Originally Posted by khergan

Thanks Friendly.

Aren't we also buying all these new planes for cash? I saw that somewhere that we've spent $4.4BN so far this year in cash for aircraft.

If that's the case that's a huge deal with how many brand new airplanes we have on the ramp.

Originally Posted by khergan

Can someone explain to a dumb dumb where we fell short in earnings?

Revenue was identical to DAL at 15.2 BN for the quarter.. what gives?

Originally Posted by T773ER

Really wasnt that great of a quarter which is why the stock actually traded down on the news. While beating on the bottom line UA missed on top line revenue. The reall kicker was the decrease in PRASM across the board, unit revenue in the domestic market actualy decreased yoy while Delta saw a 2% increase. Granted UA did add 6.6% of capacity vs DLs of 4%. Overall unit passenger revenue declined 3.3% for domestic and 7.1% for international. Those kinds of unit revenue declines are not sustainable and will only lead further to DLs margin advantage (which we actually saw expand this quarter). What that practically means is that DL is making more revenue and profit on less flying than UA. I will be curious to see what management says about these decreasing PRASM numbers and any potential capacity adjustments.

Originally Posted by FriendlyPilot

Highlights:

-Capacity up 7.2% YoY
-Total operating revenue of $15.2 billion, up 2.6% compared to third-quarter 2024.
-CASM down (2.8%), and CASM-ex down (0.9%), compared to third-quarter 2024; 1 point of expense moved from third-quarter 2025 to fourth-quarter 2025 primarily driven by maintenance and a reduction of 1 point of labor expense due to the timing of certain union contracts.
-Net income of $0.9 billion; adjusted net income of $0.9 billion.
-Ending available liquidity of $16.3 billion.
-Total debt is $3B less than same time last year
-Raised profit forecast for Q4
-Spent $1.7B on new aircraft purchases in Q3 ($4.4B YTD for aircraft purchases)

Pretty strong results overall.

Originally Posted by Ripinpeace

Delta is making 60% of industry profit this quarter with United at 40% due to Delta making ~50% more Q3.
3Q25 Net Income - DL: $1,417M UA: $949M. Delta did a great job, United did half of great.

Delta improved yields in Q3 by 4% while United’s dropped 2% both having capacity increases by 4% and 6.6% respectively. This is either indicating United’s recent adds are low yielding across the board both domestically and internationally (especially domestically) and that United’s growth rate is not sustainable due to diluting yields. United did beat their forecast, but not anywhere near the margin Delta beat theirs.

UA: -7.3% in Europe, -13.5% in Latin America, -6.2% Atlantic yields.

Non-Union is a positive metric while UA FA’s are counting to be raked over the coals while DL FA’s got 4 raises since last contract. Delta Global Scope of 23’ prevents Delta from ever outsourcing anymore Int’l. flying without increasing 1:1 block hours (more HV flying = more DL-metal). Velvet just happened past two days. Delta’s main focus will be intl. expansion and a big WB order between 787 or more 350/330’s by EOY + the existing 40 WB AB orders. New Int’l. routes TBA before EOY with Riyadh, Delhi, and Singapore being the frontrunners. Hiring now attrition + 3-4% growth Peace out Friendly ✌🏼

Originally Posted by Ripinpeace

Delta is making 60% of industry profit this quarter with United at 40% due to Delta making ~50% more Q3.
3Q25 Net Income - DL: $1,417M UA: $949M. Delta did a great job, United did half of great.

Delta improved yields in Q3 by 4% while United’s dropped 2% both having capacity increases by 4% and 6.6% respectively. This is either indicating United’s recent adds are low yielding across the board both domestically and internationally (especially domestically) and that United’s growth rate is not sustainable due to diluting yields. United did beat their forecast, but not anywhere near the margin Delta beat theirs.

UA: -7.3% in Europe, -13.5% in Latin America, -6.2% Atlantic yields.

Non-Union is a positive metric while UA FA’s are counting to be raked over the coals while DL FA’s got 4 raises since last contract. Delta Global Scope of 23’ prevents Delta from ever outsourcing anymore Int’l. flying without increasing 1:1 block hours (more HV flying = more DL-metal). Velvet just happened past two days. Delta’s main focus will be intl. expansion and a big WB order between 787 or more 350/330’s by EOY + the existing 40 WB AB orders. New Int’l. routes TBA before EOY with Riyadh, Delhi, and Singapore being the frontrunners. Hiring now attrition + 3-4% growth Peace out Friendly ✌🏼

Originally Posted by dingdong

I just show up and fly my trips as scheduled, then go home. I don’t worry myself with what the company is doing with complicated numbers and projections. I have no control over their profit if I’m only able to do my job to the best of my ability every trip. I can’t fly harder to make more profit for people I will never meet. UAL is where I’ve always wanted to be, so I’m thankful to fly for them.

All I want to know is, will we get a profit sharing check?

Originally Posted by OOfff

there was no statement at velvt that there will be a big widebody order by the end of the year.