Delta shares soar after Q3 earnings beat

The airline restored its full-year outlook after pulling back in April.

Transcript

00:00Delta shares are taking off after its latest quarterly results came in better than expected.

00:05Revenue rose 1% to $15.5 billion, with travelers continuing to pay up for comfort.

00:12Premium seat sales like first class and extra legroom jumped 5%,

00:16while sales in the cheaper main cabin fell 5%.

00:20International travel stayed strong, and corporate bookings held steady.

00:24Delta also restored its full-year earnings forecast after pulling it back in April due to tariff uncertainty.

00:31Delta expects adjusted full-year earnings of $5.25 to $6.25 a share.

00:37Wall Street's on board with that, but it's a far cry from January's forecast of over $7.35 a share,

00:43when Delta said 2025 would be its best year ever.

00:47CEO Ed Bastian told CNBC the turbulence from geopolitics and tariffs is starting to ease,

00:52but warned that domestic growth could be flat or down in the second half of the year.

00:57He said growth will continue to come from international routes and premium business.

01:01It's not just Delta getting a boost Thursday.

01:04Airline stocks across the board are climbing, including United, which reports earnings next Wednesday.

01:09But even with today's gains, both Delta and United are still in the red for the year.

01:15That'll do it for your daily briefing from the New York Stock Exchange.

01:17I'm Caroline Woods with The Street.

01:22I'm Caroline Woods with The Street.

01:23I'm Caroline Woods with The Street.

01:24I'm Caroline Woods with The Street.

01:25I'm Caroline Woods with The Street.

01:26I'm Caroline Woods with The Street.

01:27I'm Caroline Woods with The Street.

01:28I'm Caroline Woods with The Street.

01:29I'm Caroline Woods with The Street.

01:30I'm Caroline Woods with The Street.

01:31I'm Caroline Woods with The Street.

01:32I'm Caroline Woods with The Street.

01:33I'm Caroline Woods with The Street.

01:34I'm Caroline Woods with The Street.

01:35I'm Caroline Woods with The Street.

01:36I'm Caroline Woods with The Street.

01:37I'm Caroline Woods with The Street.

01:38I'm Caroline Woods with The Street.

01:39I'm Caroline Woods with The Street.

01:40I'm Caroline Woods with The Street.

01:41I'm Caroline Woods with The Street.

01:42I'm Caroline Woods with The Street.