Delta said adjusted total revenue for the September 2025 quarter increased 4.1% year-over-year to a record $15.2 billion ($15,197 million) as of the September quarter. The company cited a 2.6-point benefit from lapping last year's CrowdStrike-caused outage on total revenue growth.

1. 01

   Delta said adjusted total revenue for the September 2025 quarter increased 4.1% year-over-year to a record $15.2 billion ($15,197 million) as of the September quarter. The company cited a 2.6-point benefit from lapping last year's CrowdStrike-caused outage on total revenue growth.

2. 02

   Delta reported that GAAP operating income for the September 2025 quarter was $1,684 million, up 21% from $1,397 million in the prior-year quarter, with an operating margin of 10.1% and diluted earnings per share of $2.17.

3. 03

   The company said adjusted operating cash flow for the September 2025 quarter was $1.8 billion, and with gross capital expenditures of $1.1 billion, free cash flow was $833 million. Total debt and finance lease obligations at quarter-end were $14.9 billion.

4. 04

   Delta provided guidance for the December quarter of an operating margin of 10.5% to 12% and adjusted EPS of $1.60 to $1.90. For the full year, the company guided to adjusted EPS of approximately $6 and free cash flow of $3.5 to $4 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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