The airline restored its full-year outlook after pulling back in April.
Transcript:
CAROLINE WOODS: Delta shares are taking off after its latest quarterly results came in better than expected.
Revenue rose 1% to $15.5 billion, with travelers continuing to pay up for comfort. Premium seat sales—like first class and extra legroom—jumped 5%, while sales in the cheaper main cabin fell 5%. International travel stayed strong, and corporate bookings held steady.
Delta also restored its full-year earnings forecast after pulling it back in April due to tariff uncertainty. Delta expects adjusted full-year earnings of $5.25 to $6.25 a share. Wall Street’s on board with that, but it’s a far cry from January’s forecast of over $7.35 a share, when Delta was calling 2025 its best year ever.
CEO Ed Bastian told CNBC the “turbulence” from geopolitics and tariffs is starting to ease—but warned that domestic growth could be flat or down in the second half of the year. He said growth will continue to come from international routes and premium business.
It’s not just Delta getting a boost Thursday—airline stocks are rising across the board, including United, which reports earnings next Wednesday.
But even with today’s gains, both Delta and United are still in the red for the year.
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