Why Delta Air Lines Is Flying High Today

ET after the company reported better-than-expected earnings and reinstated guidance for the year

Image source: Delta Air Lines

Greater clarity, strong forecast It is not an easy time to be an airline executive

Higher interest rates and uncertainty the consumer caused Delta to withdraw full-year guidance in April, raising questions the all-important summer vacation season

Three months later, Delta is feeling much stronger the quarters to come

And it reinstated guidance, jecting a full-year adjusted fit of $5

Wall Street had expected a fit of $5. 35 per for the year. "As we look to the second half of our centennial year, we remain focused on executing our strategic priorities and managing the levers within our control to der strong earnings and cash flow," CEO Ed Bastian said in a statement. "Reflecting our confidence in the, we are restoring financial guidance. " Is Delta stock a buy

Airlines are notoriously cyclical stocks, heavily influenced by the health of the overall economy

When times are tough, households tend to avoid spending on travel in favor of making sure the bills are paid

But Delta's booking trends indicate strength into the fall

Even with Thursday's rally, Delta s are still down slightly for the year

Given the outlook, this airline stock can continue to gain altitude from here

Lou Whiteman has no position in any of the stocks mentioned

The Motley Fool recommends Delta Air Lines

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