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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.

Max Knoblauch

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%.

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Yum! Brands might have found a potential buyer for Pizza Hut

Yum! is in exclusive talks with private equity firm LongRange Capital about a sale, per reports.

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Costco’s gas stations are breaking records as drivers seek cheaper fuel

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The Trump administration is reportedly planning a 50% made-in-America requirement for USMCA tariff relief

Qualifying for USMCA-related lower tariffs may soon require more US-made vehicle components, according to reporting by The Wall Street Journal.

The Trump administration is reportedly planning to introduce a 50% US content requirement for vehicles covered by the trade pact to receive lower tariffs. The content would be measured by cost, according to the WSJ.

There currently isn’t any US-specific requirement for those lower tariff rates, but in order to receive preferential tariffs, vehicles are must contain at least 75% regional content (components made in North America). Per Reuters reporting, the Trump admin is seeking to raise the regional requirement to 82%.

These reported plans are subject to change as the US negotiates USMCA terms with Mexico over the next few months.

Overall, Tesla will likely have the easiest time qualifying for any stricter requirements. The automaker’s vehicles contained the highest amount of US/Canadian content in 2025, according to American University research. Ford, GM, and Stellantis all scored lower.

Notably: the underlying government data that many domestic content measurements rely on intentionally combines US and Canadian components, so it’s difficult to know exactly how much of any given vehicle is specifically US-made.

Exclusive | Trump Administration Wants Autos Under USMCA to Be at Least 50% Made in America

Exclusive | Trump Administration Wants Autos Under USMCA to Be at Least 50% Made in America

There currently isn’t any US-specific requirement for those lower tariff rates, but in order to receive preferential tariffs, vehicles are must contain at least 75% regional content (components made in North America). Per Reuters reporting, the Trump admin is seeking to raise the regional requirement to 82%.

These reported plans are subject to change as the US negotiates USMCA terms with Mexico over the next few months.

Overall, Tesla will likely have the easiest time qualifying for any stricter requirements. The automaker’s vehicles contained the highest amount of US/Canadian content in 2025, according to American University research. Ford, GM, and Stellantis all scored lower.

Notably: the underlying government data that many domestic content measurements rely on intentionally combines US and Canadian components, so it’s difficult to know exactly how much of any given vehicle is specifically US-made.

business
Tom Jones

The $640,000 Luce makes the average Ferrari look like a bargain

Put aside the shape; put aside the smoothing out of Ferrari’s iconic sharp edges; put aside, even, the calls from former Chairman and President Luca Cordero di Montezemolo to “take the Prancing Horse off.” On the grounds of price alone, Luce detractors might have a point.

By now, many of us will have read the criticisms of Ferrari’s first fully electric vehicle, as the Luce — which was unveiled to the world earlier this week and promptly saw the company’s shares crash out in New York and Milan — gets subtly shaded by competitors online and not-so-subtly shaded by basically everyone else.

What makes all of this worse for Ferrari is that, even by the luxury car maker’s notoriously high standards, they’ve slapped a pretty hefty price tag on the Luce, and the company’s CEO, Benedetto Vigna, has already been forced to defend the €550,000 ($640,000) price point, saying yesterday that it’s “fair to pay for innovation,” per Reuters.

While Ferrari’s cars have been getting more expensive of late, as recently as 2022, Ferrari’s average revenue per car sold was around $340,000. At nearly twice that price, this new electric model is obviously proving a little much (visually, conceptually, and financially) for many loyal and long-standing fans of the Prancing Horse to stomach.

Ferrari Luce cost chart
Sherwood News

Ferrari’s EV push is testing what makes a Ferrari a Ferrari

Ferrari’s EV push is testing what makes a Ferrari a Ferrari

By now, many of us will have read the criticisms of Ferrari’s first fully electric vehicle, as the Luce — which was unveiled to the world earlier this week and promptly saw the company’s shares crash out in New York and Milan — gets subtly shaded by competitors online and not-so-subtly shaded by basically everyone else.

What makes all of this worse for Ferrari is that, even by the luxury car maker’s notoriously high standards, they’ve slapped a pretty hefty price tag on the Luce, and the company’s CEO, Benedetto Vigna, has already been forced to defend the €550,000 ($640,000) price point, saying yesterday that it’s “fair to pay for innovation,” per Reuters.

While Ferrari’s cars have been getting more expensive of late, as recently as 2022, Ferrari’s average revenue per car sold was around $340,000. At nearly twice that price, this new electric model is obviously proving a little much (visually, conceptually, and financially) for many loyal and long-standing fans of the Prancing Horse to stomach.

Ferrari Luce cost chart
Sherwood News
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back in my day...
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Temu’s US web traffic quietly recovered from last year’s tariff blow

Temu’s parent company’s stock is still under pressure though, both this year and this morning.

Temu Package Stock Photos

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