Airline Stocks Soar
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Asianet Newsable on MSNDelta To Kick Off Q2 Airline Earnings: Wall Street Awaits Outlook Amid Trump Tariff UncertaintyAccording to Fiscal.ai data, analysts expect the company to post second-quarter EPS of $2.05 on revenue of $16.18 billion.
Analysts expect that airlines will have a tepid earnings season as tariff uncertainty and declining U.S. dollar weigh on the industry.
After withdrawing its outlook in April, Delta is again forecasting a profit—though at a significantly lower level than originally projected.
Delta Air Lines, the world’s largest carrier by revenue, reported upbeat second quarter results and reinstated its guidance as growing economic clarity deflects headwinds resulting from a global trade war.
Delta Air Lines Inc. reinstated a profit outlook for the year and said travelers are coming back, prompting its stock to surge amid a fresh sense of confidence in the beaten-down US consumer.