[Featured Stocks] Airline Stocks Rise Together on "Expectations of Increased Travel Demand"

On the morning of the 28th, airline stocks are rising in unison. This is attributed to the strong performance of airline companies, including Delta Air Lines, on the previous day’s New York Stock Exchange, driven by expectations of increased travel demand.

At 9:32 a.m. on the same day, Jin Air was trading at 16,380 KRW, up 4.40% from the previous trading day on the Korea Exchange.

At the same time, Jeju Air (2.90%), Air Busan (2.16%), and T’way Air (2.49%) were also showing strong gains.

Korean Air (1.68%) and Asiana Airlines (1.06%) each rose more than 1%.

On the earlier New York Stock Exchange, Delta Air Lines rose 6.84%, while JetBlue (8.82%), American Airlines Group (5.54%), and United Airlines (5.08%) all surged significantly.

This is attributed to Delta Air Lines raising its adjusted earnings per share guidance for the second quarter and full year, considering strong travel demand.

According to CNBC, Delta Air Lines raised its adjusted earnings per share forecast for the second quarter ending in June from $2.00?$2.25 to $2.25?$2.50.

The annual net income estimate for this year was also raised from the high $5 range to $6 per share, and the free cash flow forecast was increased from $2 billion to $3 billion.

Ed Bastian, CEO of Delta Air Lines, said, “Travel demand is expanding,” and added, “Second-quarter results will be the largest ever on a quarterly basis.”

This content was produced with the assistance of AI translation services.