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'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.
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.
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.
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An Airbus A330 bound for New York diverted to Lajes Airport on a remote island following mechanical issues, with all passengers and crew members arriving safely.
After withdrawing its outlook in April, Delta is again forecasting a profit—though at a significantly lower level than originally projected.
Delta Air Lines Inc. issued a new profit target for this year after pulling the goal three months ago, in a sign that demand is bouncing back from the initial shock over US President Donald Trump’s tariff war.