Delta Air Lines announces December quarter and full year 2025 financial results

Delta Air Lines (NYSE: DAL) today reported financial results for the December quarter and full year 2025 and provided its outlook for the March quarter and full year 2026.  

Delta Air Lines (NYSE: DAL) today reported financial results for the December quarter and full year 2025 and provided its outlook for the March quarter and full year 2026.  

“The Delta team delivered a strong close to our Centennial year, demonstrating the differentiation and durability we’ve built,” said Delta CEO Ed Bastian. “Our industry-leading performance delivered for our customers and our employees, while creating value for our owners, consistent with our long-term financial framework. We generated $5 billion of pre-tax profit with a double-digit operating margin and record free cash flow of $4.6 billion, all while navigating a challenging environment. These results would not be possible without the exceptional efforts of our people, and I look forward to celebrating our team next month with $1.3 billion of well-earned profit sharing.”

“2026 is off to a strong start with top-line growth accelerating on consumer and corporate demand.  For the full year, we expect to deliver margin expansion and earnings growth of 20% year-over-year.”

December Quarter 2025 GAAP Financial Results

• Operating revenue of $16.0 billion
• Operating income of $1.5 billion with an operating margin of 9.2%
• Pre-tax income of $1.5 billion with a pre-tax margin of 9.5%
• Earnings per share of $1.86
• Operating cash flow of $2.3 billion

Full Year 2025 GAAP Financial Results

• Operating revenue of $63.4 billion
• Operating income of $5.8 billion with an operating margin of 9.2%
• Pre-tax income of $6.2 billion with a pre-tax margin of 9.8%
• Earnings per share of $7.66
• Operating cash flow of $8.3 billion
• Payments on debt and finance lease obligations of $4.8 billion
• Total debt and finance lease obligations of $14.1 billion at year end

Source: Delta Air Lines