Delta Air Lines posted record revenues on Thursday. Main cabin revenue fell 5%, but rose 5% for premium products as post-pandemic trends continue.

Delta Air Lines said on Thursday its bookings have stabilized after a sharp pullback in March and April, but are at a lower level than the company's estimates at the start of the year.

There were some rough skies for a couple months there, but Delta seems to think it has now punched through to the other side.

Delta topped Wall Street expectations for the quarter and reinstated full-year guidance. The company is feeling much more upbeat about the quarters to come than it was three months ago, propelling the stock higher.