Delta hits record profits and airline stocks bounce
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Lima — with its rich history and its proximity to iconic outdoor spaces — is the top South American city that people flying out of Salt Lake City are trying to reach, according to Delta. The two-month service will provide direct access, which the airline says is convenient not just for Salt Lake City but also for many other Western cities.
Delta Air Lines could be adding a basic version of its higher-end fares, and teased a growing number of premium seats in the future.
Airlines stocks took off on Thursday, boosted by Delta reporting better-than-expected earnings and reinstating its full-year guidance. Here are the key chart levels to monitor for shares of three major U.
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Delta is looking into new ultra-luxury business class cabins - Delta will cut main cabin capacity by about 1 percent by late summer 2025 due to declining demand for low-cost fares, while increasing investment in premium seating.
Delta's revenue from premium seats like business class rose 6% in the first half of the year to $10.6 billion, while main cabin economy ticket revenue dropped 4% to $11.7 billion. The carrier, the most profitable U.S. airline, has said for years that its share of sales from high-end seats and its lucrative loyalty program has been growing.
Delta Air Lines will launch the first-ever nonstop to South America from Salt Lake City International Airport (SLC).
Third-party revenue at Delta TechOps is back to pre-pandemic levels and poised to grow steadily in the coming years as the aftermarket specialist leverages its growing competence on both current-generation and legacy platforms.