Overview
- Delta set a conservative 2026 EPS range of $6.50–$7.50, citing macro uncertainty.
- Management reported record early-January bookings and guided first-quarter revenue up 5%–7% with EPS of $0.50–$0.90.
- The company generated $4.6 billion in free cash flow in 2025 and projects $3–$4 billion in 2026.
- Executives highlighted a stronger balance sheet with leverage reduced by more than 50% over three years.
- Analysts maintained bullish ratings as Delta builds premium revenue and expands its MRO business, including a 10-year UPS contract and a roughly 20% growth target.