JetBlue Airways Corporation ( JBLU ) , United Airlines Holdings, Inc. ( UAL ) and American Airlines Group, Inc. ( AAL ) shares are trading on Friday. Here’s what you need to know.

What To Know: Shares of airline companies are moving higher in sympathy with Delta Air Lines, Inc. ( DAL ) after the company posted strong 2024 fiscal-year fourth-quarter earnings.

Delta reported adjusted earnings per share of $1.85, beating analyst estimates of $1.76. In addition, the company reported sales of $14.37 billion, beating analyst estimates of $14.21 billion.

Total passenger revenue grew 5% year over year to $12.81 billion, while cargo revenue rose 32% to $249 million.

The airline reported that has of the end of the fourth quarter it has $16.2 billion in total debt and lease obligations.

The company posted guidance for the 2025 fiscal-year first-quarter. Delta expects revenue growth between 7% and 9% as well earnings per share between 70 cents and $1.00, versus analyst estimates of 83 cents. Delta anticipates 2025 fiscal-year earnings per share of at least $7.35, reflecting over 10% year-over-year growth.

The positive market reaction reflects possible expectations from investors that Delta’s success could indicate a wider industry rebound or improved performance for airlines, especially as the sector continues to recover from the pandemic.

See Also: (AMC) – Analyzing AMC Enter Hldgs’s Short Interest

Price Action: At the time of writing, JetBlue ( JBLU ) stock is trading 3.18% higher at $7.94, United shares are trading 6.72% higher at $110.69, American shares are trading 4.09% higher at $18.30 and Delta stock is trading 11.0% higher at $68.20.

Image: via Shutterstock