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总结
达美航空公布2025财年及12月季度财务业绩，并给出新一年经营展望。公司表示季度盈利表现好于市场预期，增长动能主要来自高端舱位、会员体系及联名卡等相关收入，旅客需求呈现“K型”分化：更高端客群支出更具韧性。管理层预计在高端出行竞争加剧、产品与运力结构优化背景下，2026年收入与利润仍有望增长。市场关注其盈利质量、需求持续性及“高端军备竞赛”对成本与票价的影响。
正文
Delta Air Lines announces December quarter and full year 2025 financial results Delta News Hub Delta beats on Q4 earnings, sees more growth due to its 'K-shaped' higher-end customers Yahoo Finance Delta Expects Premium Fliers to Boost Its Profit This Year The Wall Street Journal Delta expects earnings jump amid 'premium arms race' in upmarket travel Financial Times Delta Quietly Changed How It Makes Money-and 2025 Proved It's Working inc.com
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