Delta Air Lines shares surged after beating Q2 expectations and reinstating its full-year profit forecast. Stabilized demand, strong premium sales, and a positive Q3 outlook boosted investor sentiment across the airline sector.

A big reason the stock spiked 13% on Thursday was because of the outlook. It reinstated its annual guidance, calling for earnings of $5.25 to $6.25 per share for the full fiscal year. That’s down from the Q4 guidance but the company did not then foresee the first quarter economic slowdown or massive tariff impact.