Delta Soars 11% as Guidance Returns and Record Revenue Lifts Outlook

Delta Air Lines (NASDAQ:DAL) reinstated its full-year guidance, a move driven by renewed confidence in the business following a record-setting June quarter. The airline now expects earnings per share to land between $5.25 and $6.25 for the year, with free cash flow projected at $3 billion to $4 billion.

Investors welcomed the update, sending shares up more than 11% on Thursday. The positive momentum comes despite broader macro concerns, including tariff-related risks to consumer sentiment. Delta’s strong execution and robust passenger demand helped it beat expectations on several fronts.

Revenue for the quarter reached $15.51 billion, slightly ahead of the $15.45 billion forecast and marking a modest year-over-year increase. Adjusted EPS came in at $2.10, narrowly topping Wall Street’s $2.07 estimate.

Looking ahead, the airline expects third-quarter revenue to range from flat to 4% higher compared to last year. The company also anticipates improved unit revenue trends and its strongest non-fuel cost performance of the year. With demand steady and capacity adjustments underway, Delta appears well-positioned to maintain profitability through the second half of its 100th anniversary year.