Escalating US-Israel-Iran conflict sparks market turmoil: airlines and cruises drop 5-7% on fuel fears, while defense firms like Lockheed soar amid rising geopolitical tensions. Oil jumps sharply.
Despite record revenue, Delta disappoints investors with below-estimate forecasts. Main cabin revenue crashes 7% as airline chases wealthy.
Southwest Airlines beats expectations with Q3 profit, driven by new baggage fees and improved travel demand. Carrier forecasts record Q4 revenue amid major business transformation.
Delta Air Lines delivered impressive third-quarter results, driven by strong corporate travel recovery and high-margin premium sales. The airline issues a bullish outlook for the remainder of the year and 2026.
Delta is expanding premium seats as many consumers struggle and economy class loses money. Corporate and some international travel remain strong, while other airlines also see cautious improvements.
