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Delta Air Lines Beats Q2 Estimates and Restores 2025 Forecast

Delta credits surgical flight cuts after peak summer travel for improved pricing power

A Delta Air Lines Boeing 737-800 plane sits at the gate at LAX airport in Los Angeles, California, U.S., April 1, 2018. REUTERS/Lucy Nicholson/File Photo
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Delta Airplanes on the tarmac at JFK International Airport in New York on February 2025. Svetlana Dali, evaded layers of security to board a flight to France without a ticket or passport in November and on Thursday, May 22, she was convicted in Brooklyn federal court of being a stowaway. (Katherine and Mariel Tyler/The New York Times)

Overview

  • Delta reported adjusted Q2 EPS of $2.10 on flat year-over-year revenue of $16.65 billion, topping analyst forecasts.
  • The carrier reinstated its full-year 2025 adjusted EPS guidance at $5.25 to $6.25, down from January’s projection above $7.35.
  • For Q3, Delta projects adjusted EPS of $1.25 to $1.75 and revenue growth between 0% and 4%.
  • CEO Ed Bastian said stabilized bookings remain below initial expectations as travelers hold off planning until closer to departure dates.
  • Delta plans targeted flight cuts after mid-August and strict cost controls while gains in premium cabin and international revenue support margins.