Published: Thursday, 2 April 2026 at 1.00pm (UK time)
It will be a busy week for US trading. It also marks the final week before we fully enter earnings season for US companies, with many of the large US banks scheduled to report from 13 April. The key events this week are the US consumer price index (CPI) inflation report on Friday, and the February personal consumption expenditures (PCE) report a day earlier. Given the recent surge in oil prices, traders will be paying close attention to these releases. Additionally, the final US GDP reading for the fourth quarter is released on Thursday.
Delta earnings
Wednesday 8 April For the first quarter of 2026, the NYSE-listed airline is expected to see earnings increase by approximately 37.3% to $0.63 per share, while revenue is forecast to grow by 7.8% to $14bn. In Q2, analysts predict earnings growth will slow to just 2%, reaching $2.14 per share, with revenue anticipated to rise by 10.5% to $17.1bn. Investors will also be closely monitoring the company’s guidance, and particularly the potential impact of higher oil prices on jet fuel costs.
On the technical chart, there has not been a significant price change despite the recent sharp sell-off in the broader market. As of 1 April, the stock was down about 10% from its intraday highs in mid-February. Currently, Delta’s share price is trading near resistance at $70 per share, while support is close to $63. Due to volatility driven by oil price movements, the outlook remains difficult to predict. That said, the current trend is downward, and the relative strength index (RSI) is also trending lower. If the shares can’t climb above $68, a double-top could form. A break below $63 would confirm this pattern, and could see the stock fall back towards the $57.5 level.
