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Delta leads the airline sector higher after earnings, oil price decline (DAL:NYSE)
Delta Air Lines (DAL) stock rose in premarket trading after the company reported strong first-quarter results, with revenue up 12.9% year-over-year to $15.9 billion, surpassing analyst estimates. The airline also saw healthy unit revenue improvement across all geographies, including a positive inflection in its main cabin. The overall airline sector is benefiting from Delta’s positive earnings report and a decline in oil prices.