Delta Air Lines filings document the regulatory record for its NYSE-listed common stock, airline operations, governance and material corporate events. Recent Form 8-K reports furnish quarterly financial results, investor-presentation materials, executive officer changes and definitive agreements related to aircraft purchases and long-term financing.
The company's proxy materials describe annual meeting proposals, director elections, advisory votes on executive compensation and board recommendations. These disclosures connect Delta's public-company governance with capital allocation, fleet planning, operating performance and executive-compensation oversight.
Delta Air Lines, Inc. (DAL) reported third-quarter operating revenue of $20.186 billion, up 21% from $16.673 billion a year earlier, including passenger revenue of $15.534 billion. Operating expenses rose 25% to $18.732 billion, with aircraft fuel and related taxes up 69% to $4.351 billion. Operating income was $1.454 billion, down $230 million, and net income was $756 million versus $1.417 billion; diluted earnings per share were $1.15 versus $2.17. Delta attributed higher non-operating expense mainly to investment losses, compared with gains a year earlier.
Operating activities generated $1.713 billion in cash during the quarter, and quarter-end liquidity was $6.9 billion. For the first nine months, debt and finance lease repayment cash outflows were $3.3 billion, including $2.3 billion in early repayments; those obligations declined net $1.3 billion. Delta said its refinery returned to normal production levels by quarter-end after an outage beginning in mid-June, and it expects the refinery to return to profitability in the December 2026 quarter. Aircraft purchase commitments totaled $26.710 billion as of September 30, 2026, with timing uncertain due to supply-chain, manufacturing and regulatory constraints.
Delta Air Lines (DAL) reported September-quarter GAAP operating revenue of $20.186 billion, up 21% year over year, while GAAP net income fell 47% to $756 million and diluted EPS declined to $1.15 from $2.17. On an adjusted, non-GAAP basis, revenue was $17.585 billion, up 16%, and diluted EPS was $1.72 versus $1.70.
Adjusted operating income was $1.662 billion, down 2%, and free cash flow was $463 million versus $833 million a year earlier. Delta cited broad demand strength; adjusted non-fuel unit cost (CASM-Ex) increased 7.3%, and adjusted fuel expense rose 62% to $4.143 billion.
Management expects December-quarter revenue growth of approximately 20% and EPS of $1.15 to $1.65. Guidance assumes an all-in fuel price of approximately $4.25 per gallon and includes a refinery benefit of approximately $0.40 per gallon. For full-year 2026, Delta expects EPS of $5.10 to $5.60 and free cash flow of approximately $2.5 billion, and plans to pay down more than $2 billion of debt.
Delta Air Lines, Inc. reports that Warren E. Buffett, Berkshire Hathaway Inc., and National Indemnity Company have jointly filed an amended Schedule 13G stating beneficial ownership of 57,320,000 shares of Delta common stock, par value $0.0001, as of June 30, 2026.
For each reporting person, the filing lists 0 shares with sole voting or dispositive power and 57,320,000 shares with shared voting and shared dispositive power, representing 8.7% of Delta’s outstanding common stock.
Delta Air Lines, Inc. filed a quarterly institutional holdings report as an investment manager under Form 13F. The filing states that all holdings for this reporting manager are included in this report as a 13F Holdings Report, with no other managers involved.
The report lists 3 information table entries with an aggregate reported value of $390,520,618 (rounded to the nearest dollar). No other institutional managers are included, and the report is signed by President Peter W. Carter, based in Atlanta, Georgia.
Delta Air Lines, Inc. director Michael P. Huerta reported an open-market sale of 3,100 shares of Common Stock on August 5, 2026 at a weighted average price of $94.115 per share, executed in two broker-dealer trades between $94.115 and $94.120. Following the sale, he directly holds 32,525 shares.
BELLEMARE ALAIN reported disposition transactions in this Form 4 filing.
DELTA AIR LINES, INC. executive Alain Bellemare, EVP & President – International, reported an exercise of 35,000 Employee Stock Options (right to buy) into Common Stock at an exercise price of $39.78 per share on 2026-08-04.
After this derivative exercise, he beneficially owned 33,060 derivative securities. The amended report states it is filed solely to correct a typographical error in the column showing derivative securities beneficially owned following the transaction; the option is currently exercisable.
Delta Air Lines executive Steven M. Sear, EVP - Global Sales & Distrib, exercised an Employee Stock Option for 40,460 shares of common stock at an exercise price of $51.23 per share on 2026-08-05, eliminating that option position. He then sold 40,460 common shares at a weighted average price of $93.553 per share in multiple broker-mediated trades at prices ranging from $93.530 to $93.610 per share. The Rule 10b5-1 plan checkbox was not marked as applying to these transactions.
Delta Air Lines, Inc. has a significant institutional shareholder position reported by FMR LLC. FMR LLC reports beneficial ownership of 33,187,319.70 shares of Delta common stock, representing 5.1% of the class, with sole dispositive power over all of these shares and sole voting power over 29,607,344.53 shares. Abigail P. Johnson is reported as having sole dispositive power over the same 33,187,319.70 shares, also representing 5.1% of Delta’s common stock. One or more other persons have rights to dividends or sale proceeds tied to these shares, but no single other person holds more than five percent of the outstanding common stock.
Delta Air Lines, Inc. President Peter W. Carter exercised employee stock options for 39,900 shares of common stock at $49.33 per share, eliminating this option position. He then sold 39,900 shares on August 4, 2026 at a weighted average price of $92.981 per share in multiple broker-dealer transactions priced between $92.740 and $93.300.
Delta Air Lines executive Alain Bellemare, EVP & Pres. – International, exercised an employee stock option for 35,000 shares of common stock at an exercise price of $39.7800 per share and sold 35,000 shares at a weighted average price of $92.7190 per share in broker-dealer transactions ranging from $92.500 to $93.160.