Delta Airlines Withdraws 2025 Guidance Citing Tariff Disruptions

(Joe Raedle/Getty Images)

Delta climbs after beating on both sales and profit, forecasts a strong end to 2025

It’s been a turbulent ride for Delta this year, but shares are rising in early trading on Thursday.

America’s largest airline, Delta Air Lines, posted its third-quarter earnings report on Thursday morning, and the results have investors celebrating.

The carrier posted adjusted earnings per share of $1.71, above the $1.53 per share expected by analysts polled by FactSet and at the upper end of Delta’s own estimate for the quarter. The figure represents a 14% rise from the same quarter last year, when Delta was significantly impacted by CrowdStrike’s global IT outage.

For the final quarter of the year, Delta said it expects adjusted earnings of between $1.60 and $1.90 per share. That midpoint, $1.75, is higher than analyst estimates of $1.65 per share. Delta also narrowed its full-year earnings outlook to $6, from a range of $5.25 to $6.25 per share. That range was down from the more than $7.35 per share it guided for in January, when it said 2025 had the potential to be its best fiscal year in a century.

Non-GAAP revenue climbed to $15.2 billion, up 4% from last year’s $14.6 billion and roughly 1% ahead of Wall Street estimates of $15.1 billion. Last month, Delta said demand trends had improved and boosted its sales forecast for the third quarter. In the same month, the carrier was dinged by the Trump administration’s order that it dissolve its nine-year joint venture with Aeromexico by the end of the year.

Premium tickets continued to be Delta’s primary growth driver, rising 9% from last year to $5.8 billion. Main cabin ticket sales, meanwhile, fell 4% to $6.1 billion.

On the ongoing government shutdown that has impacted travel times at several major airports across the country, Delta CEO Ed Bastian told CNBC that the airline hasn’t seen “any impacts at all” at this point.

Delta’s credit card partnership with American Express has continued to pay off. The business scored $2 billion for the third straight quarter, up 12% from last year. Industry experts pin airline credit card profit margins at about 50%.

Tom Jones22m

Domino’s just announced its first rebrand in 13 years — maybe a new, “doughier” font will help sales pick up

Shaboozey! Domino’s Sans! Hotter colors as a nod to the melty heat of a pizza pulled fresh from the oven!

In a buzzword-laden justification of its rebrand yesterday, Domino’s laid plain its new aesthetic direction, coined the term “cravemark,” and announced it would be bringing the focus back to its food, having (at least in its executive vice president’s words) become known as “a technology company that happens to sell pizza” over the last decade.

It can’t go any worse than Cracker Barrel’s refresh efforts, at least...

The raft of changes, which will roll out across the US and other international markets in the coming months, includes a new “audio and visual expression” of the brand’s name (throwing a few extra M’s on the boxes and getting country/hip-hop artist Shaboozey to elongate the letter in a jingle); brighter packaging and hotter colors; “more youthful” team uniforms (company-color Salomons and an apron with “pizza is brat” on it, maybe?); and a new “Domino’s Sans” font, which is “thicker and doughier” and has circles and semicircles “in nod [sic] to pizza, with personality baked right in.”

Domino’s is down about 2% so far this year.

Domino's® New Craveable Brand Refresh Makes You Say "Mmm" | Domino's Pizza

Domino’s is down about 2% so far this year.

Claire Yubin Oh3h

Ferrari sinks after unveiling first electric car; 2030 strategic plan and guidance underwhelms investors after halving its EV target

Ferrari is 14% in the red in premarket trading after unveiling its first electric car, while simultaneously scaling back its electrification plans to focus on its petrol and hybrid lineup until 2030.

In an event at its headquarters in northern Italy, the company lifted the hood on its new, production-ready “Elettrica” model, finally offering a glimpse into the iconic carmaker’s progress on its EV plan, which was announced back in 2022. The Elettrica is due to be delivered from late 2026, per the company’s 2030 strategic plan.

Still, as Ferrari CEO Benedetto Vigna was keen to emphasize, “The EV is an addition, not a transition,” suggesting that the new electric model will complement, not replace, the company’s existing lineup.

In the carmaker’s 2030 plan, released later in the day, Ferrari disclosed that it aims for a lineup made up of 40% internal combustion engine models, 40% hybrids, and 20% fully electric cars by 2030 — dialing down its 2022 ambitions for electrification, when the targets for EVs and ICE models were flipped.

Though Ferrari has ramped up its hybrid production since 2022, shipments have plateaued in recent quarters.

Ferrari hybrid vs petrol engine — Sherwood News

Max Knoblauch21h

After upsetting GOP senators, GM scraps its EV tax credit extension plan

Roughly a week after it was first reported, GM’s plan to extend the now expired $7,500 US federal EV tax credit to customers through a leasing program is no more.

Last week, Republican Senators Bernie Moreno (Ohio) and John Barrasso (Wyoming) wrote a letter to Treasury Secretary Scott Bessent urging him to change the IRS rule that they said allowed automakers to game the law that ended the tax credit, “bilking” taxpayers.

Automakers GM and Ford, which each saw juiced-up EV sales ahead of the tax credit’s expiration, sought to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

Exclusive: GM backtracks on plan to claim last-minute EV tax credits

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

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