Delta Air Lines Surges After Q3 Profit Beats Estimates
The carrier raised its full-year 2025 forecast, citing resilient demand for premium travel and a rebound in corporate bookings.
Delta Air Lines (DAL) shares jumped on Thursday after the carrier posted third-quarter earnings and revenue that topped Wall Street expectations and raised its outlook for the full year, signaling sustained momentum from the post-pandemic travel boom.
The Atlanta-based airline reported an adjusted profit of $1.71 per share on revenue of $15.2 billion for the quarter. The performance , which had projected earnings of around $1.55 per share. The strong results were fueled by robust demand, particularly in the premium cabin, where revenue saw a 9% year-over-year increase.
The company's performance reflects a continued consumer appetite for air travel, even amid broader economic uncertainty. Corporate sales also showed a significant rebound, rising 8% compared to the same period last year, a key indicator of health in the business travel segment. Delta's loyalty program revenue also climbed 9%, underscoring the strength of its high-margin revenue streams. In response to the strong report, shares of Delta climbed nearly 6% in morning trading.
Buoyed by the strong results, to approximately $6.00. This updated forecast suggests the airline expects the and beyond. For the upcoming fourth quarter, Delta anticipates adjusted earnings between $1.60 and $1.90 per share, reinforcing its optimistic outlook on operational performance and consumer demand heading into the new year.