The good news sent shares of other airlines higher.
- Delta Air Lines reported an earnings and revenue beat for the fourth quarter.
- The good news sent Delta shares and other airlines higher.
- Watch Delta Airlines stock trade in real time here.
Delta shares are trading higher by 3.8% at $57.98 a piece after the company reported a beat on both the top and bottom lines.
Delta reported earnings of $0.96 per share on operating revenue of $10.25 billion. Wall Street analysts had predicted earnings of $0.88 on revenue of $10.13 billion.
Higher costs during the third quarter were offset by increased traffic over the holiday season. The company said its holiday momentum will continue into the first quarter and its closely-watched total unit revenue number will increase between 2.5% and 4.5%.
Delta is the first airline, and one of the first public companies, to report its fourth-quarter results. Other airlines, including American and Southwest, were up following the good news from Delta.
Delta is up 2.27% this year.
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