Delta Beats Estimates as Airline Stocks Surge 12%

U.S. airline shares jumped 10‑13% after oil fell >17% following US‑Iran ceasefire and Hormuz reopening.
United Airlines rose ~14%, American 11%, Delta 10.6%, JetBlue 12.5%, Southwest 13%, Frontier 12.2%.
WTI crude slid to about $93.60 per barrel, down over 17% on ceasefire news.
Delta posted Q1 EPS $0.64 vs $0.61 estimate, revenue $14.2bn vs $13.97bn, operating income $652m, margin 4.6%.