Last Wednesday, Delta Air Lines (NYSE: DAL) delivered a strong June-quarter update and reiterated its 2025 outlook, helping steady sentiment after a choppy year for airlines. The Atlanta-based carrier, one of the largest global network airlines, highlighted resilient premium demand, steady co-brand card economics, and progress on costs — all while acknowledging ongoing softness in economy seats.
The mix between main cabin and premium cabins has become a key storyline for Delta. Premium revenue and loyalty economics are doing more heavy lifting, while management trims weaker main cabin flying and leans into higher-margin products. With this backdrop, are shares a buy? More specifically, with guidance intact and premium resilience evident, do shares offer an attractive risk-reward today?
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