Airline Stocks Soar
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Wall Street shifts between small gains and losses in premarket; Delta soars on improved 2025 outlook
U.S. financial markets were uneven before the opening bell, even as Delta Air Lines kicked off earnings season with solid results and an improved outlook for the rest of 2025.
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 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.