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Delta Airlines shares surged 13% on Thursday after the company announced Q2 results, which beat the market’s expectations. The company also give a profit outlook for the year after suspending it earlier due to tariff-related uncertainties.
Delta Air Lines' strong earnings and projected growth provided an early boom for the airline industry as the rest of the major carriers prepare to report.
Delta Air Lines, the world’s largest carrier by revenue, reported upbeat second quarter results and reinstated its guidance as growing economic clarity deflects headwinds resulting from a global trade war.
Analysts expect that airlines will have a tepid earnings season as tariff uncertainty and declining U.S. dollar weigh on the industry.
Delta Air Lines was one of the top-performing stocks in the S&P 500 Thursday after the carrier reported better second-quarter results than analysts had expected and reinstated its full-year outlook.
Delta Air Lines Inc. reinstated a profit outlook for the year and said travelers are coming back, prompting its stock to surge amid a fresh sense of confidence in the beaten-down US consumer.
Delta posted strong growth from sales of higher-priced seats like first-class and from its lucrative American Express partnership, which increased 10% in the second quarter from the same period last year to $2 billion. Airlines have become more reliant on travelers who are willing to spend more to fly rather than more price-sensitive consumers.
Delta Air Lines (NYSE:DAL) will report its first-quarter earnings on April 9, Wednesday, and investors will focus on its outlook amid worries of softening domestic demand and weakening consumer ...