American Airlines Group, Inc. AAL and United Airlines Holdings, Inc. UAL shares are trading higher on Tuesday in sympathy with Delta Air Lines DAL, which raised its second-quarter and 2023 guidance.
What To Know:
Delta raised its second quarter and 2023 fiscal year guidance on Tuesday in the company's Investor Day presentation. The company forecast adjusted earnings per share of $2.25 to $2.50 for the second quarter, up from a previous range of $2 to $2.25 a share.
Delta CEO, Ed Bastian, said the company’s second-quarter earnings could be its highest ever for the April-June period and commented on CNBC's "SquakBox", “The demand as you know, as anyone that’s traveling knows, is off the chain.”
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AAL, UAL Price Action: According to Benzinga Pro, shares of American Airlines are trading nearly 6% higher at $17.40 and shares of United Airlines are trading 5.6% higher at $56.30 at the time of publication.
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