Delta Air Lines posts $0.37 Q1 EPS, guides June quarter EPS to $1.70-$2.30
Delta reported March quarter 2025 GAAP net income of $240 million, or $0.37 per diluted share, up from $0.06 a year earlier, with operating revenue up 2% to $14.0 billion. The company guided June quarter operating margin of 11% to 14% and EPS of $1.70 to $2.30, and said it will not reaffirm full-year 2025 guidance and is reducing planned second-half capacity growth to flat year over year.
- March quarter GAAP operating income fell 7% to $569 million; adjusted EPS was $0.46 versus $0.45 a year earlier
- June quarter total revenue guided down 2% to up 2% year over year; June quarter profitability expected at $1.5 billion to $2 billion
- Full-year 2025 guidance not reaffirmed; update to come later in the year
- Gross leverage of 2.6x at quarter end; company expects to repay at least $3 billion of debt this year