Companies

Delta Air Lines Shares Soar Despite Pausing Annual Guidance Amid Slow Growth Expectations

The company posted better-than-expected first-quarter earnings.
Delta Air Lines Shares Soar Despite Pausing Annual Guidance Amid Slow Growth Expectations
Delta Airlines planes are parked at Hartsfield-Jackson Atlanta International Airport in Georgia, on June 28, 2024. Andrew Harnik/Getty Images
Wesley Brown
|Updated:
0:00

Delta Air Lines Inc.’s shares were up nearly 10 percent in early trading on April 9, after the Atlanta-based carrier reported better-than-expected first-quarter earnings and paused its yearly profit and sales outlook.

Despite the current “slow-growth environment” due to global trade uncertainty surrounding U.S. tariff policy, Delta CEO Ed Bastian said that the nation’s largest airline carrier was well-positioned to handle the “microeconomic environment” with a strong balance sheet and a strong international portfolio.

Wesley Brown
Wesley Brown
Author
Wesley Brown is a long-time business and public policy reporter based in Arkansas. He has written for many print and digital publications across the country.