Delta Air Lines reported its financial results for the December quarter and full year 2025, in addition to providing its outlook for the March quarter and full year 2026.
December Quarter 2025 GAAP Financial Results
- Operating revenue totaled $16.0 billion.
- Operating income reached $1.5 billion, resulting in a 9.2% operating margin.
- Pre-tax income was $1.5 billion, with a 9.5% pre-tax margin.
- Earnings per share stood at $1.86.
- Operating cash flow generated $2.3 billion.
Full Year 2025 GAAP Financial Results
- Operating revenue amounted to $63.4 billion.
- Operating income was $5.8 billion, yielding a 9.2% operating margin.
- Pre-tax income reached $6.2 billion, with a 9.8% pre-tax margin.
- Earnings per share were $7.66.
- Operating cash flow totaled $8.3 billion.
- Payments on debt and finance lease obligations were $4.8 billion.
- Total debt and finance lease obligations at year-end stood at $14.1 billion.
2026 Outlook
For the full year 2026, Delta Air Lines anticipates margin expansion and earnings growth of 20% year-over-year. The company reported $5 billion of pre-tax profit and $4.6 billion in free cash flow for 2025, with $1.3 billion allocated for profit sharing.