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Delta Air Lines forecast a better-than-expected end to 2025 and a strong start to next year thanks to rising airfares and resilient luxury travel demand.

The airline on Thursday projected adjusted earnings of between $1.60 and $1.90 a share for the fourth quarter, compared with the $1.65 per share analysts polled by LSEG were expecting. Revenue in the last three months of the year will grow as much as 4%, Delta said, above the 1.7% Wall Street expects.

"Looking to 2026, Delta is well positioned to deliver top-line growth, margin expansion and earnings improvement consistent with our long-term financial framework," CEO Ed Bastian said in an earnings release.

Delta's outlook points to improved demand and less

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