- 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 up 2.27% this year.
- Markets Insider