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Delta shares soar after Q3 earnings beat
The Street
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yesterday
The airline restored its full-year outlook after pulling back in April.
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Sports
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00:00
Delta shares are taking off after its latest quarterly results came in better than expected.
00:05
Revenue rose 1% to $15.5 billion, with travelers continuing to pay up for comfort.
00:12
Premium seat sales like first class and extra legroom jumped 5%,
00:16
while sales in the cheaper main cabin fell 5%.
00:20
International travel stayed strong, and corporate bookings held steady.
00:24
Delta also restored its full-year earnings forecast after pulling it back in April due to tariff uncertainty.
00:31
Delta expects adjusted full-year earnings of $5.25 to $6.25 a share.
00:37
Wall Street's on board with that, but it's a far cry from January's forecast of over $7.35 a share,
00:43
when Delta said 2025 would be its best year ever.
00:47
CEO Ed Bastian told CNBC the turbulence from geopolitics and tariffs is starting to ease,
00:52
but warned that domestic growth could be flat or down in the second half of the year.
00:57
He said growth will continue to come from international routes and premium business.
01:01
It's not just Delta getting a boost Thursday.
01:04
Airline stocks across the board are climbing, including United, which reports earnings next Wednesday.
01:09
But even with today's gains, both Delta and United are still in the red for the year.
01:15
That'll do it for your daily briefing from the New York Stock Exchange.
01:17
I'm Caroline Woods with The Street.
01:22
I'm Caroline Woods with The Street.
01:23
I'm Caroline Woods with The Street.
01:24
I'm Caroline Woods with The Street.
01:25
I'm Caroline Woods with The Street.
01:26
I'm Caroline Woods with The Street.
01:27
I'm Caroline Woods with The Street.
01:28
I'm Caroline Woods with The Street.
01:29
I'm Caroline Woods with The Street.
01:30
I'm Caroline Woods with The Street.
01:31
I'm Caroline Woods with The Street.
01:32
I'm Caroline Woods with The Street.
01:33
I'm Caroline Woods with The Street.
01:34
I'm Caroline Woods with The Street.
01:35
I'm Caroline Woods with The Street.
01:36
I'm Caroline Woods with The Street.
01:37
I'm Caroline Woods with The Street.
01:38
I'm Caroline Woods with The Street.
01:39
I'm Caroline Woods with The Street.
01:40
I'm Caroline Woods with The Street.
01:41
I'm Caroline Woods with The Street.
01:42
I'm Caroline Woods with The Street.
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