Air Canada today detailed its most significant cabin investment, unveiling new long-haul cabin designs at the Aircraft Interiors Expo in Hamburg, Germany. The first major expression of its new Glowing Hearted standard, the design delivers a distinctly Canadian experience, emphasizing comfort, care, and connection for all customers on every flight, while signalling the airlineโs bold growth ambitions.
The completely reimagined cabins will appear first this summer on the A321XLR, which offers a true lie-flat Air Canada Signature Class experience for the first time on a single-aisle aircraft. The introduction of the new Airbus A321XLR will be a game changer, unlocking new trans-Atlantic routes and allowing Air Canada to offer an upgraded, premium journey across more of its North America transcontinental network. The new cabin design featuring the exclusive Air Canada Signature Plus Suite will launch when the Boeing 787-10 enters service.
Upgrades to the Experience Across All Cabins
Air Canadaโs new Glowing Hearted design standard will deliver a range of thoughtful upgrades for every customer, including:
All-new ergonomic seats designed to maximize personal space with built-in tablet holders, and larger overhead bins.
Significantly larger 4K OLED screens and Bluetooth audio available for all customers.
Access to high-powered USB-C and AC power outlets at every seat, ensuring laptops and all personal devices stay fully charged.
Air Canada Premium Economy cabins will also feature new extended privacy wings for added comfort.
Upgrades to the Premium Experience
The cabin updates are headlined by distinct premium products that will be available on the airlineโs newest aircraft.
On the Airbus A321XLR:
For the first time on a single-aisle aircraft, Air Canada will introduceย 14 lie-flat Air Canada Signature Class seats, setting a new standard for single-aisle comfort on longer journeys.
4K OLED IFE screen (13-inch in Economy, 19-inch Premium Cabins) with Bluetooth audio.
On the Boeing 787-10:
Air Canadaย Signature Plus, a new and exclusive suite at the front of the aircraft, designed for customers seeking an elevated experience with extra space. The suites in the centre of the aircraft also offer companion seats for use while in cruise. ย
All four suites include a larger (2-metre/6โ5โ) bed, quartzite-topped table and a dedicated guest seat, with more space for personal items and a higher wall for additional privacy.
The two centre suites feature a fully retractable sliding privacy panel, maximizing sociability for up to four customers travelling together.
4K OLED IFE screen (13-inch in Economy, 16-inch in Premium Economy, and up to 27-inch in premium cabins) with Bluetooth audio.
Distinctly Canadian Design and Commitment to Quality
The new cabin design is inspired by Canada, creating a thoroughly modern space that evokes a sense of calm.
Key design features across both aircraft:
Air Canada Signature red stitchingย and bespoke fabrics provide a subtle Canadian touch paired with a palette of greys and stone.ย
Naturalย wood grain detailsย are complemented by bronze metal accents.ย
Leather-grain surfaces and metal finishes reflect deliberate investment in enduring quality, balancing refined aesthetics and durability.ย
A refined and Glowing Hearted experience:
On the Airbus A321XLR, a backlit canopy of maple leaves for an unmistakably Canadian welcome for every customer as they board.ย
On the Boeing 787-10, premium customers are greeted by aย wave-like entrance monument, inspired by Canadaโs waterways and anchored by the Air Canada rondelle cast in bronze.ย
To be unveiled later this year, the end-to-end hospitality experience will be distinctly Canadian and include upgraded service, food and beverage elements and elevated amenities.ย
North American Fleet Upgrade Program Underway
In addition to the Glowing Hearted cabins on the A321XLR and 787-10 Dreamliner, Air Canada is also upgrading the interiors on other fleets.
Air Canadaโs Airbus A320 and A321 aircraft, currently operated by Rouge, will move to the mainline fleet and be retrofitted to Air Canadaโs latest design standard, while the Boeing 737 MAX aircraft will transition to Air Canada Rouge in 2026. This will allow customers flying Rouge leisure and Sun routes across North America and the Caribbean to enjoy upgraded interiors, including personal seatback entertainment, reclining seats and complimentary Fast, Free Wi-Fi sponsored by Bell.
Upgrades to the customer experience also extend to the Air Canada Express aircraft operated by Jazz Aviation LP, which will be fitted with new cabins, and are now flying with next generation Fast, Free Wi-Fi.
American Airlines gave a bit of history of its major system hubs:
American Airlines uses a hub-and-spoke network centered on nine hubs, enabling it to efficiently serve more origin and destination pairs than competitors.
Americanโs nine hubs are: Charlotte (CLT), Chicago (ORD), Dallas-Fort Worth (DFW), Los Angeles (LAX), Miami (MIA), New York (JFK and LGA), Philadelphia (PHL), Phoenix (PHX) and Washington, D.C. (DCA).
Together, these hubs offer customers unparalleled global connectivity to more than 350 destinations in more than 60 countries. Over the past 100 years, Americanโs hubs have grown to help connect passengers to the world.
Americanโs CLT hub is the airlineโs gateway to the southeast and a conveniently located connecting point for traffic throughout the eastern U.S. Currently, the airline serves more than 170 destinations from CLT. American Airlines legacy carrier Piedmont Airlines served Charlotte since its founding in 1948. By 1982, Piedmont opened its first hub at the airport, setting the stage for future growth, which included the regionโs first trans-Atlantic service โ to London โ in 1987. Piedmont grew with the airport and the Charlotte region, and this growth continued as Piedmont became part of USAir (later rebranded as US Airways) in 1989. Following the merger of American and US Airways, the Charlotte hub has continued to play a critical role as the combined airlineโs second-largest hub.
Chicago has been part of Americanโs network since the beginning, a century ago, when the first flight of forerunner Robertson Aircraft departed for St. Louis on April 15, 1926. A decade later, American was the first airline to fly the Douglas DC-3 between New York and Chicago. When OโHare International Airport opened in 1955, American was among the first carriers to serve the airport, and legacy carrier TWA offered the airportโs first international service โ to Paris. By the 1980s, following airline deregulation, American began offering broader connectivity and more service from ORD to more cities throughout the U.S. and eventually globally, with nonstop service to Londonโs Heathrow Airport (LHR) which began in 1990 and continues to this day. The ORD hub began as, and remains, a cornerstone of Americanโs network, connecting more than 150 destinations globally with more than 500 daily departures.
The Dallas-Fort Worth area has been a major part of Americanโs story. One of Americanโs earliest forerunner carriers, Southern Air Transport, was founded in Dallas nearly a century ago in 1929. In addition to providing American with deep roots in Texas, Southern also brought to American the man who would go on to guide the company for the first three decades of its existence: former CEO C.R. Smith. It is fitting that when DFW opened in 1974, American made the first landing at the new airport, and five years later relocated its headquarters to the area. Americanโs hub at DFW, first opened in 1981, has gone on to become the worldโs second largest, with nonstop access to over 230 destinations (more than any other U.S. city) across more than 900 peak daily departures. American operates from all five terminals at DFW with plans to continue growing as part of additional investments in Terminals A and C, and a new Terminal F, planned to open in 2027.
In 1946, American became part of Los Angeles history when it was one of the first airlines to begin operations at LAX. After that, American pioneered nonstop transcontinental service with the Douglas DC-7 between New York and Los Angeles in 1953. In 1959, American launched the first transcontinental jet service with the Boeing 707 to Los Angeles from New York. Over more than 75 years of service at LAX, American has been a part of the entertainment industryโs travel needs and even appeared in numerous film and television productions. The airline continues to upgrade infrastructure to enhance passenger comfort at the airport, with a multiyear plan to modernize its home in Terminals 4 and 5.
MIA is Americanโs gateway to Latin America and the Caribbean with service to more than 75 international destinations โ the most of any of Americanโs hubs. Although American entered the South Florida market later than some competitors, its arrival in 1979 โ spurred by airline deregulation โ marked the beginning of a dynamic and successful chapter for the airline in the region. This was exemplified by the 1990 purchase of former Eastern Airlines route authorities to Latin America, which brought about new service to dozens of cities in the Caribbean and South and Central America. Within a decade, work had begun on what became Terminal D โ Americanโs consolidated, mile-long terminal offering fast, easy connections and premium customer amenities. American continues to add new destinations from MIA, turning it into the airlineโs largest international gateway.
New York has played a central role in Americanโs history, with a succession of industry and world โfirsts.โ Predecessor airlines such as Colonial Air Transport had served New York since the 1920s, and American pioneered the โSouthern Route,โ spanning the east and west coasts from New York, by the 1930s. In 1936, American became the first airline to fly the groundbreaking Douglas DC-3 between New York and Chicago. American was also the first airline to agree to serve the cityโs new LaGuardia Airport when it opened in 1939, and at the same time ushered in a new era of airport comfort and luxury by opening the worldโs first VIP lounge at LaGuardia: the Admirals Clubยฎ lounge.
Two decades later, American inaugurated the countryโs first transcontinental jet service from John F. Kennedy International Airport (then still known as โIdlewildโ) to Los Angeles. American remains one of the largest carriers in the region, offering over 240 daily departures to more than 95 destinations, with many more served by partners. In 2021, Americanโs stunning new Terminal B at LGA officially opened, followed a year later by industry-leading premium lounges at JFK in partnership with British Airways.
American legacy carrier Allegheny Airlines was a fixture of commercial aviation in Pennsylvania beginning in 1939, and through mergers and market evolution, Americanโs Philadelphia hub originated in 1985 with legacy carrier USAir (later US Airways). Within 10 years, USAir expanded its presence from PHL to include trans-Atlantic flights to Frankfurt, Germany; London; and Paris, eventually necessitating the need for a new, enlarged international terminal which opened in 2003. Since the merger between American and US Airways, PHL has served as the airlineโs primary trans-Atlantic gateway with flights to 19 destinations in Europe. As part of the carrierโs continued investment in PHL, American opened a new Flagshipยฎ lounge and refreshed Admirals Clubยฎ lounge in Terminal A in 2025.
American first began scheduled service to Phoenix in 1930, and in 1963 brought the first scheduled jet service to the region with the arrival of the Boeing 707. Deregulation ushered in the formation of innovative new airlines including America West, which was founded in Phoenix in 1983. Beginning with initial service to just three cities, America West grew to become the airportโs largest airline and ultimately merged with US Airways in 2005. Since the US Airways and American merger, PHX has remained an important hub for connecting the southwestern U.S. with the airlineโs global network โ including operating nearly 250 peak day departures to more than 100 destinations.
When DCA opened for operations in 1941, American was the first airline to operate at the airport. Owing to its importance both in the airlineโs route system and with the local community, the airline opened its second Admirals Clubยฎ lounge at the airport. As the airline industry evolved, so did DCA. The advent of larger jet aircraft ultimately led to a โperimeter ruleโ being imposed at DCA, limiting most flights beyond 1,250 miles and ensuring high-quality air service to the nationโs capital for communities of all sizes. In 1997, the modern DCA was transformed by the opening of the new Cรฉsar Pelli-designed terminal facility that enhanced the airport experience without sacrificing the convenience and efficiency customers had come to appreciate. Throughout this continued evolution, first for US Airways and then American, the DCA hub has played a critical role both in serving local demand to and from the Washington, D.C., region as well as facilitating fast, easy connections along the East Coast.
Jetstar’s first revamped Boeing 787 Dreamliner took to the skies on April 7, 2026, operating its inaugural service from Melbourne to Phuket and giving customers a taste of the new-look cabin and onboard wi-fi on Jetstarโs International 787 network.ย
The refurbished Dreamliner arrived in Melbourne from Hong-Kong earlier this week after completing a major multi-million-dollar cabin refit, the most significant transformation in the 787 Dreamlinerโs history with Jetstar.
The makeover covers both the business and economy cabins, bringing new seating, in-flight Wi-Fi and expanded crew rest facilities that will allow Jetstar to operate flights of up to 16 hours. All 11 of Jetstar’s 787 Dreamliners will progressively undergo the same refit, with the fleet transformation continuing through to late-2027.
New cabins
The business cabin has more than doubled in size, growing from 21 seats to 44 in response to growing demand for premium travel at low-cost prices. The new business seats feature a 38-inch pitch and seven-inch recline, a six-way adjustable headrest, enhanced cushioning, calf and footrests, bi-fold in-arm tray tables with cocktail table, seat back device holders and dual high-power USB-C charging points.
Economy has also been revamped with all-new RECARO aircraft seating. The new economy seats offer a 30-inch pitch and five-inch recline, two inches more than Jetstar’s A320neo and A321LR aircraft. Customers will also benefit from a six-way adjustable headrest, additional in-seat cushioning, seat back device holders and dual high-power USB-C charging points.
Connectivity
For the first time ever on Jetstar’s 787s, customers can stay connected in the air. Jetstar has partnered with Viasat, the same provider used on Qantas flights, to deliver fast satellite-enabled Wi-Fi across the refreshed fleet. The service supports streaming, messaging, browsing, and everyday internet use throughout flights on the revamped 787 aircraft.
Business Class passengers will receive complimentary access to Jetstar’s premium Streaming-Plus product, providing unlimited in-flight entertainment and browsing. Economy customers can also purchase Wi-Fi on board, with two options available at launch:
ยท Streaming-Plus (unlimited access) from $25^
ยท Social Plus (basic browsing, social media access & video playback restricted) from $20^
With seatback screens removed, customers are encouraged to bring their own headsets and stream directly to their own devices via the on-board Wi-Fi.
Takeoff further
The installation of six lie-flat crew rest bunks at the rear of the aircraft is one of the most significant changes in this refit, allowing the aircraft to travel further, to new destinations. By giving crew the rest they need for longer operations, Jetstar’s 787s will be capable of flights of up to 16 hours, opening the door to exciting potential new routes.
Jetstar already operates its 787 fleet to destinations across Asia, including Tokyo, Osaka, Singapore, Seoul, Phuket, Bangkok, Ho Chi Minh City and soon, Colombo in Sri Lanka. The extended range capability will give the airline greater flexibility to grow its international network in the years ahead giving customers more choice for international low fares travel.
Business class upgrades
To coincide with the return of the first refreshed 787, Jetstar recently launched BidCash, a new product that gives customers the chance to place a cash bid for a chance to upgrade to a Business Class seat on Jetstar’s international 787 flights.
Jetstar also plans to extend this new and exciting product to Qantas Frequent Flyer members. Coming soon Qantas Frequent Flyers will be able to bid for Business Class upgrades using Qantas Points, including a Classic Upgrade Reward style product and a Points Plus Pay offering, which combines Qantas Points and cash.
With business capacity on some international routes more than doubling from 21 to 44 seats, customers will have more opportunity than ever to secure an upgrade and takeoff more in style.
^Wi-fi pricing is introductory and subject to change. Pricing may vary route by route.
Travelers can toast to a new destination and fly a case of wine home “on the house”
DALLAS, April 7, 2026 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) began service in Santa Rosa, California’s Charles M. Schulz Sonoma County Airport today. To celebrate the airline’s wine country expansion, Southwestยฎ will introduce a new Sip and Shipโข program 1, which will allow Southwest Customers to check one case of wine at no cost from select West Coast locations starting later this month.
“We’re excited to open the door to more of California’s incredible destinations, especially the stunning wine region of Sonoma County, as we add our 14th airport to our already best-in-industry intra-California service,” said Andrew Watterson, Chief Operating Officer at Southwest Airlinesยฎ. “By adding service to Sonoma County Airport and launching Sip and Ship, we’re offering our Customers even more convenience and an opportunity to continuing sipping and savoring their time in wine country.”
Plot Your Trip
Southwest’s Santa Rosa (Sonoma County), California service is connecting nonstop to San Diego, Las Vegas, Denver, and Burbank, California. The San Diego and Las Vegas routes are now operating daily, including two San Diego roundtrips on peak days. Burbank will initially operate five days a week, and Denver will operate on Saturdays.
Pack Your Pinot
Southwest’s new Sip and Shipโข program lets Customers bring home the best souvenir from wine country โ vino! Each Customer can check one (1) case of wine at no additional charge. Selections should be placed in a standard wine shipping box or wine suitcase that meets checked bag requirements.
As Southwest continues to expand its network, including recent openings in St. Thomas, United States Virgin Islands; Knoxville, Tennessee, St. Maarten–which also opened today–and Anchorage scheduled to open in May, the airline remains focused on creating more convenient ways for Customers to explore and enjoy new and exciting places. The introduction of Sip and Shipโข complements this growth by adding a Customer benefit for those visiting wine country ensuring every journey with Southwest delivers reliability, flexibility, and a memorable experienceโright down to the very last drop.
Delivered March quarter earnings in line with initial guidance on broad demand strength driving better-than-expected revenue performance
Guiding to low-teens revenue growth in the June quarter on flat capacity growth, reflecting strong demand momentum, meaningful capacity reductions, and rapid actions to recapture higher fuel
Expect June quarter pre-tax profit of around $1 billion, on a more than $2 billion increase in fuel expense at the forward curve
Continuing to strengthen investment-grade balance sheet, with adjusted net debt below 2019 levels
ATLANTA, April 8, 2026 /PRNewswire/ — Delta Air Lines (NYSE: DAL) today reported financial results for the March quarter and provided its outlook for the June quarter. Highlights of the March quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.
“Delta’s results underscore the power of our brand and the durability of our financial foundation. We delivered earnings that were more than 40 percent higher than last year, even with a significant increase in fuel costs and operational disruptions across the industry,” said Ed Bastian, Delta’s chief executive officer. “Our results are powered by the Delta people, who will always be our greatest competitive advantage. In February, we celebrated $1.3 billion in profitโsharing payouts, similar to last year and more than the rest of the industry combined.”
“Demand remains strong, and we are taking actions to protect our margins and cash flow. This includes meaningfully reducing capacity growth, with a downward bias until the fuel environment improves, and moving quickly to recapture higher fuel costs. Delta is best positioned to navigate this environment, with a leading brand, strong financial foundation, and the benefit of our refinery. In the June quarter, we expect to lead the industry with $1 billion of profit. And while the recent fuel spike is currently impacting earnings, I’m confident this environment ultimately reinforces Delta’s leadership and accelerates long-term earnings power.”
March Quarter 2026 GAAP Financial Results
Operating revenue of $15.9 billion
Operating income of $501 million with an operating margin of 3.2 percent
Pre-tax loss of $214 million with a pre-tax margin of (1.4) percent
Loss per share of ($0.44)
Operating cash flow of $2.4 billion
March Quarter 2026 Non-GAAP Financial Results
Operating revenue of $14.2 billion
Operating income of $652 million with an operating margin of 4.6 percent
Pre-tax income of $532 million with a pre-tax margin of 3.7 percent
Earnings per share of $0.64
Operating cash flow of $2.4 billion
Financial Guidance1
2Q26
Total Revenue YoY (%)
Up low-teens
Operating Margin
6% – 8%
Earnings Per Share
$1.00 – $1.50
Guidance assumes fuel at the forward curve as of April 2, 2026, and includes a refinery benefit of approximately $300 million. This results in a projected all-in fuel price of approximately $4.30 per gallon for the second quarter.
Revenue Environment and Outlook
“Total revenue of $14.2 billion was a March quarter record and nearly 10 percent higher than last year, growing several points above our initial outlook, on broad demand strength across corporate and leisure,” said Joe Esposito, Delta’s chief commercial officer. “With continued strength in demand, combined with our actions on capacity reductions and fuel recapture, we expect total revenue growth in the June quarter to be up low-teens on flat capacity over prior year.”
Record March quarter revenue with broad strength across customer segments, geographies, and products:ย March quarter total revenue increased 9.4 percent over the same period last year to a record $14.2 billion, led by premium, corporate, and loyalty.ย Adjusted total unit revenue (TRASM) grew 8.2 percent over prior year, with a 1.6 point contribution from robust MRO growth.
Continued momentum in diverse, high-margin revenue streams:ย Delta’s diversified revenue base represented 62 percent of total revenue and grew mid-teens over prior year.ย Premium revenue grew 14 percent compared to the March quarter of 2025.ย Loyalty and related revenue increased 13 percent, primarily driven by continued double-digit growth in card spend and an expanding cardholder base.ย American Express remuneration of over $2 billion grew 10 percent over prior year.ย MRO revenue increased by more than $200 million year-over-year, reflecting significant growth and strong execution by the Delta TechOps team.ย Cargo revenue increased 9 percent.
Healthy unit revenue improvement across all geographies, with positive inflection in main cabin growth:ย Domestic unit revenue grew 6 percent year-over-year with strength across all cabins.ย International unit revenue grew 5 percent led by Transatlantic, our largest and most profitable international entity.ย The March quarter was the first full quarter of positive unit revenue growth in main cabin since the end of 2024, reflecting strong demand and continued supply rationalization.ย Delta’s main cabin capacity contracted by 3 percent compared to the same period last year, as continued investment in fleet renewal drove premium seat mix higher.
Record quarterly corporate sales2ย with growth in all sectors:ย Corporate sales increased double-digits year-over-year in the March quarter, with performance strengthening as the quarter progressed.ย All sectors saw positive revenue growth in the quarter, led by Banking, Aerospace & Defense, and Tech.ย Corporate demand for premium products was particularly strong.ย Recent corporate survey results indicate 85 percent of respondents expect their corporate travel spend will increase or stay the same in the June quarter.ย
Cost Performance and Outlook
“Delta delivered record March quarter revenue, with an operating margin of 4.6 percent and earnings of $0.64 per share, within our initial guidance range even with a sharp run up in March fuel prices. Nonโfuel unit costs grew 6 percent over prior year, reflecting lower than planned capacity growth and higher recovery costs. For the June quarter, we expect non-fuel unit costs to grow at a rate similar to the March quarter, reflecting the impact of our capacity actions and a continuation of higher crew costs,” said Dan Janki, Delta’s chief operating officer3. “Improving operational resilience is a top focus and we are confident in delivering improvement in both operational and cost performance in the second half of the year.”
1 Non-GAAP measures; Refer to Non-GAAP reconciliations for historical comparison figures
2 Corporate travel sales represent the revenue from tickets sold to corporate contracted customers, including tickets for travel during and beyond the referenced time period
3 Dan Janki served as Delta’s chief financial officer through March 31, 2026
March Quarter 2026 Cost Performance
Operating expense of $15.4 billion and adjusted operating expense of $13.5 billion
Adjusted non-fuel costs1ย of $10.5 billion
Non-fuel CASM was 15.13ยข, an increase of 6 percent year-over-year
Adjusted fuel expense of $2.6 billion was up 8 percent year-over-year
Adjusted fuel price of $2.62 per gallon increased 7 percent year-over-year with a refinery benefit of 6ยข per gallon
Balance Sheet, Cash and Liquidity
“Delta’s financial strength transcends the industry and positions us to extend our leadership through times of volatility, reinforcing our advantages and improving the long-term earnings power of the business. Our balance sheet is the best in our history, underpinned by our investment-grade rating at all three credit rating agencies, adjusted net debt below 2019 levels, and a well-laddered maturity profile alongside a substantial base of unencumbered assets and secured borrowing capacity. In addition, our integrated fuel strategy is a unique differentiator, with the economics of our refinery partially offsetting higher crack spreads. The refinery is expected to provide a $300 million benefit to the June quarter at current prices.” Janki said.
Adjusted net debt of $13.5 billion at March quarter end, a reduction of $760 million from the end of 2025
Payments on debt and finance lease obligations for the March quarter of $1.6 billion
Weighted average interest rate of 4.6 percent with 86 percent fixed rate debt and 14 percent variable rate debt
Adjusted operating cash flow in the March quarter of $2.4 billion, and with gross capital expenditures of $1.2 billion, free cash flow was $1.2 billion
Air Traffic Liability ended the quarter at $10.7 billion
Liquidity* of $8.1 billion at quarter-end, including $3.1 billion in undrawn revolver capacity
*Includes cash and cash equivalents, short-term investments and undrawn revolving credit facilities
1 Updated definition excludes aircraft fuel and related taxes, third-party refinery sales, MRO expense, and Profit Sharing
March Quarter 2026 Highlights
Operations, Network and Fleet
Named North America’s most onโtime airline by Cirium for the fifth consecutive year
Advancing fleet modernization with 95 new aircraft orders, including Airbus narrowbody and widebody aircraft, as well as the Boeing 787, supporting aircraft replacement, efficient growth, and margin expansion
Took delivery of eight aircraft in the March quarter, including A321neo and A220-300 aircraft
Delta TechOps became the first and only North American airline MRO with full overhaul capability across both the LEAP-1A and LEAP-1B engines
Announced new daily service between Austin (AUS) and Phoenix (PHX) and expanded service from Austin to Bozeman (BZN) beginning next winter, bringing total destinations serviced from Austin to 30 by December 2026
Announced expanded service from Los Angeles (LAX) to Florida starting next winter including Palm Beach (PBI), Tampa (TPA), and Orlando (MCO), all operated on the state-of-the-art A321neo
Announced new nonstop service between New York-JFK and John Wayne Orange County (SNA) starting May 7, 2026, operated by aircraft equipped with Delta One
Culture and People
Celebrated $1.3 billion in profit sharing in February for 2025 performance, more than the rest of the U.S. industry combined, recognizing the outstanding performance of Delta’s 100,000+ employees and underpinning Delta’s culture of sharing our success with our people
Ranked No. 9 on the Fortune 100 Best Companies to Work Forยฎ list, up from No. 15 in 2025 and the only ranked airline
Named as one of Glassdoor’s 2026 top 100 Best Places to Work, making the list for the ninth time, and the only airline recognized
Ranked No. 11 on Fortune’s list of World’s Most Admired Companies for leadership in innovation, resilient leadership and global impact
Customer Experience and Loyalty
Delta will launch Amazon Leo’s low Earth orbit satellite technology starting with an initial installation on 500 aircraft beginning in 2028, bringing faster, more personalized digital experiences to customers through the Delta Sync Wi-Fi and seatback
Expanded Delta Sync partnerships, including a new collaboration with The New York Times, enhancing the onboard experience with premium, high-engagement digital content for customers
Delta SkyMiles was ranked the world’s most valuable airline loyalty program, ahead of all other U.S. airlines, in On Point Loyalty’s Top 100 Most Valuable Airline Loyalty Programs 2026 report
Announced a multi-year partnership as the Official Airline of Sphere, including the Delta SKY360ยฐ Club, Sphere’s first branded hospitality space, providing premium experiences to SkyMiles members
Opened a new 13,000 square foot Delta Sky Club at Denver International Airport and reopened newly renovated clubs in Philadelphia and three locations in Atlanta
March Quarter 2026 Results
March quarter results have been adjusted primarily for third-party refinery sales and gains/losses on investments as described in the reconciliations in Note A.
GAAP
$ Change
% Change
($ in millions except per share and unit costs)
1Q26
1Q25
Operating income
501
569
(68)
(12) %
Operating margin
3.2 %
4.0 %
(0.8) pts
(20) %
Pre-tax (loss)/income
(214)
320
(534)
NM
Pre-tax margin
(1.4) %
2.3 %
(3.7) pts
NM
Net (loss)/income
(289)
240
(529)
NM
Diluted (loss)/earnings per share
(0.44)
0.37
(0.81)
NM
Operating revenue
15,854
14,040
1,814
13 %
Total revenue per available seat mile (TRASM) (cents)
22.92
20.53
2.39
12 %
Operating expense
15,353
13,471
1,882
14 %
Cost per available seat mile (CASM) (cents)
22.20
19.69
2.51
13 %
Fuel expense
2,742
2,410
332
14 %
Average fuel price per gallon
2.78
2.47
0.31
12 %
Operating cash flow
2,432
2,378
54
2 %
Capital expenditures
1,200
1,224
(24)
(2) %
Total debt and finance lease obligations
14,164
15,823
(1,659)
(10) %
Adjusted
$ Change
% Change
($ in millions except per share and unit costs)
1Q26
1Q25
Operating income
652
584
68
12 %
Operating margin
4.6 %
4.5 %
0.1 pts
2 %
Pre-tax income
532
375
157
42 %
Pre-tax margin
3.7 %
2.9 %
0.8 pts
28 %
Net income
423
291
132
45 %
Diluted earnings per share
0.64
0.45
0.19
44 %
Operating revenue
14,200
12,978
1,222
9.4 %
TRASM (cents)
20.53
18.97
1.56
8.2 %
Operating expense
13,549
12,394
1,155
9 %
Non-fuel cost1
10,464
9,735
729
7 %
Non-fuel unit cost (CASM-Ex) (cents)
15.13
14.23
0.90
6 %
Fuel expense
2,591
2,395
196
8 %
Average fuel price per gallon
2.62
2.45
0.17
7 %
Operating cash flow
2,414
2,444
(30)
(1) %
Free cash flow
1,227
1,280
(53)
(4) %
Gross capital expenditures
1,179
1,174
5
โ %
Adjusted net debt
13,540
16,876
(3,336)
(20) %
1 Updated definition excludes Aircraft fuel and related taxes, Third-party refinery sales, MRO expense, and Profit Sharing
About Delta Air LinesThrough exceptional service and the power of innovation, Delta Air Lines (NYSE: DAL) never stops looking for ways to make every trip feel tailored to every customer.
There are 100,000 Delta people leading the way to deliver a world-class customer experience on up to 5,500 daily Delta and Delta Connection flights to more than 300 destinations on six continents, connecting people to places and to each other.โฏ
Delta served more than 200 million customers in 2025 โ safely, reliably and with industry-leading customer service innovation โ and was recognized by Cirium for being the top on-time airline in North America for the fifth consecutive year.
We remain committed to ensuring that the future of travel is connected, personalized and enjoyable. Our people’s genuine, enduring motivation is to make every customer feel welcomed and cared for across every point of their journey with us.
Headquartered in Atlanta, Delta operates significant hubs and key markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon and Tokyo.
As the leading global airline, Delta’s mission to connect the world creates opportunities, fosters understanding and expands horizons by connecting people and communities to each other and to their own potential.
A founding member of the SkyTeam alliance and powered by innovative and strategic partnerships throughout the world with Aeromexico, Air France-KLM, China Eastern, Korean Air, LATAM, Virgin Atlantic and WestJet, Delta brings more choice and competition to customers worldwide. Delta’s premium product line is elevated by its unique partnership with Wheels Up Experience.
Delta is America’s most-awarded airline thanks to the dedication, passion and professionalism of its people. In addition to the award from Cirium, Delta has been recognized as the World’s Most Admired Airline and one of the Best 100 Companies to Work For according to Fortune; the top carrier for business travelers by Business Travel News; and best U.S. airline by Forbes Travel Guide’s Verified Air Travel Awards. In addition, Delta has been named to the Civic 50 by Points of Light as one of the most community minded companies in the U.S.
Spirit Airlines is leaning all the way into its most famous nickname โ the โbanana planeโ โ with a bold new branding campaign that transforms six of its brightโyellow aircraft into fullโon bananaโthemed special liveries. The airline unveiled the project in early Aprilโฏ2026, describing it as a playful celebration of the identity customers have given Spirit for years.
The campaign consists of six specialโedition liveries, all sponsored in partnership with Airbus, and each designed to resemble oversized bananas complete with humorous stickerโstyle graphics. These graphics mimic the small produce stickers found on real bananas, but with Spiritโthemed twists: references to the airlineโs Florida roots, nods to ultraโlowโfare travel, and tongueโinโcheek โnutritional factsโ about savings and value.
The first aircraft to debut the new look is Airbus A320-232 N621NK, which is scheduled to enter service this week. Its livery features the most literal interpretation of the concept โ a giant bananaโstyle sticker placed prominently on the fuselage, turning the aircraft into a flying fruitโaisle sight gag. Five additional aircraft will roll out later in the month, each with its own variation on the banana theme and unique taglines.
Spiritโs bright yellow livery has long earned the airline the unofficial nickname โbanana planeโ among travelers and aviation enthusiasts. Instead of ignoring it, Spirit is embracing the moniker and turning it into a fullโscale marketing moment. The airline says the campaign is a tribute to the fans who helped popularize the nickname and a way to inject fun and personality into the flying experience.
Peach Aviation has officially launched a major brand renewal to mark its 15th anniversary. The airline is retiring its sharp, highโcontrast fuchsia identity and replacing it with a warmer palette built around soft pink/peach, ivory, and brown earth tones. The redesign was created with globally known designer Oki Sato (Nendo) and is intended to shift Peachโs image from a typical lowโcost carrier toward a more relaxed, mature, and comfortable travel experience.
The new logo debuts on April 1, 2026, and features a softer pink tone, an iconic leaf motif, and more open typography. The new aircraft liveryโstill pink but with calmer beige and brown accentsโwill begin appearing on Peachโs Airbus fleet in spring 2027. The fuselage design uses intentionally irregular patterns to evoke playfulness and anticipation while maintaining the airlineโs signature color identity.
Peach emphasizes that the refresh reflects its โnext phaseโ as it continues to grow within the ANA Group, having carried more than 75 million passengers since its founding in 2011. The redesign is positioned as a step toward a more welcoming, less โbudgetโairlineโ aesthetic while preserving the brandโs youthful energy.
The new logo inherits the spirit that Peach has held dear over the past 15 years since its founding. Based on the existing design using circles and straight lines, it has evolved into a friendlier, gentler impression with the addition of roundness to the corners. By adding more space between the letters, this logo achieves a calm appearance.
The Port of Seattle welcomed Cathay Pacificโs nonstop service to Hong Kong with their inaugural flight from Seattle-Tacoma International Airport (SEA).
Coinciding with the airlineโs 80th anniversary celebrations, the arriving Airbus A350 aircraft โ wearing Cathay Pacificโs classic โlettuce leaf sandwichโ livery โ was welcomed with a ceremonious lion dance and ribbon cutting at the gate.
This marks the last pre-pandemic carrier to return to SEA and will kick-start several new international offerings from SEA this year, boosting such services to more than 60.
National Airlines has reached a significant milestone in its fleet modernization journey as the first of its four Boeing 777-200 Freighters (N791CA) has commenced test flights last week. Registered as N791CA, the aircraft is planned to enter revenue service in May 2026, following the completion of a series of mandatory flight tests, performance evaluations, and regulatory procedures. The remaining three Boeing 777-200 freighters are scheduled to undergo their respective test flight programs in the coming months.
The introduction of the Boeing 777-200F represents a transformative advancement in National Airlines’ long-haul cargo capabilities. Recognized as one of the most advanced and efficient freighters in global aviation today, the aircraft offers a payload capacity exceeding 102 tonnes, a range of over 9,000 kilometers, and fuel-efficient twin-engine performance. Equipped with state-of-the-art avionics and advanced flight systems, the B777F ensures enhanced operational precision, fuel efficiency, and reliability across intercontinental routes.
National Airlines Boeing 777-200F Aircraft (N791CA) during test flights 1
The addition of the B777-200 freighter signals the beginning of a new chapter in the airline’s fleet modernization program and complements the existing fleet of nine Boeing 747-400 freighters, and passenger fleet of Airbus A330-300 and A330-200 aircraft. In today’s rapidly evolving air cargo landscape, driven by e-commerce growth, global supply chain demands, and the need for faster, more reliable air freight movement, the Boeing 777-200 freighter plays a critical role owing to its performance capability and sustainability technologies.
National Airlines Boeing 777-200F Aircraft (N791CA) during test flights 2
DUBLIN, March 24, 2026 /PRNewswire/ — AerCap Holdings N.V. (“AerCap” or the “Company”) (NYSE: AER) today announced it has signed lease agreements with Ethiopian Airlines for two Boeing 777-300ERSF converted freighters. The aircraft, also known as “The Big Twin,” will be the first of its type to operate in Africa, with the deliveries scheduled for Q2 2028.
“We are delighted to deepen our long-standing partnership with Ethiopian Airlines โ the first customer to operate this aircraft type in Africa – through this important transaction,” said Aengus Kelly, Chief Executive Officer of AerCap. “With 25% more capacity than today’s smaller twin-engine long-haul freighters, the 777-300ERSF delivers significant cost efficiencies and will position Ethiopian Airlines to further expand its growing cargo platform. We are proud to support Ethiopian Airlines and wish them continued success as they scale and strengthen their operations.”
Commenting on the lease agreements, Ethiopian Airlines Group CEO Mesfin Tasew said, “We are delighted to partner with AerCap to bring the first Boeing 777-300ERSF to Africa. These aircraft will significantly enhance our cargo capacity and efficiency, boosting trade in the region. As demand for air freight continues to grow, Ethiopian Airlines remains committed to investing in modern, sustainable solutions that cement our position in the global cargo market.”
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is headquartered in Dublin with offices in Shannon, Memphis, Miami, Singapore, London, Dubai, Shanghai, Amsterdam and other locations around the world.
About Ethiopian Airlines Group
Ethiopian Airlines Group (Ethiopian) is a true African success story, transforming a visionary dream into a globally renowned reality for nearly eight decades. Operating flights to more than 160 domestic and international passenger, and cargo destinations across five continents, Ethiopian bridges the gaps between Africa and the world. Emphasizing passenger comfort and environmental sustainability, Ethiopian utilizes ultra-modern aircraft such as Boeing 737s, 777s, 787s, Airbus A350-900, A350-1000 and De Havilland Q400.
Ethiopian, the Star Alliance member airline, champions in various coveted awards including Skytrax’s ‘Best Airline in Africa Award’ for eight consecutive years, APEX ‘Best Overall in Africa’ award and ‘Leadership in Connecting Africa through Transport’ Award among others. Ethiopian aims to further excel in its success through a strategic plan dubbed ‘Vision 2035’ and become one of the top 20 most competitive and leading aviation groups in the world. Embracing a Pan-African spirit, Ethiopian is pursuing multi-hub strategy through hubs in Lomรฉ, Togo with ASKY, in Lilongwe, Malawi with Malawi Airlines, in Lusaka, Zambia with Zambia Airways, and in Kinshasa, Democratic Republic of the Congo (DRC) with Air Congo.
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