Bernstein raised its price target for Delta Air Lines to $88 from $81. The firm maintained an Outperform rating on the stock.
Analysts highlighted Delta’s Trainer, Pennsylvania refinery as a key structural advantage for fuel insulation. The refinery provided a $0.06 per gallon benefit during the first quarter. Bernstein projects the facility will deliver a $300 million benefit in the second quarter of 2026.
The bullish outlook arrives as surging crude oil prices pressure the broader airline sector. Airline shares slipped on May 11, 2026, due to concerns over profit margin compression. Bernstein identifies Delta as the best-positioned carrier to navigate the high-cost environment.