Framework Journal · one stock, one dated entry

Recorded 2026-05-15 · Permanent

Delta Air Lines logoDelta Air Lines DAL

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

The label
Markup

read at $79.42

Delta Air Lines holds its Markup at $79.42.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate

The investor read · the season, not the day

As held on the ledger · 2026-05-15
PhaseMarkup
Quantitative stateThe statistical read favours the sellers, held for 3 days
Price$79.42
Valuation10.33 trailing · 8.84 forward price to earnings
Values screenPASS · score 86.4
Beta1.25

The trader read · the latest dated commentary

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials (86). The risk-adjusted return profile shows good risk-adjusted returns. Entered 2026-07-03 · Markup

The dated journal · newest first, never edited

2026-07-03 Markup $79.42 +0.0% Entry 2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials (86). The risk-adjusted return profile shows good risk-adjusted returns.

2026-07-02 Markup $79.42 Entry 1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with strong ethical credentials (86). The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · DAL
DateInsiderTitleTypeSharesValue
2026-05-07 BELLEMARE ALAIN Officer 20,621 $1,500,198
2026-04-22 MCCONNELL JULIA ANN Officer 740 ·
2026-04-14 LAUGHTER JOHN E. Chief Operating Officer 15,000 $1,074,090
2026-04-10 LAUGHTER JOHN E. Officer 22,540 $1,153,862
2026-04-10 LAUGHTER JOHN E. Officer 69,304 $4,722,929
2026-04-01 CARTER PETER W President 2,960 ·
2026-04-01 JANKI DANIEL C Chief Operating Officer 5,550 ·
2026-04-01 BELLEMARE ALAIN Officer 2,470 ·
2026-04-01 SNELL ERIK STOREY Chief Financial Officer 7,400 ·
2026-02-26 BASTIAN EDWARD H Chief Executive Officer 100,000 $7,025,700

Public filings, recorded as found. The full tape lives at Insider Intelligence.

The political ledger · congressional disclosures

Disclosures naming DAL
DatePoliticianPartyTypeAmount
15 May2026 Ro Khanna Democrat buy 1K–15K
14 May2026 Scott Peters Democrat buy 250K–500K
1 May2026 Ro Khanna Democrat sell 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $71.01 +8.3% $0.19 $1,086 +8.6%
2 months $67.64 +13.7% $0.19 $1,140 +14.0%
3 months $57.79 +33.1% $0.19 $1,335 +33.5%
6 months $70.18 +9.6% $0.38 $1,101 +10.1%
1 year $51.07 +50.6% $0.75 $1,521 +52.1%
2 years $49.32 +56.0% $1.35 $1,587 +58.7%
3 years $38.01 +102.4% $1.75 $2,070 +107.0%
5 years $45.00 +71.0% $1.75 $1,749 +74.9%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever DAL does next, these words stay.

Delta Air Lines · DAL · Markup · $79.42
Recorded 2026-05-15 · before the outcome · scored mechanically

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