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15h ago

Delta Tops Second-Quarter Estimates and Reinstates Full-Year Outlook

Delta projects Q3 EPS of $1.25 to $1.75 with flat-to-4% revenue growth supported by strict cost controls

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 second-quarter adjusted EPS of $2.10 and revenue of $15.51 billion, both above Wall Street consensus.
  • Shares jumped about 8% in premarket trading after the carrier’s earnings beat and restoration of its guidance.
  • The airline reinstated its full-year adjusted EPS forecast at $5.25 to $6.25 per share, down from its January projection above $7.35.
  • For the third quarter, Delta expects adjusted EPS of $1.25 to $1.75 and revenue growth of 0% to 4%, reflecting stabilized bookings and planned capacity cuts after the summer peak.
  • Premium cabin sales rose 5% year-over-year and loyalty revenue from the American Express partnership grew 10% to $2 billion, while non-fuel operating costs are projected to be flat or down in Q3 to bolster margins.