Delta Restores 2025 Forecast as Demand Stabilizes

Delta Air Lines has reinstated its full-year earnings guidance for 2025 after withdrawing it earlier due to economic uncertainty and U.S. tariffs, now projecting earnings per share between $5.25 and $6.25. This range is lower than the airline's January forecast but exceeds analysts’ expectations, reflecting caution amid ongoing softness in main cabin sales and flat passenger revenue. Delta reported record second-quarter revenues of $15.5 billion, a 1% year-over-year increase, and a profit of $2.1 billion, buoyed by growth in premium and loyalty revenues. The company credits improved economic clarity, progress in trade negotiations, and higher consumer and business confidence for the stabilization in demand. Delta continues to avoid tariffs on new aircraft by exploiting regulatory loopholes. The company’s move to restore guidance may prompt similar actions from other airlines as the industry adapts to lingering economic challenges.