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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 09, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.