Airline Stocks Soared
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Delta flight makes emergency landing on small island
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Delta Air Lines CEO Ed Bastian is predicting a “good summer” as the US carrier’s confidence appeared to return with the release of its latest financial results.
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.
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Stocktwits on MSNDelta’s Robust Q2 Earnings Report Lifts Airline Peers — Goldman Sachs Hikes Price TargetDelta Air Lines’ strong second-quarter earnings report and the reinstatement of its annual forecast ensured the shares of the company and its peers were among the top S&P 500 gainers on Thursday. The company’s rival,
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.
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A Delta flight bound for Fort Lauderdale had to do divert and land instead in Fort Myers after smoke from a "personal battery" was reported, according to the airline.
Delta second quarter results, the first from the airline industry, continued a trend of increased revenue from premium segments and diminished domestic revenue.
Svetlana Dali, a woman convicted of sneaking onto a flight from New York City to Paris, has been sentenced to time served.
Shares of Delta Air Lines rocketed higher Thursday after the carrier reported better-than-expected profits and reinstated its full-year forecast based on a reassuring travel outlook.