Delta Air Lines (NYSE: DAL) enters October with passenger demand and pricing trends still looking good, but with another energy price increase placing fuel back in the spotlight for earnings. DAL closed October 1 at $84.13, up 0.80% for the day, with an intraday high of $84.23 and a low of $82.55. The stock is currently below the July 2, 52 week high of $95.68, meaning the October 9 earnings release will likely be the next big catalyst showing if good revenue can make up for rising costs.

What stands out to me is that Delta’s revenue quality is still strong. Premium travel, corporate travel and Delta’s frequent flyer base are some of the better growing revenue streams within the airline. Along with that, the balance sheet is looking…