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Delta Air Lines reports strong September 2025 financial results and positive outlook

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Delta Air Lines reports strong September 2025 financial results and positive outlook
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Ed Bastian, Chief Executive Officer | Delta Air Lines

Delta Air Lines has released its financial results for the September quarter of 2025, reporting an operating revenue of $16.7 billion and an operating income of $1.7 billion, which represents an operating margin of 10.1 percent. The company also reported a pre-tax income of $1.8 billion with a pre-tax margin of 10.7 percent and earnings per share of $2.17.

Delta’s operating cash flow for the quarter was $1.8 billion, while payments on debt and finance lease obligations totaled $459 million. At the end of the quarter, total debt and finance lease obligations stood at $14.9 billion.

Ed Bastian, Delta’s chief executive officer, commented on the results: “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. We delivered September quarter results at the top end of our expectations on a combination of strong execution and improving fundamentals.”

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Bastian added, "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 positioned to deliver top-line growth, margin expansion and earnings improvement consistent with our long-term financial framework."

The company’s outlook for the December quarter and full year 2025 remains positive as it approaches its centennial year-end.

Delta also included a statement regarding forward-looking information in its release. The company cautioned that statements about future estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies are considered “forward-looking statements” under U.S. securities laws and are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

Additional details on these risks can be found in Delta’s filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

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