Airline Stocks Soar
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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.
Delta Air Lines boosts Wall Street as stock indexes rise; airline sector surges, and earnings season begins with upbeat momentum.
Analysts expect that airlines will have a tepid earnings season as tariff uncertainty and declining U.S. dollar weigh on the industry.
Shares of Delta ( DAL) rose 10.0% in premarket trading. American Airlines ( AAL) rose 7.1% and United Airlines ( UAL) jumped 6.1%. Southwest Airlines ( LUV) showed a 1.9% gain, and JetBlue Airways ( JBLU) tracked 3.3% higher. Alaska Air Group ( ALK) gained 2.8%.
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’s encouraging report boosted the entire airline sector. United jumped 14.3%, American climbed 12.7%, JetBlue gained 7.8% and Southwest finished 8.1% higher.
U.S. financial markets were uneven before the opening bell on Thursday, even as Delta Air Lines kicked off earnings season with solid results and an improved outlook for the rest of 2025.
Shares of Delta Air Lines rocketed higher Thursday after the carrier reported better-than-expected profits and reinstated its full-year forecast based on a reassuring travel outlook.For the quarter ending June 30,