The carrier will report earnings Thursday, providing an update on the health of the travel sector and the U.S. economy.

Delta Air Lines Inc. (DAL) is reportedly cannibalizing its Airbus SE (EADSY) jets in Europe for engines to fit them onto its grounded aircraft in the U.S. According to a Bloomberg report, Delta Air Lines is stripping its European aircraft to overcome a shortage of engines as well as uncertainty resulting from President Donald Trump’s tariffs.

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 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.

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.

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.

A big reason the stock spiked 13% on Thursday was because of the outlook. It reinstated its annual guidance, calling for earnings of $5.25 to $6.25 per share for the full fiscal year. That’s down from the Q4 guidance but the company did not then foresee the first quarter economic slowdown or massive tariff impact.

Delta Air Lines regains momentum with raised guidance, dividend hike, and strong premium, loyalty growth. See why DAL stock is upgraded to buy.

The airline reported better earnings than expected for its latest quarter, and restored its forecast for the rest of the year.

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.

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.