Delta Air Lines, Inc. (DAL) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.936 Bastion, our President, Glenn Hauenstein, and our CFO, Dan Jenke. 00:00:03.936 -- 00:00:07.722 Ed will open the call with an overview of Delta's performance and strategy. 00:00:07.722 -- 00:00:11.226 Glenn will provide an update on the revenue environment, and Dan will discuss costs in 00:00:11.226 -- 00:00:14.992 our balance sheet. After the prepared remarks, we'll take analyst questions. 00:00:14.992 -- 00:00:18.416 We ask that you please limit yourself to one question and a brief follow-up so that we 00:00:18.416 -- 00:00:22.702 can get to as many of you as possible. After the analyst Q&A, we will move to our media 00:00:22.702 -- 00:00:27.188 questions. Today's discussion contains forward-looking statements that represent our 00:00:27.188 -- 00:00:29.697 beliefs or expectations about future events. 00:00:29.697 -- 00:00:33.402 All forward-looking statements involve risks and uncertainties that could cause actual 00:00:33.402 -- 00:00:36.606 results to differ materially from the forward-looking statements. 00:00:36.606 -- 00:00:41.172 Some of the factors that may cause such differences are described in Delta's SEC filing. 00:00:41.172 -- 00:00:45.157 We'll also discuss non-GAAP financial measures, and all results exclude special items 00:00:45.157 -- 00:00:49.844 unless otherwise noted. Your figures compare against results as reported unless otherwise 00:00:49.844 -- 00:00:54.089 stated. You can find a reconciliation of our non-GAAP measures on the investor relations 00:00:54.089 -- 00:00:56.630 page at ir.delta.com. 00:00:56.633 -- 00:00:59.262 And with that, I'll turn the call over to Ed. 00:00:59.262 -- 00:01:00.984 Thank you, Julie, and good morning, everyone. 00:01:00.984 -- 00:01:05.751 We do appreciate you joining us toda...