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Delta Restores 2025 EPS Forecast After Strong Q2 Results

Delta credited stable bookings, growth in premium seating revenue, gains in its loyalty program for supporting its restored guidance.

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 second-quarter earnings per share of $2.10 on revenue of $15.5 billion, beating analyst estimates.
  • The carrier reinstated its full-year 2025 EPS guidance at $5.25 to $6.25 after withdrawing its forecast in April amid tariff uncertainty.
  • Bookings have stabilized and returned to year-ago levels following earlier declines linked to trade-related consumer hesitation.
  • Premium-class ticket revenue rose 5% and loyalty revenue climbed 8%, offsetting a 5% drop in main-cabin ticket sales.
  • Delta projected third-quarter adjusted EPS of $1.25 to $1.75 with revenue flat to up 4% and plans surgical capacity cuts alongside non-fuel cost controls.