Delta hits record profits and airline stocks bounce
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The carrier will report earnings Thursday, providing an update on the health of the travel sector and the U.S. economy.
WK Kellogg—whose brands include Froot Loops, Frosted Flakes and Rice Krispies—was spun off from Kellogg in 2023, a move that separated its North American cereal business from its remaining global snacking business, which was named Kellanova.
Delta Air Lines Inc.’s stock soared in morning trading Thursday after the air carrier topped Wall Street’s estimates for second-quarter profit and revenue and restored its full-year guidance.
For the most recent quarter, analysts expect Delta to report earnings of $2.03 per share on revenue of $16.18 billion for the upcoming quarter. This reflects a decrease compared to the same quarter last year when the company reported earnings of $2.36 per share on revenue of $16.66 billion.
U.S. and overseas mining stocks rallied about 3% or more after President Trump confirmed copper tariffs will [take effect Aug. 1](
Delta Air Lines was one of the top-performing stocks in the S&P 500 Thursday after the carrier reported better second-quarter results than analysts had expected and reinstated its full-year outlook.
Delta Air Lines, the world’s largest carrier by revenue, reported upbeat second quarter results and reinstated its guidance as growing economic clarity deflects headwinds resulting from a global trade war.
U.S. mining stocks rallied after President Trump confirmed copper tariffs will [take effect Aug. 1](
Delta Air Lines executives say they believe the current slump in domestic air travel will pass soon, prompting the carrier to restore a full-year earnings forecast that it scrapped this spring amid market volatility.
Trump the tariff man has returned in force. The president slapped a 50% tariff on copper imports, powering shares of metals play Freeport-McMoRan ( FCX) up almost 5% on the week. Copper ( HG=F) prices have surged 10% since Monday.