Delta Air sees profit boost
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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.
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.
After withdrawing its outlook in April, Delta is again forecasting a profit—though at a significantly lower level than originally projected.
Delta Air Lines 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 U.S. consumer.
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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.
Svetlana Dali, a woman convicted of sneaking onto a flight from New York City to Paris, has been sentenced to time served.
Stocks traded higher Thursday as Wall Street monitored the latest tariff announcements from President Donald Trump, including a 50% tariff on Brazilian goods.These stocks were making moves Thursday:Nvidia was up 0.