Delta Air Lines, Inc.'s earnings call highlighted strong financial performance, dividend increase, and strategic investments in technology and international partnerships. Despite facing challenges such as main cabin revenue softness and operational disruptions from severe weather, the company demonstrated resilience and adaptability in a dynamic environment.

Company Guidance -

Q3 2025

During the Delta Air Lines, Inc. June Quarter 2025 Financial Results Conference Call, the company provided several key metrics and guidance for the future. Delta reported a pretax income of $1.8 billion, with earnings of $2.10 per share and an operating margin of 13.2%, consistent with their April guidance. The company generated $700 million of free cash flow during the quarter, bringing the year-to-date total to $2 billion. For the full year, Delta expects to achieve earnings per share of $5.25 to $6.25 and free cash flow between $3 to $4 billion, allowing them to pay down $3 billion of debt. The airline also announced a 25% increase in its quarterly dividend. Delta's diversified revenue streams, which constitute about 66% of its revenue, remained resilient, with premium revenue growing 5% and loyalty revenue increasing by 8%. The company is optimistic about the future, with plans to further segment its cabin products and leverage AI-enhanced pricing solutions. Despite a dynamic environment, Delta remains confident in its ability to achieve its long-term financial targets, focusing on investing in technology and maintaining its competitive advantage.

Record Pretax Income and Free Cash Flow

Delta reported a pretax income of $1.8 billion and generated $700 million of free cash flow during the quarter, bringing year-to-date free cash flow to $2 billion.

Increase in Dividend

Delta announced a 25% increase to its quarterly dividend, reflecting confidence in its business performance.

Strong Performance in Premium Products and Loyalty Programs

Premium revenue grew 5% over the prior year, and loyalty revenue grew 8%. The co-brand card with American Express saw consumer spend growth up double digits.

Technology and Network Investments

Delta is investing in technology with initiatives like Delta Concierge and AI-enhanced pricing solutions with Fetcher. Delta also strengthened its international network with new equity stakes in WestJet and Indigo.

Operational Reliability and Customer Satisfaction

Delta led network peers across key reliability and customer experience metrics, including on-time performance and net promoter score.

Delta Air Lines (DAL) Earnings, Revenues Date & History

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DAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 09, 2025	2025 (Q3)	1.49 / -	1.5	―	―	―
Jul 10, 2025	2025 (Q2)	2.06 / 2.10	2.36	-11.02% (-0.26)	―
Apr 09, 2025	2025 (Q1)	0.38 / 0.46	0.45	2.22% (+0.01)	―
Jan 10, 2025	2024 (Q4)	1.76 / 1.85	1.28	44.53% (+0.57)	―
Oct 10, 2024	2024 (Q3)	1.52 / 1.50	2.03	-26.11% (-0.53)
Jul 11, 2024	2024 (Q2)	2.37 / 2.36	2.68	-11.94% (-0.32)
Apr 10, 2024	2024 (Q1)	0.37 / 0.45	0.25	80.00% (+0.20)
Jan 12, 2024	2023 (Q4)	1.17 / 1.28	1.48	-13.51% (-0.20)
Oct 12, 2023	2023 (Q3)	1.95 / 2.03	1.51	34.44% (+0.52)
Jul 13, 2023	2023 (Q2)	2.40 / 2.68	1.44	86.11% (+1.24)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 10, 2025	$50.52	$56.58	+12.00%
Apr 09, 2025	$35.65	$43.98	+23.37%
Jan 10, 2025	$60.88	$66.36	+9.00%
Oct 10, 2024	$50.38	$49.84	-1.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.