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Delta’s bet on wealthy Americans driving the economy is working: Premium seats are set to overtake main cabin for the first time in history
Yahoo Finance· 2025-10-09 17:18
Delta Air Lines delivered a robust set of financial results for the third quarter of 2025, posting record revenue and beating consensus forecasts for earnings, driven largely by continued strength in premium and corporate travel demand. CEO Ed Bastian expressed optimism for the months ahead, projecting full-year adjusted earnings per share (EPS) to reach about $6, at the upper end of previous guidance. The company sees itself strategically positioned to expand margins, grow revenue, and capitalize on premi ...
Delta Ups Profit Outlook After Corporate Travel Roars Back
Benzinga· 2025-10-09 17:15
Delta Air Lines (NYSE:DAL) stock soared in early trading after posting stronger-than-expected third-quarter earnings, driven by rising revenue and robust corporate travel, prompting the airline to lift its full-year profit outlook and signal continued momentum into the fourth quarter.Goldman Sachs analyst Catherine O’Brien gave a positive review of Delta Air Lines’ third-quarter results, noting that the company’s adjusted EPS of $1.71 exceeded the FactSet consensus of $1.53 and Goldman Sachs’ estimate of $1 ...
Dow Dips Over 250 Points; Delta Air Lines Posts Upbeat Earnings
Benzinga· 2025-10-09 17:09
Company Performance - Delta Air Lines Inc. reported better-than-expected adjusted EPS of $1.71 and operating revenue of $16.7 billion, reflecting a 6% year-over-year increase [2] - GAAP EPS for Delta was $2.17, marking a 10% rise from the previous year [2] - Delta anticipates total revenue growth of 2% to 4% for the December quarter, with adjusted EPS projected between $1.60 and $1.90 [3] Market Movements - Turn Therapeutics Inc. shares surged 145% to $17.14 after commencing trading on the Nasdaq Capital Market [9] - Tilray Brands, Inc. saw a 29% increase in shares to $2.2109 following better-than-expected first-quarter financial results [9] - Serve Robotics Inc. shares rose 26% to $17.38 due to a new partnership with DoorDash for autonomous robot deliveries [9] - Helen of Troy Limited shares dropped 21% to $21.90 after reporting second-quarter results and issuing FY26 adjusted EPS guidance below estimates [9] - Ferrari N.V. shares fell 13% to $417.00 after releasing its comprehensive 2030 strategic plan and updated near-term financial guidance [9] - Lucas GC Limited shares decreased by 30% to $0.1082 following a 40-for-1 share consolidation announcement [9] Commodity Prices - Oil prices decreased by 0.1% to $62.52, while gold fell by 0.7% to $4,041.90 [6] - Silver traded down 0.6% to $48.720, whereas copper rose by 1.7% to $5.1790 [6]
Delta Q3 Earnings & Revenues Top on Rosy Travel Demand, Low Fuel Costs
ZACKS· 2025-10-09 17:05
Key Takeaways DAL's Q3 EPS of $1.71 beat estimates and rose 14% year over year on lower fuel costs. Revenues climbed 6.4% YoY to $16.67 B, with gains in premium, loyalty and cargo segments.DAL expects FY25 EPS of approximately $6 and Q4 earnings between $1.6 and $1.9.Delta Air Lines (DAL) reported third-quarter 2025 earnings (excluding 46 cents from non-recurring items) of $1.71 per share, which beat the Zacks Consensus Estimate of $1.52. Earnings increased 14% on a year-over-year basis due to low fuel cost ...
Delta Predicts Premium Seat Sales to Overtake Economy as Soon as 2026
WSJ· 2025-10-09 16:43
Shares of the largest U.S. airline by market capitalization traded 4% higher by midday Thursday after it unveiled quarterly earnings. ...
Delta says its ‘relentless focus’ on customer experience pays off
Yahoo Finance· 2025-10-09 16:31
Core Insights - Delta Air Lines reported a strong recovery in the third quarter with a revenue growth of 4.1% year over year, driven by premium offerings, corporate travel, and loyalty programs [3] - The airline achieved a record third quarter revenue of $15.2 billion and updated its full-year outlook to between $3.5 billion and $4 billion [4] Revenue Breakdown - Premium revenue increased by 9% year over year, while main cabin revenue decreased by 4% year over year [4] - Loyalty revenue also saw a growth of 9% year over year [4] Strategic Focus - Delta's strategy has shifted towards enhancing loyalty programs and premium offerings, which has shown resilience amid previous uncertainties [5] - The airline is expanding its premium seating through retrofits and new aircraft deliveries, increasing the mix of premium seats [5] Customer Retention - Delta's retention rates for premium product customers are in the mid-80% range, indicating strong customer loyalty [7] - The company emphasizes a relentless focus on improving customer experience, which is central to its industry leadership [7]
Delta says premium travel is set to overtake coach cabin sales next year
CNBC· 2025-10-09 16:30
Delta Air Lines customers are getting used to first class.Revenue from the pricier, roomier seats toward the front of the plane could eclipse sales from standard coach seats for at least a quarter or two next year, Delta executives said Thursday.In the last quarter, Delta said ticket revenue from its premium cabin rose 9% from last year to nearly $5.8 billion, while main-cabin ticket revenue fell 4% from a year earlier to just over $6 billion.CEO Ed Bastian said he's seen no sign of premium-travel demand sl ...
Q3 Earnings Season Begins On Positive Note
ZACKS· 2025-10-09 16:20
Market Overview - Pre-market earnings are flat-to-down, with the Dow down 16 points, S&P 500 up 1 point, and Nasdaq down 4 points, while the small-cap Russell 2000 is down 2 points [1] Employment Data - Weekly Jobless Claims numbers are absent for the second consecutive week; the last reported figure showed a drop from 264K to 218K, a decrease of 46K [2] - Continuing Claims have stabilized around 1.93 million, below the 13-week range of 1.94-1.975 million [2] Retail Sector Insights - CNBC's NRF Retail Monitor report for September indicates a decline in retail and restaurant sales by 0.7%, following a 0.5% increase in August; core retail sales also fell by 0.5% from a previous increase of 0.3% [3][4] - The year-over-year growth for retail sales has decreased to 5.4% for headline and 5.7% for core, down from 6.8% and 6.7% respectively a month ago, indicating a healthy spending level despite the recent declines [4] Q3 Earnings Reports - Delta Air Lines reported Q3 earnings of $1.71 per share, exceeding the $1.52 analysts' expectations, with revenues of $16.67 billion, surpassing the Zacks consensus by 5.61% and up from $15.68 billion year-over-year [5][6] - Delta has raised its Q4 earnings guidance to a range of $1.60-1.90 per share, leading to an 8% increase in shares during pre-market trading [6] - PepsiCo reported Q3 earnings of $2.29 per share, slightly above consensus estimates, with revenues of $23.94 billion, outperforming expectations by 0.25%; however, shares are down 8% year-to-date [7] - Tilray reported fiscal Q1 earnings of $0.00 per share, exceeding expectations of -$0.03, with revenues of $210 million, up from anticipated $206.8 million; non-medical cannabis revenues increased by 12% year-over-year, resulting in an 18% rise in shares during pre-market activity [8]
Top Stock Movers Now: Delta Air Lines, PepsiCo, Akero Therapeutics, and More
Yahoo Finance· 2025-10-09 16:19
Group 1: Delta Air Lines - Delta Air Lines stock surged after the company posted quarterly results that exceeded analysts' estimates and provided a positive outlook for the current quarter [2][4] - Shares of rival United Airlines also experienced an increase following Delta's strong performance [2] Group 2: Other Companies - PepsiCo shares advanced after the company reported slightly better-than-expected results and appointed a new CFO [2] - Akero Therapeutics saw its shares rise after Novo Nordisk announced plans to acquire the firm for up to $5.2 billion [3] - Ferrari shares declined after the company issued a soft outlook [3] - Tesla stock fell following an investigation by the National Highway Traffic Safety Administration into its Full Self-Driving software [3][4] Group 3: Market Overview - Major U.S. equity indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq, pulled back after reaching all-time highs [1][4] - Boeing was the worst-performing stock in the Dow after Turkish Airlines indicated a potential switch of a recent order for 150 737 MAX planes to Airbus if engine negotiations fail [4] - Gold prices retreated from record highs, while oil futures and Bitcoin prices also fell [4]
Midday Momentum: Tech and Airlines Drive Markets Amidst Earnings and Geopolitical Shifts
Stock Market News· 2025-10-09 16:08
U.S. stock markets are navigating a mixed but generally resilient midday trading session on Thursday, October 9, 2025, with major indexes hovering near all-time highs established in the previous session. While early trading saw futures largely unchanged, a "buy the dip" sentiment appears to be underpinning market momentum, particularly in the technology and airline sectors. Investors are closely monitoring a flurry of corporate earnings reports, ongoing geopolitical developments, and the lingering impact of ...