Delta Air Lines, Inc.
DAL Industrials Airlines
Delta Air Lines, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $63.4 billion, up 2.79% from fiscal 2024.
- Revenue
- +21.1%
- EPS
- −47.3%
- Free cash flow
- −56.4%
- Total debt
- −13.6%
Quarter to September 2026, against a year earlier
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Delta Air Lines, Inc. 10-Q filed Oct 9, 2026
Red flags
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Inventory outpacing revenue
Inventory grew 70.9% while revenue grew 21.1% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 10, 2026: 3 added · 2 removed · 28 modified; 38 with only figures updated; 1 moved without change
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Modified · September 2026 Quarter Financial Highlights
Revenue. Compared to the
JuneSeptember 2025 quarter, our total revenue increased $3.13.5 billion. Passenger revenue increased $1.72.0 billion compared to theJuneSeptember 2025 quarter onhigher pricing in response to the rapid increase in fuel costs andbroad based demand strength across premium, main,corporateand loyalty. In addition, the increase in total revenue was driven by higher refinery sales to third parties and growth in our cargo and MRO businesses. Total revenue, adjusted (a non-GAAP financial measure, which excludes revenue related to refinery sales to third parties) increased in theJuneSeptember 2026 quarter by $2.22.4 billion, or1416%, compared to theJuneSeptember 2025 quarter.