Delta, United Airlines and earnings per share
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The carrier will report earnings Thursday, providing an update on the health of the travel sector and the U.S. economy.
After withdrawing its outlook in April, Delta is again forecasting a profit—though at a significantly lower level than originally projected.
Delta Air Lines Inc. 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 US consumer.
United Airlines soared by 14.33 percent on Thursday to close at $91.67 apiece as sentiment was bolstered by upbeat comments about the overall travel industry and investor repositioning ahead of the
Delta Air Lines, the world’s largest carrier by revenue, reported upbeat second quarter results and reinstated its guidance as growing economic clarity deflects headwinds resulting from a global trade war.
Analysts expect that airlines will have a tepid earnings season as tariff uncertainty and declining U.S. dollar weigh on the industry.