达美航空(DAL.N)上涨12%，为4月9日以来最大单日涨幅。 ...

美股三大指数开盘涨跌不一 房多多涨超11% 智通财经7月10日电，美股开盘，道指跌0.08%，纳指涨0.16%，标普500指数涨0.05%。房多多大涨超 11%，贝壳涨超5%；达美航空涨超11%，此前公司恢复本财年指引。 ...

Financial Performance - Delta Airlines Q2 earnings beat expectations, although expectations had been lowered [1] - Full-year guidance is now $525 to $625, lower than the initial expectation of at least $735 in January [1] Market Trends & Industry Dynamics - Main cabin demand is down 5%, indicating price sensitivity among customers [3] - Industry capacity in the main cabin domestically is expected to decrease significantly starting in August [3] - Delta plans to keep domestic capacity flat to down, focusing growth on international routes and premium cabins [5] - Europe has been a strong market, but a weak dollar and negative tourism headlines are having a modest impact [5][6] - Inbound travel from Europe to the US represents 20% of the mix, which can be offset by increased American outbound travel [7] Future Outlook - Fall bookings for international travel look strong, suggesting a seasonal shift in travel patterns [9] - International travel remains a key area for future growth [9]

Core Insights - Delta Air Lines reported growth in revenue, premium revenue, and international revenue, particularly in trans-Pacific routes, allowing the company to restore its full-year forecast [2][4] - The earnings forecast for the year is now between $5.25 and $6.25 per share, a decrease from the previous forecast of $7.35 per share [3] - Delta's second-quarter revenue reached $15.51 billion, a 1% increase year-over-year, with net income rising to $2.13 billion or $3.27 per share, compared to $1.3 billion or $2.01 per share in the same quarter last year [5][6] Revenue Breakdown - High-margin revenue streams accounted for 59% of total revenue, with premium revenue growing 5% year-over-year, while domestic coach revenue saw a decline [7][6] - International revenue increased by 2%, with trans-Pacific revenue up 11% and transatlantic revenue up 2%, surpassing record levels from 2024 [8] - Domestic revenue fell by 1% to $9.3 billion, indicating challenges in the domestic market [8] Market Reactions and Analyst Insights - The restoration of the earnings forecast led to a 10% increase in Delta's shares during pre-market trading, viewed positively by analysts [4] - Analysts express caution regarding extrapolating Delta's guidance to other airlines, particularly those lacking premium or diverse revenue streams [5] - Demand trends for Delta stabilized, with expectations for total revenue in the September quarter to be flat to up 4% compared to the previous year [10][11]

Core Viewpoint - Delta Air Lines reported a stable Q2 revenue of approximately $16.65 billion, with adjusted earnings per share of $2.10, exceeding analyst expectations, indicating a recovery in market demand post-trade tensions [1] Financial Performance - Q2 revenue was approximately $16.65 billion, unchanged from the previous year [1] - Adjusted earnings per share were $2.10, higher than the expected $2.07 [1] - Delta revised its annual earnings forecast to an adjusted EPS of $5.25 to $6.25, signaling confidence in the market [1] - The midpoint of the new EPS forecast (5.75) is above the analyst average expectation of $5.35 but lower than the previous forecast of over $7.35 [1] Business Segments - Delta's revenue growth was driven by high-margin businesses, including increased sales of premium tickets, growth in frequent flyer program credit card spending, partnerships with American Express, cargo operations, and internal maintenance services, which contributed 59% of total revenue [2] Industry Context - The airline industry faced challenges in H1 2023, including accidents and air traffic control disruptions, leading to a significant drop in domestic travel demand [3] - Despite the downturn, international premium travel and frequent flyer travel remained strong, while domestic economy demand stagnated [3] - Delta's CEO noted a gradual recovery in air travel demand as tax cuts and spending plans were approved, and tariff negotiations progressed [3] - The airline industry is expected to adjust capacity growth post-summer to improve ticket prices [4]

Market Movements - US stock index futures are all down ahead of the market opening, with Dow futures down 0.10%, S&P 500 futures down 0.06%, and Nasdaq futures unchanged [1] - European indices show positive movement, with Germany's DAX up 0.22%, UK's FTSE 100 up 1.17%, France's CAC40 up 0.64%, and the Euro Stoxx 50 up 0.27% [2][3] - WTI crude oil is down 0.58% at $67.98 per barrel, while Brent crude oil is down 0.48% at $69.85 per barrel [3][4] Federal Reserve Insights - The Federal Reserve's meeting minutes reveal policy disagreements, with some members supporting a potential rate cut as early as July, while others prefer to hold rates steady for the year [5] - Citigroup maintains its expectation for a possible rate cut in September, citing a current unemployment rate of 4.1% as making a July cut "extremely unlikely" [5] Economic Risks - Goldman Sachs warns that the optimistic "Goldilocks" scenario for US stocks faces three key risks: stagflation, turmoil in long-term bond markets, and a sharp decline in the dollar [6] - The firm suggests that leading indicators and business cycle scores indicate a slowdown in US economic growth, advising a more cautious approach to equities [6] Regional Bank Stocks - US regional bank stocks have seen a strong rebound but may face short-term pullback risks as earnings season approaches [7] - The SPDR S&P Regional Banking ETF (KRE) has risen over 8% in the past month, nearly double the S&P 500's gain, but analysts suggest caution ahead of earnings reports [7] Copper Market Reaction - President Trump's announcement of a 50% tariff on imported copper has shocked the market, with JPMorgan and Morgan Stanley predicting further decoupling of US copper prices from international prices [8] - JPMorgan expects LME copper prices to decline to $9,100 per ton by Q3 2025, while Morgan Stanley anticipates a significant premium for COMEX prices over LME prices [8] Company Earnings - Delta Air Lines reported Q2 earnings that exceeded expectations, with adjusted revenue of $15.51 billion and EPS of $2.10, leading to a positive outlook for the full year [9] - Tesla plans to expand its Robotaxi service to the San Francisco Bay Area within one to two months, pending regulatory approval, highlighting its commitment to commercializing autonomous driving technology [10] - TSMC's Q2 revenue grew by 39%, driven by sustained demand for AI chips, exceeding market expectations [11] Amazon's Prime Day Performance - Amazon's extended Prime Day promotion faced challenges, with sales on the first day down 41% year-over-year, raising concerns about consumer behavior during longer promotional periods [12] Acquisition News - WK Kellogg is reportedly receiving a $3 billion acquisition offer from Ferrero, with a significant short position in WK Kellogg's stock potentially amplifying price reactions [13]

Core Insights - Delta Airlines CEO indicates that the trend of consumer fatigue is showing signs of alleviation [1] - There is a slight decline in transatlantic routes from Europe to North America [1] - Overall performance of transatlantic routes during the summer has been strong [1] - Fall booking volumes appear to be robust [1]

Delta Air Lines Shares Rise on Restored Full-Year Guidance. Get caught up on the day's gainers and decliners on the latest Stock Movers report https://t.co/9CpvQF71yv ...

Meanwhile, Delta Airlines just reporting and Phil Labau joins us now with the numbers. Bill, Robert, take a look at shares of Delta, the company reporting Q2 results that are better than expected. Though remember the estimates have come down quite a bit over the last several weeks.For the quarter, Delta earned $210 adjusted. That's better than the estimate of 205. Revenue coming in at 15.51% billion, a little better than the estimate of 15.48% billion.The metrics in the second quarter year-over-year, listen ...

Airline Performance & Outlook - Delta Air Lines achieved a slight beat on earnings, but guidance reflects concerns about the broader economy [1] - Revenue is holding, suggesting a positive outlook for all airlines, especially full-service carriers [2] - Reinstatement of full-year guidance is driving positive premarket trading activity, indicating that significant pessimism may already be priced into the airline sector [5] Market Segmentation & Trends - A divergence is expected between airlines catering to higher-income individuals with premium offerings and those with budget-friendly approaches [3] - Premium offerings are outperforming, benefiting larger, full-service carriers [4] - Budget and ultra-low-cost carriers are reducing capacity, which should improve their profitability, although it's still early in the process [4] External Factors & Tailwinds - Big full-service carriers are benefiting from strong foreign travel into Europe, acting as a tailwind for the "big three" in the U S [6] - There is general concern and pessimism within the airline sector [5][6]