Buy, Sell, or Hold Delta Air Lines Stock After Q3 Earnings?

Delta Air Lines reported disappointing Q3 results, missing earnings and revenue expectations despite record revenue and strong travel demand. Surging fuel costs (up 62% YoY to $4.14B) pressured profitability, prompting management to slash full-year EPS guidance from $6.50-$7.50 to $5.10-$5.60. The airline expects to absorb approximately $6 billion in additional fuel costs this year, highlighting industry-wide challenges.