Delta Air Lines has reported strong financial results for the September quarter of 2025, supported by solid operational performance and improving fundamentals. The airline also provided a positive outlook for the December quarter and the full year, citing continued momentum and a clear path towards sustainable growth.
“Delta’s competitive advantages and differentiation have never been more evident, and thanks to the hard work of our people, we continue to elevate the customer experience and extend our industry leadership,” said Ed Bastian, Delta’s Chief Executive Officer. “We delivered September quarter results at the top end of our expectations on a combination of strong execution and improving fundamentals. Momentum is continuing into the final stretch of our Centennial year, positioning us to deliver strong December quarter earnings. Looking to 2026, Delta is well placed to achieve top-line growth, margin expansion and earnings improvement consistent with our long-term financial framework.”
For the September quarter, Delta reported GAAP operating revenue of US$16.7 billion and operating income of US$1.7 billion, representing an operating margin of 10.1 per cent. Pre-tax income totalled US$1.8 billion, with a pre-tax margin of 10.7 per cent, and earnings per share reached US$2.17. Operating cash flow stood at US$1.8 billion, while payments towards debt and finance lease obligations amounted to US$459 million. At quarter end, total debt and finance lease obligations were US$14.9 billion.
On a non-GAAP basis, operating revenue was US$15.2 billion, with operating income of US$1.7 billion and an operating margin of 11.2 per cent. Pre-tax income came to US$1.5 billion, giving a pre-tax margin of 9.8 per cent, and earnings per share were US$1.71. Operating cash flow remained steady at US$1.8 billion.
With continued demand, disciplined cost management and strong execution, Delta remains confident in delivering another profitable year and entering 2026 in a position of strength.
