Delta Air Lines (NYSE:DAL) stock soared in early trading after posting stronger-than-expected third-quarter earnings, driven by rising revenue and robust corporate travel, prompting the airline to lift its full-year profit outlook and signal continued momentum into the fourth quarter.

Goldman Sachs analyst Catherine O’Brien gave a positive review of Delta Air Lines’ third-quarter results, noting that the company’s adjusted EPS of $1.71 exceeded the FactSet consensus of $1.53 and Goldman Sachs’ estimate of $1.45.

This result was close to the high end of Delta’s initial guidance range of $1.25 to $1.75, which was confirmed in September. The earnings beat was largely driven by stronger-than-expected revenue, with unit revenue (RASM) rising by 0.3%, beating the analyst’s forecast of a 0.8% decline.

Related: ...