Reported 1 day ago
US airline stocks rallied on Thursday after Delta Air Lines reported strong quarterly earnings that exceeded expectations and reinstated its forecasts, boosting optimism within the industry. Shares of American Airlines and United Airlines rose over 11%, while Southwest Airlines saw a 5% increase. Delta's performance, including a stabilization in bookings and growth in premium ticket and loyalty program revenues, has elevated hopes for other airlines, with analysts anticipating similar improvements in their upcoming earnings reports.
Source: YAHOO