Transaction overview
Delta Air Lines (NYSE: DAL) Chief Executive Officer Edward H. Bastian sold 100,000 shares of the carrier on February 26, 2026. The disposition generated approximately $7.03 million in proceeds, with individual trade prices reported in the range of $70.250 to $70.320. The sale was formally reported in a Form 4 filing with the Securities and Exchange Commission.
Following the sale, Bastian's direct holdings in Delta stand at 1,363,448 shares.
Share-price movement and valuation notes
Shares touched the prices at which the sale occurred, but the stock has since declined nearly 5% from those levels and is trading at $65.70. Delta's market capitalization is reported at $42.76 billion.
Investment research cited in the filing context notes that Delta appears undervalued according to a Fair Value assessment and is listed among names classified as Most Undervalued. The airline trades at a price-to-earnings ratio of 8.62, an observation highlighted as low in relation to near-term earnings growth in the referenced analysis. A comprehensive Pro Research Report covering Delta and more than 1,400 other U.S. equities is noted as available for deeper review.
Fleet orders and capital deployment
Separately, Delta confirmed an additional order for 34 Airbus A321neo single-aisle aircraft, increasing its total commitment for that fleet type to 189 airplanes. Deliveries of these A321neo aircraft are scheduled to begin in 2029.
The airline also entered into a purchase agreement for 16 Airbus A330-900 and 15 Airbus A350-900 widebody jets, with purchase options for as many as 20 more aircraft. These transactions are described as part of Delta's continuing fleet expansion strategy.
On the shareholder returns front, Delta declared a quarterly cash dividend of $0.1875 per share, with the payment slated for March 2026.
Operational and market challenges
The release highlights ongoing pressures across the airline sector, including rising jet fuel prices that have strained profit margins. In addition, a major winter storm in the Northeast produced widespread flight cancellations that affected Delta and its peers, underscoring short-term operational vulnerability.
Context and constraints
The details above are drawn from the company disclosures and the cited equity-analysis observations. No additional conclusions beyond the stated facts are offered here. The sale, the fleet commitments, the dividend declaration, the valuation commentary, and the sector headwinds are reported as disclosed.