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

Delta Air Lines said on Thursday its bookings have stabilized, prompting it to forecast a brighter profit outlook for coming quarters, even as pricing pressures continue to weigh on industry margins. Lisa Bernhard has more. Wimbledon Day 9: Sabalenka and Alcaraz through to the semis of Wimbledon

Delta Air Lines Inc.’s stock soared in morning trading Thursday after the air carrier topped Wall Street’s estimates for second-quarter profit and revenue and restored its full-year guidance.