Delta Air sees profit boost
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Delta Air Lines said on Thursday its bookings have stabilized, prompting it to forecast a brighter profit outlook for coming quarters, even as
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.
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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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.
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Stocktwits on MSNDelta’s Robust Q2 Earnings Report Lifts Airline Peers — Goldman Sachs Hikes Price TargetDelta Air Lines’ strong second-quarter earnings report and the reinstatement of its annual forecast ensured the shares of the company and its peers were among the top S&P 500 gainers on Thursday. The company’s rival,
Delta second quarter results, the first from the airline industry, continued a trend of increased revenue from premium segments and diminished domestic revenue.
Svetlana Dali, a woman convicted of sneaking onto a flight from New York City to Paris, has been sentenced to time served.
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.