Landstar System, Inc. (LSTR) second-quarter 2025 earnings per share (EPS) of $1.20 beat the Zacks Consensus Estimate of $1.16 but fell 18.9% year over year. Revenues of $1.21 billion marginally surpassed the Zacks Consensus Estimate of $1.20 billion but declined 1.1% year over year.\n\nLandstar's revenue performance in the second quarter witnessed truck revenue per load improving by 2.6% year over year, partially offset by a 1.5% decrease in the number of loads hauled via truck over the same period.\n\nThe 2.6% uptick in truck revenue per load was owing to a 3.2% increase in revenue per load on loads hauled by unsided platform equipment and by a 1.2% increase in revenue per load on loads hauled via van equipment.\n\nOperating income fell 17.3% from the prior-year quarter’s figure to $56.28 million. Total costs and expenses (on a reported basis) declined marginally by 0.1% to $1.15 billion.\n\nTotal revenues in the truck transportation segment — contributing to 89.8% of the top line — amounted to $1.11 billion, up 1.1% from the year-ago quarter’s figure. The reported figure was above our expectations of $1.09 billion.\n\nRail intermodal revenues of $22.02 million fell 1.3% from the figure recorded in second-quarter 2024. The reported figure was above our expectations of $21.7 million.\n\nRevenues in the ocean and air-cargo carrier segments fell 28.7% year over year to $50.78 million. The reported figure was below our expectations of $72.1 million.\n\nOther revenues decreased 20.5% to $20.42 million. The reported figure was below our expectations of $22 million.\n\nAt the end of second-quarter 2025, Landstar had cash and cash equivalents of $359.23 million compared with $417.42 million recorded at the prior-quarter end. Additionally, long-term debt (excluding current maturities) totaled $54.67 million at the end of the second quarter compared with $61.9 million at the prior-quarter end.\n\nDuring the second quarter of 2025, Landstar purchased 300,141 shares for $42.4 million. LSTR is currently authorized to purchase up to an additional 1,861,522 shares under its longstanding share purchase program. \n\nLandstar’s board of directors also announced a quarterly cash dividend of 40 cents per share payable on Sept. 9, 2025, to stockholders of record as of the close of business on Aug. 19, 2025.\n\nDelta Air Lines (DAL) reported second-quarter 2025 earnings (excluding $1.17 per share from non-recurring items) of $2.10 per share, which beat the Zacks Consensus Estimate of $2.04. Earnings decreased 11% on a year-over-year basis due to high labor costs.\n\nRevenues in the June-end quarter were $16.65 billion, beating the Zacks Consensus Estimate of $16.2 billion and decreasing marginally on a year-over-year basis. Adjusted operating revenues (excluding third-party refinery sales) increased 1% year over year to $15.5 billion. \n\nJ.B. Hunt Transport Services, Inc. (JBHT) reported second-quarter 2025 earnings of $1.31 per share, which missed the Zacks Consensus Estimate of $1.34 and declined 0.8% year over year.\n\nTotal operating revenues of $2.93 billion missed the Zacks Consensus Estimate of $2.94 billion and were flat year over year. JBHT’s second-quarter revenue performance witnessed a 6% increase in Intermodal (JBI) loads, a 13% increase in Truckload (JBT) loads, a 3% increase in Dedicated Contract Services (DCS) productivity and a 6% increase in Integrated Capacity Solutions (ICS) revenue per load. These items were offset by Final Mile Services revenue declining 10%, lower revenue per load in both JBI and JBT, a 9% decrease in ICS load volume and a 3% decline in average trucks in DCS. Total operating revenues, excluding fuel surcharge revenue, increased 1% on a year-over-year basis.\n\nUnited Airlines Holdings, Inc. (UAL) reported mixed second-quarter 2025 results wherein the company’s earnings beat the Zacks Consensus Estimate, but revenues missed the same.\n\nUAL's second-quarter 2025 adjusted earnings per share of $3.87 surpassed the Zacks Consensus Estimate by a penny but declined 6.5% on a year-over-year basis. The reported figure lies within the guided range of $3.25-$4.25.\n\nOperating revenues of $15.2 billion fell short of the Zacks Consensus Estimate of $15.4 billion but increased 1.7% year over year. Passenger revenues (which accounted for 90.8% of the top line) increased 1.1% year over year to $13.8 billion. UAL flights transported 46,186 passengers in the second quarter, up 4.1% year over year.

Landstar Q2 Earnings & Revenues Surpass Estimates, Down Y/Y

Landstar System, Inc. (LSTR) reported Q2 2025 earnings per share (EPS) of $1.20, beating the Zacks Consensus Estimate of $1.16 but falling 18.9% YoY. Revenues of $1.21 billion slightly exceeded estimates but declined 1.1% YoY. Delta Air Lines (DAL) earned $2.10 per share, beating estimates but facing 11% YoY earnings decline due to labor costs. J.B. Hunt Transport Services (JBHT) missed estimates with $1.31 EPS, while United Airlines (UAL) saw earnings surpass estimates but revenue miss. All companies reported mixed or positive financial performance in Q2 2025.