Delta Air Lines Q3 revenue hits record $15.2B; adjusted EPS $1.71, up 14%
Delta reported September quarter 2025 results, with adjusted revenue of $15.2 billion, up 4.1% from a year earlier, and adjusted diluted EPS of $1.71, up 14%. The company expects full-year adjusted EPS of approximately $6, in the upper half of its July guidance, and December quarter adjusted EPS of $1.60 to $1.90.
- Adjusted operating income of $1.7 billion and adjusted operating margin of 11.2%, versus 9.4% a year earlier
- GAAP diluted EPS of $2.17, up from $1.97; GAAP net income of $1.4 billion
- December quarter outlook: total revenue growth of 2% to 4%, operating margin of 10.5% to 12%, adjusted EPS of $1.60 to $1.90
- Full-year free cash flow outlook of $3.5 billion to $4 billion; gross leverage of 2.4x at quarter end