US airline stocks jumped 9‑12% in pre‑market trading after oil prices fell over 14% following a US‑Iran ceasefire announcement.
Delta Air Lines posted stronger Q1 results but cut its June‑quarter earnings guide to $1.00‑$1.50 per share, below expectations.
Delta also scrapped all Q2 capacity growth, trimming scheduled supply by about 3.5 percentage points, easing cost pressure.
President Trump announced a two‑week conditional ceasefire with Iran, prompting Brent crude to drop to $93.83, a 14.1% fall.