Overview

• On September 11, Delta President Glen Hauenstein told a Morgan Stanley event that transatlantic was the airline’s worst-performing entity in the third quarter.
• He said weakness was concentrated in the main cabin, while Delta One and other premium products continued to lead unit revenues.
• Delta highlighted a shift away from July–August peaks, with more family travel in June and stronger shoulder-month demand in September and October.
• The airline is rationalizing economy capacity and reported its highest post-pandemic corporate sales day and week in September, with sequential improvement expected in October.
• Despite softer main-cabin yields, total revenue beyond tickets continues to support profitability, as reflected in 2024 when TRASM exceeded CASM.