No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Shares in Delta Air Lines were on the ascent in pre-market trade on Tuesday after the Atlanta-based carrier raised its revenue guidance for the first quarter.
A presentation to the JPMorgan Industrials Conference revealed that the airline now expected high-single-digit revenue growth year-on-year over the first three months of 2026, up from its January estimates of 5-7% growth and well ahead of the 1% increase registered in the fourth quarter.
Total revenues are now tipped to come in at between $15.0bn and $15.3bn, compared with $14.0bn the year before, though slightly behind the $16.0bn reported for the fourth quarter.
The company said it was raising revenue guidance due to "demand momentum", with consumer and corporate trends having accelerating into March.
Strength was reported across the main, premium and loyalty sectors, as well as its maintenance, repair and overhaul operations.
Regarding the energy crisis, as oil prices continue to trade near four-year highs, Delta said it was "well positioned to navigate the current environment" and would maintain capacity flexibility if elevated prices persist.
The stock was trading 5% higher at $63.88 by 1232 GMT, having dropped more than 14% over the past month.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.