Delta reports FY 2025 operating income of USD 5.8 billion, down 3%

Delta Air Lines reported full year (FY) 2025 operating income of USD 5.8 billion, a decrease of 3%. Total revenue, adjusted, increased 2.3% to USD 58.3 billion in FY 2025. The company’s liquidity at December 31, 2025 stood at USD 7.4 billion. Non-fuel unit costs (CASM-Ex) rose 2.4% to 13.86 cents. Total operating expense increased 3% in FY 2025, driven primarily by higher employee costs from increased wages, expenses associated with a 3% increase in capacity, and additional investments in customer experience. Operating activities generated USD 8.3 billion in cash, primarily from ticket sales and the sale of SkyMiles to partners. Remuneration from American Express related to the SkyMiles program reached USD 8.2 billion, up 11%. Delta cited continued strength in demand for premium products, particularly from corporate customers, growth in loyalty travel awards, increased refinery sales to third parties, and expansion of its Delta TechOps third-party maintenance, repair and overhaul business as key business highlights. The company also noted a positive non-operating result of USD 363 million in FY 2025, compared to a non-operating expense in the previous year, mainly due to mark-to-market gains on equity investments. Additionally, Delta highlighted that revenue in 2025 benefited from the prior year’s Crowdstrike-caused outage, which had resulted in a direct revenue impact of approximately USD 380 million due to about 7,000 flight cancellations over five days in 2024.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Delta Air Lines Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000027904-26-000013), on February 11, 2026, and is solely responsible for the information contained therein.