Delta Air Lines CEO Confident In Stronger 2025 As Demand Holds Steady

Delta Air Lines, Inc. (NYSE:DAL) shares rose in premarket trading Thursday after the Atlanta-based carrier posted stronger-than-expected second-quarter results and reinstated its full-year 2025 guidance.

Operating revenue for the quarter was $16.65 billion, flat from a year ago but above the consensus estimate of $16.18 billion. Adjusted operating revenue rose 1% year over year to $15.51 billion.

Delta credited its June-quarter revenue, a 1% year-over-year increase, to continued strength in high-margin segments. Premium cabin sales rose 5%, loyalty revenue climbed 8%, American Express (NYSE:AXP) remuneration increased 10% to $2 billion, while adjusted unit revenue declined 3% amid 4% capacity growth.

Also Read: Airline Stocks Face Flat Q2—But 1 Thing Could Lift Them

Adjusted earnings per share were $2.10, down 11% from the year-ago period but topping expectations of $2.05. The airline’s adjusted average fuel price fell to $2.26 per gallon, compared with $2.64 last year.

Passenger revenue surged 26% to $13.88 billion, while cargo revenue rose 7% to $212 million. Other revenue declined 2% to $2.57 billion.

Delta reported adjusted operating income of $2.05 billion, down from $2.27 billion a year earlier. Adjusted ...