Delta Air sees profit boost
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Airlines stocks took off on Thursday, boosted by Delta reporting better-than-expected earnings and reinstating its full-year guidance. Here are the key chart levels to monitor for shares of three major U.
Delta's revenue from premium seats like business class rose 6% in the first half of the year to $10.6 billion, while main cabin economy ticket revenue dropped 4% to $11.7 billion. The carrier, the most profitable U.S. airline, has said for years that its share of sales from high-end seats and its lucrative loyalty program has been growing.
Delta flight 127 was flying from Madrid to New York on July 6, but was forced to make an emergency landing on the small remote island in the middle of the Atlantic Ocean.
The airline’s upbeat outlook for the year has been dimmed by economic turbulence in the U.S. that made people hesitant to book flights.
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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.
Stocks are off to a sluggish start on Wall Street, while Delta Air Lines led a rally in airline stocks after releasing a solid outlook for the rest of 2025.
Svetlana Dali, who was found guilty of stowing away on a New York flight bound for Paris last year, was sentenced on Thursday to time served with one year of supervised release.