Editor’s Note: The estimates for full-year 2026 EPS guidance has been corrected
Delta Air Lines, Inc. (NYSE:DAL) stock slipped Tuesday after the company reported financial results for the fourth quarter and full year 2025, as well as issued guidance for the March quarter and full year 2026, citing improving demand trends and continued cost discipline.
For the December quarter, Delta reported GAAP operating revenue of $16.003 billion, up 3% year over year, and GAAP diluted EPS of $1.86.
Delta Air Lines reported fourth-quarter adjusted earnings of $1.55 per share, exceeding the $1.53 Wall Street estimate, while revenue climbed to $16.003 billion, surpassing the $15.585 billion consensus forecast.
GAAP operating income totaled $1.5 billion with a 9.2% margin, compared with 11.0% a year earlier, while adjusted operating margin was 10.1%, compared with 12.0% a year earlier.
Passenger revenue rose 1% year over year to $12.916 billion, while cargo revenue declined 1% to $246 million, and other revenue increased 14% to $2.841 billion.
Available seat miles increased 1.3% to 72.9 billion, revenue passenger miles declined 1% to 59.9 billion, and passenger load factor was 82%, down from 84% a year earlier.
Total revenue per available seat mile was 21.94 cents, …