How Delta’s earnings beat set the tone for the airline sector

Delta Air Lines reported Q2 adjusted EPS of $2.10-$2.13 on ~$15.5–16.7 bn in revenue, topping expectations. It reinstated full-year EPS guidance ($5.25–6.25) and raised its dividend ~25%. This triggered a ~12–13% stock surge, lifting other airline names and pushing the S&P 500 and Nasdaq to new highs

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