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 Air Lines Inc. (DAL) is reportedly cannibalizing its Airbus SE (EADSY) jets in Europe for engines to fit them onto its grounded aircraft in the U.S. According to a Bloomberg report, Delta Air Lines is stripping its European aircraft to overcome a shortage of engines as well as uncertainty resulting from President Donald Trump’s tariffs.

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.

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 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.

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.