Q3 earnings call
 

10/9 10am ET

https://ir.delta.com/news/news-detai...s/default.aspx

September 25, 2025 DAL declared a quarterly dividend of $0.1875 per share which was in line with Q2 but below forecast at $0.20 but more than Q3 2024 at $0.15.

Tomorrow... https://www.investopedia.com/delta-k...h-for-11826051

Why is the audio on our earnings call so bad? This is just embarrassing. They should've had Ludacris come in and set up the levels instead of playing the Bash that's doing nothing for the majority of employees that don't live in ATL.

I bet one of those "influencer" losers we've got flying around could get them set up with a decent microphone.

Rosy call. Q4 looks good bookings and premium up sooner than anticipated. Profit sharing accrual through Q3 roughly the same as last year...$986M through 3 quarters compared to $964M in 2024.

https://www.sec.gov/Archives/edgar/d...ouncessept.htm

Very nice job, gents

PFM!!! I can't fathom how they managed this. Just 6 months ago the APC prognosticators, after "Liberation Day", ensured us that nobody wanted to fly international, we were going to retire aircraft early due to the decimation of demand because everybody hated America. Furloughs were imminent and this was but the 1st "black swan" that the 2 year captains were going to have to endure.

Everybody has a perspective.....sometimes they are right and sometimes ....well.... not so much.

from another thread...https://www.thetimes.com/uk/science/...-age-fb58z2mr2

everything is fine, guys. this is a healthy economy

TATL is down and losing money currently. The rest of the ops is making up for it.

That's not what he said, nor implied.

Remind me in 5 years after Artificial Intelligence has replaced the first 10-20 million blue collar jobs in the US and the widening of the wealth gap begins to take off. =)

Take out AI Capex and tell me how it looks.

In case anyone missed it, this was HEAVY sarcasm

but now i can’t rub your nose in it

Last year's numbers included the Crowdstrike meltdown, though

Blue collar jobs? They're coming for ALL jobs including ours. There's going to be the investment class and everyone else.

Dey took 'er jerbs!! Durka der

https://i.pinimg.com/736x/17/34/6f/1...b2bc71286e.jpg

Airlines from other countries have reported substantial downward trends in bookings to/from the USA (particularly Canadian airlines which have slashed tons of flights). US citizens tend to fly mostly on U.S. airlines, and vice versa for other countries and their airlines, so it presumably hasn’t hit us as hard. Over the long term, however, substantial hits to US reputation abroad will have other impacts.

So how should I play these substantial hits to the industry and the substantial hits to the US reputation.....short DAL or buy puts? What is your learned opinion? Do you recommend I take money out of SOXL, AMUU, NVDU, SCMX, TNA....and short DAL? I put these leveraged ETF's up for consideration after liberation day. I was told the fees were too high due to the leverage and high expense ratio.

By the way....those ETF's I mentioned above(and previously) have, for the most part, a bear side where you can invest in your "sky is falling" beliefs.

“play” it however you want. most of us recognize that timing a market is a fool’s errand, even if you can see the macro view of a decaying empire


definitely bet on continued nvidia price growth, though.

Man, when I'm in my late 60s I hope I'm happier than you. Go outside!!!

You honestly think the opposite is true? That economically things aren't fine, and the economy is sick?

Upon what (non partisan) data are you basing the sarcasm?

So, probably about 10%?
Assuming we still have jobs after AI, international travel stops, alien invasion, and apocalypse?

literally any metric besides equity prices.

How is leveling the global tariff playing field, calling out European hypocrisy in buying Russian oil while claiming to support Ukraine, forcing Europe to pay their fair share for defence, no longer tolerating open borders, exposing the climate change hysteria for what it is and now -- a peace deal in the Middle East -- "hitting our reputation abroad?"

Idk dude, I work here and I don't know what the hell you're talking about. Is it the poster of the gay couple in the jet bridge that got you triggered?

You serious, Clark?

Inflation is way down to under 3% from a high of 8%, unemployment is almost down to 4% (which is considered 'full employment'), new investment pledges (yes, only pledges) in the US is in the tens of Trillions, Interest rates are coming down to a more reasonable level (after choking the economy), consumer confidence is strong. Despite some chicken littles around here, Tarrifs have not crashed the economy, nor have we parked airplanes or furloughed anyone here.

As a company, DL currently has over half the industry's profits, was on the high side of forward guidance today, is looking to grow at a solid 3-4%, and Profit Sharing is on par with last year (and in total dollar amount, will almost reach 2019 levels). Ed was very bullish in today's Town Hall.

And yes, equity markets are NOT the economy (nor were they in the last admin), but they are at all time highs right now...

I'm not saying it is nothing but roses, but to sarcastically scoff the economy as not being in sold shape is way off base, or looking through the world through brown colored classes. Or something. Please, point me to some actual data (not doom and gloom predictions) supporting this claim. Because I don't see it.

To others wanting to reply, keep this stuff factual and non partisan.

I didn't make the claim. Just pointing out the obvious sarcasm in his post based on what he's said in the past.

Opinions of the United States in other countries are at a low. There used to be two exceptions - Israel and South Korea - and now Israel is the lone exception after the Georgia factory debacle (though opinions of the U.S. are still positive in Korea). My comment was not supposed to be political, but really, do you think forcing Europeans to pay more is popular there? Do you think increased detentions of foreigners by CBP is popular among foreign tourists? Do you think “exposing climate change hysteria” is popular abroad where climate change is essentially universally accepted? Do you think “leveling the playing field” with other countries is popular in other countries? The Middle East peace deal will likely be popular abroad, and maybe lessen the reputational damage already dealt.

I will not get into the politics of whether these are good policies or bad policies. That does not belong here. But look at it from *their* point of view, and you could probably see why they don’t like it!

Everything is probably going to be fine, because it always is, but there are worrying signs.

Inflation is ticking higher, the dollar has lost a significant amount of value this year, unemployment is steadily increasing, hiring has slowed to a crawl, diplomatic relations are worse than I have ever seen (global sentiment is that the US is an absolute joke now), tourism to the US is down, crony capitalism is rampant, socialism is starting to creep in (trumprx.com, subsidies to farmers, public investment in private companies like Nvidia), agricultural exports are at an all time low, and I know you don't think tariffs are inflationary or reduce GDP, but it's pretty much an undisputed fact amongst economists. Tariffs are sticky too and the damage is long term.

Now will Delta be able to navigate all this and remain profitable? Probably. But there are definitely headwinds and VCTS.

All I knows is that I rather be at DAL or UAL than AA/SW/Jetblue/Frontier/Spirit.

As delta is going back to cater the business and premium travelers, I think we might be ok.

So nothing has changed the last decade? What are you doing with your money? I made all these same points early in the Biden administration and people asked me what I was doing with my money. I told them I was going hard into gold. So I ask you, if you believe what you wrote then what are you doing with your money?

Consumer confidence is actually pretty low.



Not everything is rosy. Tariffs still have not come into full effect. Consumer prices are still high, wages are still pretty level.

Tech stocks are driving the markets. And that’s on the back of AI. When the AI bubble bursts so do the tech stocks and so does the market.

If/when the AI bubble bursts we have lost the robot wars and are already dead.

Who cares?

Haven’t we had enough pandering to foreign countries who just laugh at us and take advantage of us?

Yes, famous victim of foreign bullying, the United States lol

bingo. The current pres is mopping up the pandering to China that the nice old man gave away. China has been ripping us off economically, technologically, and militarily. it ends now.

nothing to see here with China. it’s all
in our heads.

You can think that we have to be tougher with China AND not economically declare WWIII on everyone else, all at the same time.

An aside: If we’re gonna wage an economic war against China, I don’t want to bail out a bunch of soybean farmers with my tax dollars who can’t sell their soybeans anymore because China decided to buy them from South America.

Farm subsidies need to stop anyway. Most of them are large corporate farms now and we are propping up failed uses like ethanol that are not economically viable without the subsidy.

Well we could've been also investing in infrastructure here but big guhbment bad.