Core Insights - Delta Air Lines has reissued its full-year earnings guidance after three months, indicating a recovery in airline demand from the initial impacts of the Trump trade war [1] - The company expects adjusted earnings per share (EPS) for the year to be between $5.25 and $6.25, with the midpoint exceeding analysts' average expectation of $5.35 [1][4] - Delta reported adjusted EPS of $2.10 for the second quarter, surpassing analysts' average estimate of $2.07, while quarterly revenue remained flat compared to the previous year [1][5] Group 1: Financial Performance - The strong performance in the second quarter is attributed to high-margin business segments, including international premium cabin ticket sales, loyalty program credit card spending, and cargo operations, which collectively contributed 59% of total sales [5] - For the third quarter, Delta anticipates adjusted EPS between $1.25 and $1.75, slightly below analysts' average expectation of $1.33, with revenue expected to remain flat or grow by 4% [4] Group 2: Market Conditions - Despite the recovery in demand, it remains below earlier industry expectations, as Delta was the first U.S. airline to withdraw its full-year guidance three months ago due to global trade and economic uncertainties [4] - The airline industry has faced challenges this year, including a series of incidents and a decline in domestic travel due to economic and trade uncertainties [6] - Delta plans to slow capacity growth after the summer peak season in collaboration with other airlines to improve ticket prices [6]