US airline stocks jumped 9‑12% in pre‑market trading after oil prices fell over 14% following a US‑Iran ceasefire announcement.
Brent crude fell to $93.83, down 14.1%, while WTI dropped 15.34%, marking the lowest levels since March 25.
Delta reported stronger Q1 results but guided June‑quarter adjusted EPS $1.00‑$1.50, below analysts’ $1.40 estimate.
Delta cancelled Q2 capacity growth, trimming supply by about 3.5 percentage points, benefiting profitability as jet fuel costs fall.