Delta Air Lines reported strong revenue growth and operational performance, with significant achievements in premium and loyalty segments. However, the company faces challenges due to macroeconomic uncertainties and demand softness in the domestic market, particularly in the Main Cabin. While international revenue shows resilience, the uncertain economic environment and flat pre-tax earnings present concerns.

Company Guidance

During Delta Air Lines' March Quarter 2025 Conference Call, CEO Ed Bastian discussed the company's financial performance and strategic direction. Delta reported pre-tax earnings of $382 million, or $0.46 per share, on revenue that was 3.3% higher than the previous year, marking a record for the March quarter. The operating margin stood at approximately 5%, and the company generated $1.3 billion in free cash flow. Despite a challenging macro environment, particularly in the domestic Main Cabin segment, Delta's international and premium segments showed resilience. The company plans to maintain flat capacity growth in the second half of the year and expects double-digit operating margins with pre-tax income between $1.5 billion and $2 billion for the June quarter. Although Delta is not providing a full-year outlook due to economic uncertainty, it anticipates strong profitability and cash flow in 2025.

Record Revenue Achievement

Delta Air Lines reported a 3.3% increase in revenue compared to the previous year, setting a new record for the March quarter.

Strong Free Cash Flow

The company delivered free cash flow of $1.3 billion and achieved a double-digit return on invested capital.

Operational Excellence

Delta reported leading on-time performance and system completion factor among network peers.

Recognition and Profit Sharing

Delta celebrated a $1.4 billion profit-sharing payout to employees and was recognized by Fortune Magazine as the #15 company on their list of the 100 best companies to work for.

Premium and Loyalty Segment Growth

Premium and loyalty revenue were both up approximately 7% year-over-year, with remuneration from American Express growing 13% to $2 billion.

Geographic Revenue Growth

International revenue grew by 7%, with strong performances in Pacific (16% increase) and Transatlantic (5% increase) regions.

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

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CH:DAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 10, 2025	2025 (Q2)	1.64 / -	1.941	―	―	―
Apr 09, 2025	2025 (Q1)	0.31 / 0.38	0.37	2.22% (<+0.01)	―
Jan 10, 2025	2024 (Q4)	1.45 / 1.52	1.053	44.53% (+0.47)	―
Oct 10, 2024	2024 (Q3)	1.25 / 1.23	1.67	-26.11% (-0.44)
Jul 11, 2024	2024 (Q2)	1.95 / 1.94	2.204	-11.94% (-0.26)
Apr 10, 2024	2024 (Q1)	0.30 / 0.37	0.206	80.00% (+0.16)
Jan 12, 2024	2023 (Q4)	0.96 / 1.05	1.217	-13.51% (-0.16)
Oct 12, 2023	2023 (Q3)	1.61 / 1.67	1.242	34.44% (+0.43)
Jul 13, 2023	2023 (Q2)	1.97 / 2.20	1.184	86.11% (+1.02)	―
Apr 13, 2023	2023 (Q1)	0.24 / 0.21	-1.012	120.33% (+1.22)	―

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

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CH:DAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 09, 2025	CHF59.62	CHF59.62	0.00%
Jan 10, 2025	CHF59.49	CHF59.49	0.00%
Oct 10, 2024	CHF59.36	CHF59.49	+0.22%
Jul 11, 2024	CHF59.23	CHF59.23	0.00%

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.

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