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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Jeremy PhillipsTue, December 9, 2025 at 3:07 PM GMT+1 4 min read24/7 Wall St.Delta’s 7.36% profit margin exceeds United’s 5.64% by 172 basis points.United invested over $1B in customer experience including Starlink and new international routes.Delta pays a 1.01% dividend while United redirects capital to network expansion instead of shareholder returns.If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more hereDelta Air Lines (NYSE: DAL) and United Airlines (Nasdaq: UAL) both reported Q3 2025 earnings that reveal how legacy carriers are navigating a market defined by premium cabin demand and operational discipline. Delta leaned into margin excellence and shareholder returns. United bet harder on network expansion and customer experience investments.United reported Q3 revenue of $15.23 billion, missing estimates of $15.29 billion but growing 2.6% year over year. Premium cabin revenue jumped 6% while basic economy climbed 4%. Cargo rose 3% and the loyalty program expanded 9%. Net income of $949 million declined 1.7% from the prior year, and adjusted EPS of $2.78 beat estimates of $2.67 by 4.1%.CEO Scott Kirby highlighted investments exceeding $1 billion in customer experience, including Starlink installations and enhanced inflight entertainment. United launched new routes to Croatia, Scotland, Spain, and Italy while posting a record low Q3 cancellation rate.Delta generated Q3 revenue of $16.67 billion, up 6.4% year over year, with net income of $1.42 billion and operating margin of 9.92%. EPS of $1.71 beat estimates of $1.53 by 11.8%, marking the third consecutive quarter of positive surprises. Delta's trailing twelve-month profit margin of 7.36% exceeded United's 5.64% by 172 basis points.MetricDelta (DAL)United (UAL)Q3 Revenue$16.67B (+6.4% YoY)$15.23B (+2.6% YoY)Operating Margin9.92%8.88%Profit Margin (TTM)7.36%5.64%Return on Equity28.50%25.60%Delta pays a dividend yielding 1.01% and maintains disciplined capital allocation. United pays no dividend and bought back just $19 million in shares during Q3, instead channeling capital into route expansion and technology upgrades. Delta prioritizes margin stability and shareholder returns, while United chases market share through service differentiation and network breadth.This infographic compares Delta Air Lines' focus on margin stability and shareholder returns with United Airlines' strategy of aggressive network expansion and customer experience investment in Q3 2025, highlighting their distinct paths to profit.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,849.50 -6.25 (-0.09%)Dow Futures47,743.00 -50.00 (-0.10%)Nasdaq Futures25,610.25 -53.75 (-0.21%)Russell 2000 Futures2,521.60 -3.50 (-0.14%)VIX17.04 +0.38 (+2.28%)Gold4,231.10 +13.40 (+0.32%)Trending tickersNVDA NVIDIA Corporation 185.55 +3.14 (+1.72%)XCUR Exicure, Inc. 5.33 +0.18 (+3.50%)VOR Vor Biopharma Inc. 8.36 +0.18 (+2.20%)WVE Wave Life Sciences Ltd. 18.52 +11.03 (+147.26%)PSKY Paramount Skydance Corporation 14.57 +1.20 (+9.02%)PortfolioSign in to access your portfolioSign inTop gainersWVE Wave Life Sciences Ltd. 18.52 +11.03 (+147.26%)GPCR Structure Therapeutics Inc. 69.98 +35.42 (+102.49%)KYMR Kymera Therapeutics, Inc. 94.30 +27.68 (+41.55%)OCUL Ocular Therapeutix, Inc. 16.11 +3.53 (+28.06%)WRBY Warby Parker Inc. 21.26 +2.49 (+13.27%)Top losersPSNYW Polestar Automotive Holding UK PLC 0.2037 -0.0213 (-9.47%)APD Air Products and Chemicals, Inc. 236.05 -24.64 (-9.45%)CRK Comstock Resources, Inc. 24.80 -2.57 (-9.39%)LAZ Lazard, Inc. 50.66 -4.09 (-7.47%)HL Hecla Mining Company 15.85 -1.12 (-6.60%)Most activeHBI HanesBrands Inc. 6.47 0.00 (0.00%)BBAI BigBear.ai Holdings, Inc. 6.56 -0.26 (-3.81%)BBD Banco Bradesco S.A. 3.3400 +0.0300 (+0.91%)AAL American Airlines Group Inc. 14.86 +0.05 (+0.34%)PFE Pfizer Inc. 25.77 -0.26 (-1.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events