TD Cowen upgraded Delta Air Lines (NYSE: DAL) from "hold" to "strong-buy" on March 19, 2026. The action follows company updates indicating a stronger first-quarter revenue outlook. Accelerating corporate and leisure demand drives this outlook.
Delta faces pressure from higher jet fuel costs. Resilient booking trends ahead of the peak travel season help the airline manage these expenses. The upgrade signals Delta's capacity to navigate cost headwinds and capitalize on robust travel demand.