Delta Air Lines reaffirmed its full-year 2026 adjusted EPS guidance of $6.50–$7.50 and free cash flow target of $3–$4 billion, maintaining its start-of-year forecast despite fuel prices doubling this year. The airline reported Q2 2026 earnings topped guidance, driven by broad demand strength and a double-digit return on invested capital, while absorbing a multi-billion dollar fuel headwind. Delta recovered 60% of the fuel hit through fare increases, signaling robust pricing power in premium, corporate, and international segments. The company also issued a Q3 2026 EPS guide of $2.00–$2.50, exceeding Wall Street estimates of $2.00. Shares jumped following the announcement, reflecting investor confidence in the operator’s ability to sustain earnings growth targets amid sector-wide cost volatility.