Delta Air Lines lowered its 2025 profit forecast due to weaker-than-anticipated demand and industry overcapacity. However, the airline exceeded Wall Street's expectations for summer travel bookings, which have since stabilized at lower levels than initially projected. Delta reported better-than-expected Q2 earnings per share ($2.10 vs. $2.05 expected) and revenue ($15.51B vs. $15.48B expected), driven by strong premium-seat sales and its American Express partnership. The company anticipates adjusted full-year earnings of $5.25 to $6.25 per share, down from its earlier forecast. Delta plans to make 'surgical' flight cuts after the peak summer travel season.

Prepared by Christopher Adams and reviewed by editorial team.