Every 8-K that Delta Air Lines, Inc. (DAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow DAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DAL filings page.
Delta Air Lines reported strong June quarter 2026 demand with mixed profitability. GAAP operating revenue rose to $19.8 billion, up 19% year-over-year, and operating income was $1.9 billion for a 9.4% margin. GAAP pre-tax income was $2.0 billion and net income $1.6 billion, with diluted EPS of $2.44, down 25% from $3.27 a year earlier as fuel costs surged.
On an adjusted basis, operating revenue was $17.7 billion, operating income $1.6 billion (8.8% margin) and EPS $1.56, also down 26% year-over-year. Adjusted TRASM increased 12.4% and non-fuel unit costs (CASM-Ex) rose 6.8%. Fuel expense jumped 77%, with adjusted fuel price per gallon up to $3.93.
Delta generated adjusted operating cash flow of $1.7 billion and free cash flow of $209 million in the quarter, while cutting adjusted net debt to $13.6 billion. Management affirmed full-year 2026 guidance for adjusted EPS of $6.50–$7.50, free cash flow of $3–$4 billion and gross leverage of roughly 2x, and announced a 15% dividend increase beginning in the September quarter. September-quarter guidance calls for mid-teens revenue growth, an 11–13% operating margin and EPS of $2.00–$2.50.
Delta Air Lines reported the results of five shareholder proposals voted on at its 2026 Annual Meeting of Shareholders held on June 18, 2026. Shareholders elected 14 directors, including Edward H. Bastian, Judith J. McKenna and others, each receiving over 495 million votes in favor.
The filing also presents vote totals on four additional proposals described in Delta’s April 24, 2026 definitive proxy statement, showing detailed counts of votes for, against, abstentions and broker non-votes for each item.
Delta Air Lines entered into a new $2.650 billion revolving credit facility with JPMorgan Chase and other lenders, replacing its November 2023 facility. The new Credit Facility was undrawn at signing and will be used partly to refinance the prior agreement and for general corporate purposes.
The revolver includes a $1.325 billion three-year tranche, a $1.325 billion five-year tranche, and an uncommitted standby letter of credit facility, with up to $250 million of each tranche available for letters of credit. An accordion feature allows total commitments to increase to $3.65 billion, subject to conditions. Delta must maintain a Minimum Fixed Charge Coverage Ratio of 1.25:1 and a Minimum Asset Coverage Ratio of 1.25:1, and comply with customary covenants and events of default.
Delta Air Lines reported strong March quarter 2026 results, with record adjusted revenue and sharply higher underlying earnings despite fuel and investment headwinds. Adjusted operating revenue was $14.2 billion, up 9.4% year-over-year, and adjusted diluted EPS rose to $0.64, a 44% increase. On a GAAP basis, operating revenue was $15.9 billion and Delta posted a net loss of $289 million, or $0.44 per share, driven largely by a $550 million mark-to-market loss on investments.
The company generated adjusted pre-tax income of $532 million and an adjusted operating margin of 4.6%. Free cash flow was $1.2 billion, and adjusted net debt fell to $13.5 billion, below 2019 levels. For the June quarter, Delta expects total revenue up low-teens year-over-year, a 6%–8% operating margin, EPS of $1.00–$1.50 and around $1 billion of pre-tax profit, assuming a projected all-in fuel price of about $4.30 per gallon.
Delta Air Lines furnished an investor presentation for the J.P. Morgan Industrials Conference outlining its current environment, 2025 performance and multi‑year financial goals. Delta is raising its March-quarter revenue guidance on stronger demand, with domestic and international unit revenue growing mid‑single digits year over year and maintenance, repair and overhaul revenue projected to grow about 150%.
The company expects March-quarter non‑fuel unit costs to be up mid‑single digits year over year due to lower capacity and higher operating costs, but still expects earnings within its initial guidance range. For 2025, Delta reports differentiated performance versus U.S. peers, including $4.6 billion of free cash flow, a 12% return on invested capital and double‑digit margins, while peers collectively generated negative free cash flow and mid‑single‑digit ROIC.
Delta highlights more than $10 billion of free cash flow generated from 2023‑2025 and what it describes as the strongest balance sheet in its history, with net leverage of 1.9x in 2025 and a 2026 target of about 1.5x. Over the next three to five years, it is targeting mid‑teens operating margins, at least 15% ROIC, annual free cash flow of $3‑5 billion, gross leverage of about 1x and average annual earnings‑per‑share growth of roughly 10%, while allocating about half of operating cash flow to shareholder returns and half to growth investment.
Delta Air Lines is reshaping its senior leadership team as long-time executive John E. Laughter, the company’s Executive Vice President – Chief of Operations and President – Delta TechOps and designated principal operating officer, plans to retire effective April 30, 2026 after a more than 30-year career with the airline.
Effective April 1, 2026, Peter W. Carter will become President, Daniel C. Janki will move from Chief Financial Officer to Executive Vice President – Chief Operating Officer, and Erik S. Snell will become Executive Vice President – Chief Financial Officer. Carter currently oversees external affairs, Janki has led finance since 2021, and Snell most recently served as Chief Customer Experience Officer after a series of senior operational and planning roles.
Delta is also expanding Alain Bellemare’s remit as Executive Vice President and President – International by adding the role of Chairman of Delta TechOps, while Chief Marketing Officer Alicia Tillman will leave to pursue opportunities outside Delta and Ranjan Goswami will become Chief Marketing and Product Officer. All of Carter, Janki, Snell, and Goswami will report directly to CEO Ed Bastian.
Delta Air Lines, Inc. reported a planned leadership transition in its accounting function. William C. Carroll, the company’s principal accounting officer, will retire effective March 31, 2026. Julia A. McConnell, age 57, who joined Delta in March 2025, will become principal accounting officer effective April 1, 2026.
Before joining Delta, McConnell served as Senior Vice President and Chief Accounting Officer of WestRock Company from June 2020 to December 2024, and previously held finance leadership roles at Carter’s, PepsiCo and PricewaterhouseCoopers. The filing focuses on this succession in Delta’s senior accounting leadership rather than financial results.
Delta Air Lines has entered into a definitive agreement with Airbus S.A.S. to buy 16 Airbus A330-900 aircraft and 15 Airbus A350-900 aircraft, with an option for up to 20 additional widebody jets. Deliveries are scheduled to begin in 2029.
The A330-900s will use Rolls-Royce Trent 7000 engines, while the A350-900s will use Rolls-Royce Trent XWB-84 EP engines, aligning Delta’s long-haul fleet with next-generation widebody technology. Delta states that this order fits within its previously announced capital expenditure and capacity targets, and it has obtained long-term financing for a substantial portion of each aircraft’s purchase price.
Delta Air Lines entered into a material definitive agreement with The Boeing Company to acquire 30 Boeing 787-10 aircraft, with an option to purchase up to an additional 30 of the same model. The aircraft will use GEnx engines from General Electric, and deliveries are scheduled to begin in 2031. Delta states that this order fits within its previously announced capital expenditure and capacity targets, and it has secured long-term financing for a substantial portion of each aircraft’s purchase price.
Delta also released its financial results for the quarter ended December 31, 2025 and full year 2025, furnished through a press release and a supplemental information summary attached as exhibits. These materials provide further detail on the company’s recent performance but are not incorporated by reference into other SEC filings.
Delta Air Lines, Inc. reported that its President, Glen W. Hauenstein, has decided to retire from the company, effective February 28, 2026. Delta notes that he has notified the company of his decision to retire, and the announcement is further described in a Delta News Hub story titled “Delta President Glen Hauenstein to retire after storied career,” which is included as an exhibit to this report.
Delta Air Lines, Inc. is updating investors on current travel demand and the impact of the recent U.S. government shutdown. Executives report that demand remains healthy for the December quarter and trends are strong heading into early 2026, with growth in travel bookings returning to initial expectations after a temporary softening in November tied to the shutdown. The company expects the shutdown to reduce its December quarter pre-tax profitability by approximately $200 million, which it estimates equates to about 25 cents of earnings per share.
Delta Air Lines, Inc. furnished an 8-K to report that it issued a press release with financial results for the quarter ended September 30, 2025. The press release is included as Exhibit 99.1 to the filing and the company states that the furnished information, including Exhibit 99.1, is not incorporated by reference into other SEC filings. No financial figures, guidance, or other operational details are included in this notice.
Delta Air Lines, Inc. amended its SkyMiles term loan credit facility on September 30, 2025 through a new agreement with Barclays Bank PLC. The amendment refinances the existing term loans into replacement loans that bear interest at a variable rate equal to adjusted term SOFR, with a floor of 0.0% per year, plus a reduced margin of 1.50% per year, payable quarterly. The scheduled maturity of the SkyMiles Credit Facility is extended by one year from October 20, 2027 to October 20, 2028, and required principal amortization is reduced from 20.0% to 1.0% per year, also payable quarterly. A 1.00% prepayment premium now applies if a defined repricing event occurs within six months after September 30, 2025, and the company states there were no other material changes to the facility.
Delta Air Lines is reaffirming its earnings outlook for both the September 2025 quarter and full year 2025. The company expects September-quarter total revenue of $16.0–$16.3 billion, which represents growth of 2% to 4% over the prior year, driven by industry leading operational performance, improved demand trends and industry supply rationalization.
Delta also provides a non-GAAP view of its business by excluding third-party refinery sales from total revenue to better reflect airline operations. For the September 2025 quarter, this yields projected total revenue, adjusted of $14.9–$15.2 billion, compared with $14.59 billion for the quarter ended September 30, 2024. Third-party refinery sales, which relate to Delta’s Monroe refinery and are not part of its airline segment, are removed in this measure to improve comparability with other airlines.
Delta Air Lines, Inc. (NYSE: DAL) filed an 8-K to report the results of its 19 June 2025 Annual Meeting of Shareholders. The filing is governance-focused and contains no operating or earnings data.
Key outcomes:
- All 14 director nominees, including CEO Edward H. Bastian, were re-elected with strong majorities (≈455-466 million votes FOR each), with broker non-votes of 90.4 million.
- Shareholders delivered a 73 % FOR vote (445.4 m) on the non-binding “say-on-pay” executive compensation advisory proposal.
- The meeting approved the amendment and restatement of the Performance Compensation Plan (450.7 m FOR, 16.2 m AGAINST). The only changes are: (i) an additional 9.6 million shares authorized for equity awards and (ii) extension of the plan’s expiry from 10 June 2026 to 19 June 2035.
- Ernst & Young LLP was ratified as independent auditor for 2025 (552.2 m FOR; only 5.3 m AGAINST).
- A shareholder governance proposal to allow action by written consent failed (198.2 m FOR vs. 262.3 m AGAINST), leaving current meeting-only framework intact.
No other material events, transactions or financial metrics were reported. The incremental share authorization under the compensation plan represents potential dilution of roughly 1.5 % based on Delta’s ~650 million basic shares outstanding as of its latest filing.