Delta Air Lines, Inc.(NYSE:DAL) shares are trading higher by 6.09% to $51.72 during Thursday's session following news thatSouthwest Airlines Co(NYSE:LUV) introduced a new $2.5 billion share repurchase program.

What To Know:Southwest's repurchase plan, alongside its enhanced growth projections and cost-saving initiatives, signals broader optimism for the airline industry's recovery and profitability. Delta, as one of the leading carriers in the U.S., could see increased investor interest as competitors like Southwest aim for financial efficiency and stronger earnings growth.

Southwest's expectation of delivering $4 billion in incremental EBIT by 2027 and achieving a 15% or...