Delta Air sees profit boost
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Delta topped Wall Street expectations for the quarter and reinstated full-year guidance. The company is feeling much more upbeat about the quarters to come than it was three months ago, propelling the stock higher.
Delta on Thursday reported a second-quarter profit of $2.13 billion, up 63% from a year earlier, when the industry was struggling with a glut of open seats on domestic flights. On an adjusted basis, its earnings fell 10% from a year earlier but still outpaced what analysts expected.
Delta second quarter results, the first from the airline industry, continued a trend of increased revenue from premium segments and diminished domestic revenue.
Delta Air Lines (NYSE:DAL) rallied in premarket trading on Thursday after topping Q2 estimates and setting profit guidance ahead of expectations. The airline company reported operating revenue of $15.
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Delta Air extended its winning streak to a third straight day on Thursday, jumping 11.99 percent to close at $56.78 apiece as investors cheered its impressive earnings performance in the second
For the most recent quarter, analysts expect Delta to report earnings of $2.03 per share on revenue of $16.18 billion for the upcoming quarter. This reflects a decrease compared to the same quarter last year when the company reported earnings of $2.36 per share on revenue of $16.66 billion.
Delta Air Lines (NYSE: DAL) reported strong Q2 results, with revenue of $16.65B and adjusted EPS of $2.10. Full-year 2025 guidance reinstated.
Delta Air Lines CEO Ed Bastian is predicting a “good summer” as the US carrier’s confidence appeared to return with the release of its latest financial results.
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