Delta Reports Record Revenue as Demand for Air Travel Stabilizes

Core Insights - Delta Air Lines reported record revenue for the June quarter and restored its full-year financial guidance as air travel demand stabilized [1][2] - The company expects earnings per share of $5.25 to $6.25 for fiscal year 2025 [2] Revenue Performance - Quarterly revenue increased by 1% year over year, with international business revenue up 2% and corporate travel demand remaining steady with low-single-digit sales gains [2][3] - Premium business revenue grew by 5% year over year, while loyalty revenue rose by 8% due to co-brand spend growth and card acquisitions [4] Future Outlook - For the September quarter, total revenue is expected to be flat to up 4% compared to the prior year, with unit revenue trends anticipated to improve in the second half of the year [5] - This outlook represents a shift from previous trends observed by Delta and other airlines [5] Previous Context - In the previous earnings report on April 9, Delta indicated that revenue growth for the March quarter was lower than expected and refrained from providing an updated full-year outlook due to macroeconomic uncertainty [6] - Other airlines, including American Airlines, Southwest Airlines, and United Airlines, also expressed concerns about the macroeconomic environment and adjusted their outlooks downward around the same time [7]