Delta Air Lines Establishes New $2.65 Billion Credit Facility
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Delta Air Lines ( (DAL) ) has shared an update.
On June 11, 2026, Delta Air Lines entered into a new credit agreement with a syndicate of lenders led by JPMorgan Chase Bank to refinance its existing November 2023 facility. The new $2.65 billion revolving credit facility, split into three-year and five-year $1.325 billion tranches and supported by an uncommitted standby letter of credit subfacility, was undrawn at signing and can be used partly for refinancing and general corporate purposes.
The facility includes an accordion feature allowing total commitments to increase up to $3.65 billion, with borrowings bearing interest at a variable rate tied to adjusted term SOFR or another index plus a margin. It imposes customary affirmative, negative and financial covenants, including restrictions on liens and asset disposals over a designated unencumbered asset pool and requirements to maintain minimum fixed charge and asset coverage ratios of 1.25:1, with standard events of default that could accelerate repayment and affect Delta’s liquidity and financing flexibility.
The most recent analyst rating on (DAL) stock is a Buy
with a $75.00 price target.
To see the full list of analyst forecasts on Delta Air Lines stock,
see the DAL Stock Forecast page.
Spark’s Take on DAL Stock
According to Spark, TipRanks’ AI Analyst, DAL is a Outperform.
The score is driven primarily by solid financial performance (profitability, strong cash generation, and materially improved leverage) and attractive valuation (low P/E). This is moderated by mixed technical trends and earnings-call risks tied to a sharp fuel-cost shock, ongoing unit-cost pressure, and reduced full-year visibility despite upbeat near-term revenue and margin guidance.
To see Spark’s full report on DAL stock,
click here.
More about Delta Air Lines
Delta Air Lines, Inc. is a major U.S. airline operating in the commercial aviation industry, providing passenger and cargo air transportation services. The company focuses on global air travel markets, offering a broad network of domestic and international routes supported by a capital-intensive fleet and significant financing arrangements.
Average Trading Volume: 9,849,388
Technical Sentiment Signal: Buy
Current Market Cap: $53.76B
Find detailed analytics on DAL stock on TipRanks’ Stock Analysis page.
