In late 2023, Delta added two new routes from Austin to Las Vegas and Orlando. Earlier this year, Delta debuted four more new Austin routes, including three intra-Texas services (Harlingen, Midland-Odessa and McAllen), as well as a route to Nashville.

Delving into the details, we found 20% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $419,780, and 7 were calls, valued at $764,295.

The devil is in the details. Despite some mixed-headline numbers from Delta Air Lines' ( DAL 0.31%) latest investor update, one aspect of management's commentary is bullish for the company and much of the industry. Here's an unpacking of what management says and why you can feel more comfortable holding the stock afterward.

Delta Air Lines has completed most of its rebound from COVID, with positive free cash flow and an improving balance sheet. Growth will largely depend on maximizing revenue from premium products and giving those customers a quality experience.