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Q3 2025 Earnings β Results of Operations
Filed October 9, 2025
Record September quarter revenue of $15.2 billion (up 4.1% YoY) powered by double-digit growth in premium, loyalty, and corporate channels, with the airline guiding to full-year adjusted EPS of ~$6 and $3.5β$4 billion in free cash flow. Accelerating sales trends across all geographies, a rebounding corporate travel segment (up 8% YoY), and falling fuel costs position Delta for continued margin expansion heading into 2026.
Filing Items
Item 2.02 β Results of Operations
The company is reporting its quarterly or annual financial results. This is the filing that accompanies an earnings call.
Item 9.01 β Financial Statements
Financial statements and exhibits are attached to this filing. Usually accompanies other items rather than standing alone.
Extracted Milestones (10)
Maeve Aerospace Named as Fifth Sustainable Skies Lab Hybrid-Electric Fleet Partner
Delta announced a new partnership with Maeve Aerospace as its fifth Sustainable Skies Lab revolutionary fleet partner, focused on advancing hybrid-electric regional aircraft development.
First Commercial-Scale SAF Uplift Completed at Portland International Airport
In collaboration with Shell and Portland International Airport, Delta completed the first commercial-scale sustainable aviation fuel uplift into the PDX fuel system.
1,000th Free Wi-Fi-Enabled Aircraft Enters Service
In December 2025, Delta celebrated the milestone of its 1,000th free Wi-Fi-enabled aircraft entering service, expanding fast and free Wi-Fi availability for all customers through a free SkyMiles account.
Delta Launches Daily Los AngelesβHong Kong A350-900 Service Starting June 2026
Delta will launch a new daily nonstop route between Los Angeles and Hong Kong beginning June 6, 2026, operated by the A350-900, reopening a market that will see three carriers for the first time in six years.
Austin Network Expansion Announced for Late 2025 and First Half 2026
Delta announced new and expanded service in Austin beginning late 2025 and into 1H 2026, serving nearly 30 destinations as part of a strategic growth push in the city.
Advanced Meal Selection Expanded to Delta Comfort+ on Select International Flights
Delta expanded its advanced meal selection option to Delta Comfort+ customers on select international flights, extending a previously premium-cabin feature to its premium economy product.
SHOWCASE Corporate Travel Digital Platform Unveiled, Rolling Out Late 2025
Delta unveiled SHOWCASE, a new digital experience for managed corporate travel that will replace the current Delta Professional site, with rollout to corporate accounts beginning later in 2025.
New JFK Routes to Sardinia and Malta Announced for Summer 2026
Delta announced two new island destinations from New York-JFK β Sardinia and Malta β launching summer 2026, chosen through a SkyMiles Member and employee vote.
YouTube Partnership Launched for Delta In-Flight Entertainment
Delta launched YouTube as a new in-flight entertainment partner, bringing ad-free content access to customers via seatback screens and personal devices.
Transatlantic Network Expansion Announced for May 2026 (Boston-Madrid, Boston-Nice, JFK-Porto, Seattle-Barcelona, Seattle-Rome)
Delta formally announced multiple new transatlantic routes launching May 2026, including first-ever U.S. nonstop service from JFK to Porto, new Boston routes to Madrid and Nice, and new Seattle routes to Barcelona and Rome.