Delta Air Lines has reinstated its profit outlook for the year, projecting adjusted earnings of $5.25 to $6.25 per share, following better-than-expected Q2 results. The announcement sent Delta’s stock surging by 12%, reaching a three-month high, and positively impacted rival airlines. CEO Ed Bastian attributed the recovery to increased corporate travel, consumer resilience amid trade disputes, and the economic boost from tax cuts and tariff progress. The resurgence in travel demand reflects growing optimism in the US market.
about Delta's Profit Outlook Boosts Airline StocksEd Bastian
0 posts last weekStock Market Update Job Report Insurance Losses and Airline Earnings Surge
Market watchers are anticipating a stable unemployment rate of 4.2% in December, with expectations of 155,000 new jobs added. U.S. stock futures are slightly lower following a market closure for former President Jimmy Carter’s funeral, while insurance stocks drop amid soaring wildfire damage estimates of up to $150 billion. Delta Air Lines shares surge 7% after beating Q4 profit expectations, and Taiwan Semiconductor Manufacturing Co. sees a 1.2% rise in shares following better-than-expected revenue results.
about Stock Market Update Job Report Insurance Losses and Airline Earnings SurgeKey updates on wildfires, Delta Airlines earnings, and Trump legal proceedings
Wildfires in the Los Angeles area have led to the evacuation of nearly 180,000 people and could result in insured losses exceeding $20 billion, with total economic damages estimated at nearly $50 billion. Delta Air Lines reported strong fourth-quarter earnings and anticipates over $4 billion in free cash for 2025, while Federal Reserve Governor Michelle Bowman indicated that the recent interest rate cut may be the last, citing concerns over inflation. In legal news, the U.S. Supreme Court has allowed proceedings in Donald Trump’s hush money case to continue, with a sentencing expected to result in no jail time or penalties.
about Key updates on wildfires, Delta Airlines earnings, and Trump legal proceedings