Delta Air Lines’ second-quarter profits rose more than 30% from a year ago and topped analysts’ expectations, thanks to strong travel demand, the airline said Thursday. Shares were up more than 2% after it reported results.
The Atlanta-based carrier posted a per-share profit of $2.35, on an adjusted basis, on record revenue of $12.5 billion, roughly in line with estimates. Higher revenue from premium cabins and corporate travel helped drive sales higher, the airline said.
Delta expects earnings per share of $2.10 to $2.40 in the third quarter, in line with estimates.
Delta’s executives hold a call with investors at 10 a.m. ET.