Delta Air Lines Reports Fourth Quarter 2025 Net Profit of $1.2 Billion or $1.86 per Diluted Share

Delta Air Lines has reported a fourth quarter 2025 net profit of $1.2 billion or $1.86 per diluted share on a year-over-year increase in revenue of 3.0 percent to $16.0 billion.

Delta Reports Fourth Quarter and Full Year 2025 Financial Results - Courtesy Delta Air Lines

On Tuesday (January 13, 2026), Delta Air Lines reported their fourth quarter and full year financial results for the period ending December 31, 2025.  The carrier reported a fourth quarter 2025 net profit of $1.2 billion or $1.86 per diluted share on a year-over-year increase in revenue of 3.0 percent to $16.0 billion.  Delta’s Q4 2025 total revenue per available seat mile (TRASM) 21.94 cents, up from 21.60 during the same period last year, while cost per available seat mile (CASM) was 19.93 cents, up from 19.22 cents during Q4 2024.  Costs excluding fuel (CASM-ex) increased year-over-year by 4.0 percent to 14.27 cents.  At December 31, 2025, Delta has total liquidity of $7.4 billion, including cash and cash equivalents, short-term investments and undrawn revolving credit facilities of $3.1 billion. 

In Tuesday’s announcement, Delta Air Lines’ CEO, Ed Bastian, said,

“The Delta team delivered a strong close to our Centennial year, demonstrating the differentiation and durability we’ve built.  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 percent year-over-year.”

Also commenting on the carrier’s 2025 results, Delta’s President, Glen Hauenstein, added,

“Delta generated record revenue of $58.3 billion while sustaining a unit revenue premium relative to the industry of nearly 115 percent.  High-margin, diversified revenue streams grew high-single digits over prior year and reached 60 percent of total revenue, reflecting the power of Delta's brand, growing demand for our premium products and the success of our integrated commercial and customer strategy.

“Since the start of this year, cash sales trends have accelerated on top of last year’s strong performance, with momentum across the booking curve and all geographies.  We expect March quarter revenue to grow 5 percent to 7 percent year-over-year, several points ahead of capacity growth.”

Delta Air Lines' Fourth Quarter and Full Year 2025 Financial Results - Courtesy Delta Air lines

For the full year 2025, Delta reported a net profit of $5.0 billion or $7.66 per diluted share on a year-over-year increase in revenue of 3.0 percent to $63.4 billion.  The airline’s fully year total revenue per available seat mile (TRASM) was 21.26 cents, down from 21.37 cents in FY2024, while cost per available seat mile (CASM) was 19.31 cents, up from 19.30 cents in the previous year.  Delta’s FY2025 costs excluding fuel (CASM-ex) increased year-over-year by 2.4 percent. 

As announced earlier today, Delta has reached an agreement with Boeing to purchase 30 787-10 widebody aircraft, with options for 30 more.  Deliveries of the aircraft are scheduled to begin in 2031.  In addition to improved fuel efficiency, these aircraft will deliver superior economics and extend Delta’s long-haul capabilities.  Delta also entered into an agreement with engine manufacturer GE Aerospace to service the GEnx engines selected for the aircraft. During Q4 2025, Delta took delivery of seven aircraft, bringing full year aircraft deliveries to 38, including A321neos, A220-300s and A350-900 aircraft.

Atlanta-based Delta Air Lines (NYSE: DAL) is the global U.S. airline leader in safety, innovation, reliability and customer experience.  The carrier operates over 4,000 daily flights across more than 290 destinations on six continents.  The airline operates significant hubs and key markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), São Paulo, Seattle, Seoul-Incheon and Tokyo.  For the last decade, Delta has led the industry in operational excellence, while maintaining their reputation for award-winning customer service.

Source: Delta Air Lines