Overview
- Delta forecast full-year 2026 adjusted EPS of $6.50 to $7.50 and Q1 revenue growth of 5% to 7%, below analyst estimates that pushed the stock lower and pressured peers.
- December-quarter adjusted EPS was $1.55 on adjusted revenue of $14.61 billion, and 2025 closed with $5 billion in pre-tax profit and a record $4.6 billion in free cash flow after shutdown and tariff headwinds.
- Management said virtually all near-term seat growth will be in premium cabins as Q4 premium ticket revenue rose 9% and main-cabin revenue fell 7%, reflecting stronger high-end demand.
- Remuneration from American Express co-branded cards rose about 11% to roughly $8.2 billion in 2025, underscoring loyalty income as a key earnings driver.
- Delta agreed to buy 30 Boeing 787-10s with options for 30 more for delivery starting in 2031, citing efficiency on transatlantic and South America routes and a push to diversify its long-haul fleet.