United Airlines Holdings Inc UAL shares rose by 2.73% on the Nasdaq Stock Market to $56.92 yesterday. The value of several airline stocks is up, thanks to a better-than-expected second-quarter performance from Delta Air Lines, Inc. DAL.
In adjusted operating revenue, Delta Air Lines achieved a significant 19% year-on-year growth, topping the consensus estimate of $14.46 billion. Delta's adjusted EPS of $2.68 beat the consensus estimate of $2.39.
Passengers' revenue increased significantly, reaching $13.21 billion, a significant 21% increase compared to the previous year. But cargo revenue fell by 37% year-on-year, amounting to $172 million.
Delta's operating performance was characterized by positive results, with an adjusted operating income of $2.5 billion, a remarkable 73% year-on-year increase. 45 and a 52-week low of $31.58.