This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: What we're watching What we're reading Economic data releases and earnings It pays to go premium. That's the clearest lesson from Delta's (DAL) strong performance this quarter, which came with the remarkable but not surprising forecast that most of its business will come from corporate and premium seats, overtaking economy fares, by 2027. Nobody needs to wait that long to figure o ...

Even amid the government shutdown, American skies are looking clear — at least where Delta is concerned. On Thursday, the carrier kicked off airline earnings season with record revenue, healthy profit margins, and a stock jump to match. Shares rose over 6% ahead of the market open after Delta posted adjusted earnings of $1.71 a share on $15.2 billion in revenue, both up from a year ago, and signaled it will deliver a smooth landing for 2025 . The strong numbers arrive as the federal shutdown enters its n ...

文章核心观点 - 特朗普贸易战短期内对航空公司有负面影响，但达美航空等股票长期仍具吸引力，关键在于其“韧性” [1] 行业特点 - 航空业是周期性业务，经济繁荣时旅客和企业购票意愿高，经济放缓时则减少 [2] - 过去行业易受需求变化影响，如今更有纪律性，能应对需求下降和产能过剩 [2][3] - 行业对需求变化的财务敏感度降低，能灵活应对供应端变化 [4] 公司应对措施 - 达美航空和美联航因关税不确定性和贸易战导致的旅行放缓，削减2025年运力增长计划 [3] - 达美航空和美联航拓展收入来源，不再局限于主舱航班选项 [5] 公司业绩表现 - 达美航空第一季度主舱客运收入同比下降1%至54亿美元，高端产品收入增长7%至47亿美元，忠诚度相关收入增长11%至9.4亿美元 [5] 公司前景 - 达美航空展现出韧性和适应性，可降低下行风险，其估值显示股票有长期上涨空间 [7]