Delta Air Lines’ strong second-quarter earnings report and the reinstatement of its annual forecast ensured the shares of the company and its peers were among the top S&P 500 gainers on Thursday. The company’s rival,

Delta Air Lines released their latest earnings report Thursday, saying that the results so far for the quarter were in line with expectations from April.

After withdrawing its outlook in April, Delta is again forecasting a profit—though at a significantly lower level than originally projected.

Delta Air Lines is scheduled to release its second-quarter results Thursday, setting the tone for other carriers like United, Southwest, and American, each set to report later this month.

Delta Air Lines' strong earnings and projected growth provided an early boom for the airline industry as the rest of the major carriers prepare to report.

Delta Air Lines said on Thursday its bookings have stabilized, prompting it to forecast a brighter profit outlook for coming quarters, even as

Analysts expect that airlines will have a tepid earnings season as tariff uncertainty and declining U.S. dollar weigh on the industry.

Delta Air Lines' stock has gained nearly 3% over the past week ahead of the company’s earnings before the bell on Thursday. According to Fiscal.ai data, Wall Street expects the company to post second-quarter earnings per share (EPS) of $2.