US EditionDelta shares jump 10% after reinstating 2025 profit outlook as CEO says bookings stabilized
UNITED STATES, JUL 10 – Delta Air Lines' strong Q2 earnings, driven by premium seat sales and a 10% revenue increase from its American Express partnership, led to a 13% jump in shares, reinstating its 2025 profit outlook.
- In a July 10 release, Delta Air Lines reported Q2 adjusted EPS of $2.10 on $15.51 billion revenue, trimming 2025 profit forecasts due to demand and industry glut.
- Mounting industry flight glut, tariffs, and hesitant consumers led Delta to cut its 2025 profit forecast, despite strong quarterly results.
- Statements show Delta's EPS of $2.10 versus $2.05 expected, revenue of $15.51 billion versus $15.48 billion, and a 10% increase in American Express partnership revenue to $2 billion.
- In response to strong earnings, Delta's shares soared 13% in premarket trading, while rival airlines withdrew guidance and announced flight capacity cuts.
- For Q3, Delta projects adjusted EPS of $1.25–$1.75 versus $1.31 consensus, with planned 'surgical' capacity reductions after summer.
85 Articles
85 Articles
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Delta Gives Upbeat Outlook as CEO Hails ‘Stable’ Environment - Bloomberg Intelligence
Watch Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and John Tucker George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses Delta Airlines earnings. Delta Air Lines reinstated a profit outlook for the year, expecting an adjusted profit of $5.25 to $6.25 a share, and said travelers are coming back. Mandeep Singh, Bloomberg Intelligence Senior Tech Indu…
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