This archive report was first published on 4 July 2019.
On July 4, 2019, Delta Air Lines delivered a strong second-quarter performance, defying the challenges faced by its US peers.
Unlike American Airlines, United Airlines, and Southwest Airlines, which were forced to cancel flights due to the grounding of the Boeing 737 Max, Delta was not affected, as it does not operate the aircraft.
Delta's total revenue grew between 8% and 8.5% for the quarter, surpassing its April projection of 6% to 8% growth.
Unit revenue, a key metric measuring airfares, increased by approximately 3.5%, exceeding the airline's forecast of 1.5% to 3.5% growth.
Delta's profit margins are expected to be about 1% better than anticipated, driven by lower jet fuel costs.
Shares of Delta jumped 2% in early trading, while its peers, American, United, and Southwest, also saw a slight increase in their stock prices.
