Reported 1 day ago
Delta Air Lines experienced a notable rise in stock value after exceeding earnings expectations and restoring its guidance, driven by improved economic conditions and clarity from tax legislation and trade negotiations. The airline reported a slight revenue increase and positive adjusted earnings per share, while its focus on premium services has positioned it favorably compared to budget carriers. CEO Ed Bastian emphasized growing consumer confidence and a strong summer travel season, indicating a shift towards premium experiences in the airline industry.
Source: YAHOO