Delta Air Lines releases earnings Outlook
Digest more
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.
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.
After withdrawing its outlook in April, Delta is again forecasting a profit—though at a significantly lower level than originally projected.
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.
Analysts expect that airlines will have a tepid earnings season as tariff uncertainty and declining U.S. dollar weigh on the industry.
The demand stabilization was enough to push Delta's top and bottom lines ahead of Wall Street expectations for the second quarter. Revenue was flat at $16.65 billion, in the quarter ended June 30, beating the $15.46 billion analysts were forecasting. Total revenue per available seat mile, a key industry metric, fell 4%, to 21 cents.
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.