Travel and Tourism Industry

Premium cabin momentum lifted Delta and United amid broad travel recovery

  • Delta Airlines Q3 2025 revenue rose 4% y/y to $15.2 billion, in line with $15.06 billion estimate.

  • Delta Airlines guided Q4 revenue growth of 4%, above 1.7% estimate.

  • Its premium revenue rose 9% in Q3 to around $5.8 billion while main cabin revenue rose 4% to around $6 billion.

    “Starting in July, cash sales picked up,” Delta Airlines CEO Ed Bastian said

  • United Airlines Q3 2025 rose 2.6% y/y to $15.23 billion versus $15.33 estimate.

  • United Airlines premium cabin revenue rose 6% while main cabin revenue rose 4%.

  • United Airlines CEO Scott Kirby said demand is improving in Q4.

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