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Delta Airlines empty plane interior
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Delta, boosted by premium ticket sales, says customers who go Comfort+ don’t go back

Delta’s third-quarter revenue beat Wall Street estimates on Thursday, led by 9% growth in its premium ticket category.

Max Knoblauch

The lines for boarding zones 1 through 3 are about to get even longer, if Delta Air Lines is to be believed.

In its earnings call Thursday following the release of its better-than-expected third-quarter results, Delta executives highlighted the carrier’s strength in premium ticket sales. The category, which includes first class and business seats, grew 9% in the third quarter, compared to a 4% drop in economy ticket sales.

Delta sang the category’s praises, with CEO Ed Bastian saying that he thinks premium could overtake main cabin sales in a few quarters next year. The company has previously said it expects premium to eclipse economy by 2027.

According to Delta President Glen Hauenstein, premium has been boosted by repeat customers.

“I’ve equated it to: the car that you drive today, is it better than the first car you had? The answer is probably yes, and you don’t see many people going back to cars that are worse,” Hauenstein said. “I think once people get used to traveling in a certain product, whether it’s Comfort+, Delta Premium Select, or Delta One, they tend not to go back. Their retention rates are in the mid-80s.”

In the past decade, premium products like Comfort+ — which, according to Nerdwallet, offers about three extra inches of legroom — have grown from loss leaders to become the carrier’s highest-margin products, Hauenstein said.

Delta shares rose as much as 9% Thursday from Wednesday’s close, though gains pared down to about 4% by the late afternoon.

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Tom Jones

OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News
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