Citable filing context
DAL's research view summarizes recent SEC filing context, starting with earnings from Jul 10, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 10, 2026 | earnings | Delta Air Lines reported second-quarter 2026 GAAP operating revenue of $19.8 billion and diluted EPS of $2.44. |
| Jun 22, 2026 | other | DAL shareholders elected 14 directors, approved executive compensation, ratified auditors, and rejected two proposals at the 2026 Annual Meeting. |
| Jun 12, 2026 | debt_offering | Delta Air Lines entered into a $2.65 billion revolving credit facility to refinance an existing credit agreement. |
| Jul 10, 2026 | Guidance: eps | 2.00 to 2.50 |
| Jul 10, 2026 | Guidance: eps | 6.50 to 7.50 |
| Jul 10, 2026 | Guidance: free_cash_flow | 3000.00 to 4000.00 |
| Jul 10, 2026 | mda_quarterly | Delta Air Lines reported operating income of $1.9 billion for the June 2026 quarter, a $238 million decline from the prior-year period. Total revenue rose to $19.8 billion, driven by strong demand across premium, main cabin, and corporate segments, alongside a 13% increase in SkyMiles remuneration from American Express. However, total operating expenses surged 23% to $17.9 billion, primarily due to an 80% increase in average jet fuel prices and higher refinery-related costs. Non-fuel unit costs (CASM-Ex) rose 6.8% year-over-year. The company’s refinery segment, Monroe Energy, generated $351 million in operating income, benefiting from higher market prices despite a temporary production outage in June. Delta continues to prioritize debt reduction, paying down $2.1 billion in debt and finance leases during the first half of 2026. Liquidity remains robust at $7.7 billion, including $3.1 billion in undrawn revolving credit facilities. Capital expenditures reached $2.7 billion for the half-year, with full-year 2026 spending projected to exceed $5 billion to support fleet modernization, including recent orders for Boeing 787-10s and Airbus A330/A350 widebodies. Management expects fuel consumption to remain aligned with capacity, though elevated fuel costs are anticipated to persist amid ongoing geopolitical volatility. |
| Apr 8, 2026 | mda_quarterly | Operating income for the March 2026 quarter was $501 million, a decrease from the prior year despite total revenue increasing to $15.85 billion. Revenue growth was driven by strong demand for premium products from corporate customers, $2.2 billion in remuneration from American Express, and expansion in the Delta TechOps MRO business. These gains were offset by a 14% increase in operating expenses, primarily due to a 10% rise in jet fuel purchase prices and base pay increases for pilots and employees. Non-operating expenses rose to $715 million, largely reflecting mark-to-market losses on equity investments. Regionally, growth in the Atlantic and Pacific markets—specifically South Korea and China—was partially offset by civil unrest in Mexico affecting Latin American leisure demand. Liquidity totaled $8.1 billion, with free cash flow of $1.2 billion. The company reduced debt by $1.6 billion, utilizing a new $1.25 billion term loan to repay Payroll Support Program obligations. Capital commitments remain significant at $28.5 billion, with recent agreements for 30 Boeing 787-10s and 31 Airbus widebody aircraft (A330-900s and A350-900s) to modernize the fleet. |
Source: SEC EDGAR filing text and events; period Jul 10, 2026; filed Jul 10, 2026.
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