Delta(US:DAL) Zhi Tong Cai Jing·2026-01-13 12:45Core Viewpoint - Delta Air Lines reported its Q4 2025 earnings, showing revenue of $16.003 billion, a 2.8% year-over-year increase, exceeding market expectations by $130 million. However, adjusted net income fell by 15.6% to $1.015 billion compared to the previous year, and the adjusted earnings per share of $1.55 met market expectations. The company's guidance for 2026 earnings per share was below expectations, leading to a pre-market stock drop of over 5% [1][2]. Group 1 - Delta Air Lines expects 2026 free cash flow to be between $3 billion and $4 billion, down from $4.6 billion in 2025, due to increased reinvestment in the business [2]. - The company emphasizes high-end products both in and out of the cabin to differentiate itself from low-cost carriers and attract high-net-worth travelers [2]. - Delta's focus on the high-end market has helped maintain its profitability goals for 2025, despite economic uncertainties affecting price-sensitive travelers [2]. Group 2 - Delta announced an order for 30 Boeing 787 Dreamliners, marking the first purchase of this model in its history, with deliveries expected to start in 2031 [3]. - This aircraft order reflects Delta's optimistic outlook on international travel demand, as airlines globally seek to update their long-haul fleets [3]. - Delta operates a diverse fleet, including nearly 60 older Boeing 767s and over 90 Boeing 757s, with an average age of 27 years [3].