Home Options Trading Advantage Options – Shares of Delta Airlines Soar on Improved Revenue...

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Shares of Delta Airlines (DAL) rose sharply in trading on Tuesday after the company forecast that its third-quarter unit revenue would be better than expected with the impact of Hurricane Irma factored in. Previously, the aftermath of the hurricane was expected to make a bigger dent in the airline’s profits, but the company now believes the impact will be softer and that overall it expects passenger revenue to rise about 2% for the third quarter. DAL shares finished up +6.59% to settle at 51.25. Other airline stocks had similar outcomes. Keep an eye on this stock and other airline stocks as the week progresses.

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