongoing market challenges but continues to innovate through partnerships and retains analyst and investor interest.