Delta Air Lines, Inc. (DAL) stock
Close on Oct 30, 2026Market cap $52.71BP/E 16.0Yield 0.84%
Earnings
Delta Air Lines's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Quarterly results
Revenue and earnings per share from each of Delta Air Lines's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Jan 12, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 9, 2026before the open | $20.20B | +21.0% | $1.15 | $1.72 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 10, 2026before the open | $19.76B | +18.7% | $2.44 | $1.56 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 8, 2026before the open | $15.90B | +13.6% | -$0.44 | $0.64 | Release |
| Q4 FY2025ended Dec 31, 2025 | Jan 13, 2026before the open | – | – | – | – | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 9, 2025before the open | $16.70B | +6.4% | $2.17 | $1.71 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 10, 2025before the open | $16.65B | -0.3% | $3.27 | $2.10 | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 9, 2025before the open | $14.00B | +2.2% | $0.37 | $0.46 | Release |
| Q4 FY2024ended Dec 31, 2024 | Jan 10, 2025before the open | $15.60B | +9.9% | $1.29 | $1.85 | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 10, 2024before the open | $15.70B | +1.3% | $1.97 | $1.50 | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 11, 2024before the open | $16.70B | +7.1% | $2.01 | $2.36 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 10, 2024before the open | $13.70B | +7.0% | $0.06 | $0.45 | Release |
| Q4 FY2023ended Dec 31, 2023 | Jan 12, 2024before the open | $14.20B | +6.0% | $3.16 | $1.28 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 12, 2023before the open | $15.50B | +10.7% | $1.72 | $2.03 | Release |
| Q2 FY2023ended Jun 30, 2023 | Jul 13, 2023before the open | $15.60B | +13.0% | $2.84 | $2.68 | Release |
| Q1 FY2023ended Mar 31, 2023 | Apr 13, 2023before the open | $12.80B | +37.6% | -$0.57 | $0.25 | Release |
| Q4 FY2022ended Dec 31, 2022 | Jan 13, 2023before the open | $13.40B | +41.1% | $1.29 | $1.48 | Release |
| Q3 FY2022ended Sep 30, 2022 | Oct 13, 2022before the open | $14.00B | – | $1.08 | $1.51 | Release |
| Q2 FY2022ended Jun 30, 2022 | Jul 13, 2022before the open | $13.80B | – | $1.15 | $1.44 | Release |
| Q1 FY2022ended Mar 31, 2022 | Apr 13, 2022before the open | $9.30B | – | -$1.48 | -$1.23 | Release |
| Q4 FY2021ended Dec 31, 2021 | Jan 13, 2022before the open | $9.50B | – | -$0.64 | $0.22 | Release |
| Q3 FY2021ended Sep 30, 2021 | Oct 13, 2021before the open | – | – | – | – | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 14, 2021before the open | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | Apr 15, 2021before the open | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Jan 14, 2021before the open | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 13, 2020before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Delta Air Lines's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Earnings Per Sharenon-GAAP | FY2026 | $6.50 – $7.50 | – | New | Jul 10, 2026 |
| Free Cash Flow ($B)non-GAAP | FY2026 | $3.00B – $4.00B | – | New | Jul 10, 2026 |
| Gross Leveragenon-GAAP | FY2026 | 2 | – | New | Jul 10, 2026 |
Guidance vs results
The last range Delta Air Lines gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| Q3 FY2026 | Earnings Per Share | $2.00 – $2.50 | $1.72 | Below range |
| Q2 FY2026 | Earnings Per Share | $1.00 – $1.50 | $1.56 | Above range |
| Q3 FY2025 | Earnings Per Share | $1.25 – $1.75 | $1.71 | Within range |
| Q3 FY2025 | Revenue growth | 0% – +4% | +6.37% | Above range |
| Q1 FY2025 | Earnings Per Share | $0.70 – $1.00 | $0.46 | Below range |
| Q1 FY2025 | Revenue growth | +7% – +9% | +2.19% | Below range |
| Q4 FY2024 | Earnings Per Share | $1.60 – $1.85 | $1.85 | Within range |
| Q4 FY2024 | Revenue growth | +2% – +4% | +9.86% | Above range |
| Q3 FY2024 | Earnings Per Share | $1.70 – $2.00 | $1.50 | Below range |
| Q3 FY2024 | Revenue growth | +2% – +4% | +1.29% | Below range |
| Q2 FY2024 | Earnings Per Share | $2.20 – $2.50 | $2.36 | Within range |
| Q2 FY2024 | Revenue growth | +5% – +7% | +7.05% | Above range |
| Q1 FY2024 | Earnings Per Share | $0.25 – $0.50 | $0.45 | Within range |
| Q1 FY2024 | Revenue growth | +3% – +6% | +7.03% | Above range |
| Q4 FY2023 | Earnings Per Share | $1.05 – $1.30 | $1.28 | Within range |
| Q4 FY2023 | Revenue growth | +9% – +12% | +5.97% | Below range |
| Q3 FY2023 | Earnings Per Share | $2.20 – $2.50 | $2.03 | Below range |
| Q3 FY2023 | Revenue growth | +11% – +14% | +10.71% | Below range |
| Q2 FY2023 | earnings per share | $2.00 – $2.25 | $2.68 | Above range |
| Q2 FY2023 | Revenue growth | +15% – +17% | +13.04% | Below range |
| Q1 FY2023 | Earnings Per Share | $0.15 – $0.40 | $0.25 | Within range |
| Q1 FY2023 | Revenue growth | +14% – +17% | +37.63% | Above range |
| Q4 FY2022 | Earnings Per Share | $1.00 – $1.25 | $1.48 | Above range |
| Q4 FY2022 | Revenue growth | +5% – +9% | +41.05% | Above range |
Guidance history
Every forecast Delta Air Lines put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Jul 10, 2026 | Earnings Per Share | FY2026 | $6.50 – $7.50 | New |
| Jul 10, 2026 | Earnings Per Share | Q3 FY2026 | $2.00 – $2.50 | New |
| Jul 10, 2026 | Free Cash Flow ($B) | FY2026 | $3.00B – $4.00B | New |
| Jul 10, 2026 | Operating Margin | Q3 FY2026 | 11% – 13% | New |
| Jul 10, 2026 | Gross Leverage | FY2026 | 2 | New |
| Apr 8, 2026 | Earnings Per Share | Q2 FY2026 | $1.00 – $1.50 | New |
| Apr 8, 2026 | Operating Margin | Q2 FY2026 | 6% – 8% | New |
| Apr 8, 2026 | pre-tax profit | Q2 FY2026 | $1.00B | New |
| Oct 9, 2025 | adjusted EPS | FY2025 | $6.00 | Narrowed |
| Oct 9, 2025 | adjusted EPS | Q4 FY2025 | $1.60 – $1.90 | New |
| Oct 9, 2025 | Free Cash Flow | FY2025 | $3.50B – $4.00B | Raised |
| Oct 9, 2025 | operating margin | Q4 FY2025 | 10.5% – 12% | New |
| Oct 9, 2025 | Total Revenue YoY | Q4 FY2025 | +2% – +4% | New |
| Jul 10, 2025 | Earnings Per Share | FY2025 | $5.25 – $6.25 | New |
| Jul 10, 2025 | Earnings Per Share | Q3 FY2025 | $1.25 – $1.75 | New |
| Jul 10, 2025 | Free Cash Flow ($B) | FY2025 | $3.00B – $4.00B | New |
| Jul 10, 2025 | Operating Margin | Q3 FY2025 | 9% – 11% | New |
| Jul 10, 2025 | Total Revenue YoY | Q3 FY2025 | 0% – +4% | New |
| Apr 9, 2025 | profitability | Q2 FY2025 | $1.50B – $2.00B | New |
| Apr 9, 2025 | repay debt | FY2025 | $3.00B | New |
| Jan 10, 2025 | Earnings Per Share | Q1 FY2025 | $0.70 – $1.00 | New |
| Jan 10, 2025 | earnings per share | FY2025 | $7.35 | New |
| Jan 10, 2025 | free cash flow | FY2025 | $4.00B | New |
| Jan 10, 2025 | Total Revenue YoY | Q1 FY2025 | +7% – +9% | New |
| Oct 10, 2024 | Earnings Per Share | Q4 FY2024 | $1.60 – $1.85 | New |
| Oct 10, 2024 | Operating Margin | Q4 FY2024 | 11% – 13% | New |
| Oct 10, 2024 | Total Revenue YoY | Q4 FY2024 | +2% – +4% | New |
| Jul 11, 2024 | Earnings Per Share | Q3 FY2024 | $1.70 – $2.00 | New |
| Jul 11, 2024 | Earnings Per Share | FY2024 | $6.00 – $7.00 | Reaffirmed |
| Jul 11, 2024 | Free Cash Flow ($B) | FY2024 | $3.00B – $4.00B | Reaffirmed |
| Jul 11, 2024 | Operating Margin | Q3 FY2024 | 11% – 13% | New |
| Jul 11, 2024 | Adjusted Debt to EBITDAR | FY2024 | 2 – 3 | Reaffirmed |
| Jul 11, 2024 | Total Revenue YoY | Q3 FY2024 | +2% – +4% | New |
| Apr 10, 2024 | Earnings Per Share | Q2 FY2024 | $2.20 – $2.50 | New |
| Apr 10, 2024 | Earnings Per Share | FY2024 | $6.00 – $7.00 | Reaffirmed |
| Apr 10, 2024 | Free Cash Flow ($B) | FY2024 | $3.00B – $4.00B | Reaffirmed |
| Apr 10, 2024 | Operating Margin | Q2 FY2024 | 14% – 15% | New |
| Apr 10, 2024 | Adjusted Debt to EBITDAR | FY2024 | 2 – 3 | Reaffirmed |
| Apr 10, 2024 | Total Revenue YoY | Q2 FY2024 | +5% – +7% | New |
| Jan 12, 2024 | Earnings Per Share | Q1 FY2024 | $0.25 – $0.50 | New |
| Jan 12, 2024 | Earnings Per Share | FY2024 | $6.00 – $7.00 | New |
| Jan 12, 2024 | Free Cash Flow ($B) | FY2024 | $3.00B – $4.00B | New |
| Jan 12, 2024 | Operating Margin | Q1 FY2024 | 5% | New |
| Jan 12, 2024 | Adjusted Debt to EBITDAR | FY2024 | 2 – 3 | New |
| Jan 12, 2024 | Total Revenue YoY | Q1 FY2024 | +3% – +6% | New |
| Oct 12, 2023 | Earnings Per Share | Q4 FY2023 | $1.05 – $1.30 | New |
| Oct 12, 2023 | Earnings Per Share | FY2023 | $6.00 – $6.25 | Lowered |
| Oct 12, 2023 | free cash flow | FY2023 | $2.00B | Lowered |
| Oct 12, 2023 | Operating Margin | Q4 FY2023 | 9% – 11% | New |
| Oct 12, 2023 | Operating Margin | FY2023 | 11.5% | Narrowed |
| Oct 12, 2023 | Total Revenue YoY | Q4 FY2023 | +9% – +12% | New |
| Oct 12, 2023 | Total Revenue YoY | FY2023 | +20% | Raised |
| Jul 13, 2023 | Earnings Per Share | Q3 FY2023 | $2.20 – $2.50 | New |
| Jul 13, 2023 | Earnings Per Share | FY2023 | $6.00 – $7.00 | Raised |
| Jul 13, 2023 | free cash flow | FY2023 | $3.00B | Raised |
| Jul 13, 2023 | Total Revenue YoY | Q3 FY2023 | +11% – +14% | New |
| Jul 13, 2023 | Total Revenue YoY | FY2023 | +17% – +20% | Raised |
| Apr 13, 2023 | earnings per share | Q2 FY2023 | $2.00 – $2.25 | New |
| Apr 13, 2023 | earnings | FY2023 | $5.00 – $6.00 | Reaffirmed |
| Apr 13, 2023 | free cash flow | FY2023 | $2.00B | New |
| Apr 13, 2023 | adjusted operating margin | Q2 FY2023 | 14% – 16% | New |
| Apr 13, 2023 | operating margins | FY2023 | 10% – 12% | Reaffirmed |
| Apr 13, 2023 | revenue | Q2 FY2023 | +15% – +17% | New |
| Apr 13, 2023 | revenue growth | FY2023 | +15% – +20% | Reaffirmed |
| Jan 13, 2023 | Earnings Per Share | Q1 FY2023 | $0.15 – $0.40 | New |
| Jan 13, 2023 | Earnings Per Share | FY2023 | $5.00 – $6.00 | New |
| Jan 13, 2023 | Operating Margin | Q1 FY2023 | 4% – 6% | New |
| Jan 13, 2023 | Operating Margin | FY2023 | 10% – 12% | New |
| Jan 13, 2023 | Total Revenue | Q1 FY2023 | +14% – +17% | New |
| Jan 13, 2023 | Total Revenue | FY2023 | +15% – +20% | New |
| Oct 13, 2022 | Earnings Per Share | Q4 FY2022 | $1.00 – $1.25 | New |
| Oct 13, 2022 | Operating Margin | Q4 FY2022 | 9% – 11% | New |
| Oct 13, 2022 | Adjusted Net Debt | Q4 FY2022 | $22.50B | New |
| Oct 13, 2022 | Total Revenue | Q4 FY2022 | +5% – +9% | New |
| Jul 13, 2022 | Gross Capital Expenditures | Q3 FY2022 | $1.80B | New |
| Jul 13, 2022 | Operating Margin | Q3 FY2022 | 11% – 13% | New |
| Jul 13, 2022 | Capacity | Q3 FY2022 | -17% – -15% | New |
| Jul 13, 2022 | CASM-Ex | Q3 FY2022 | +22% | New |
| Jul 13, 2022 | Adjusted Net Debt | Q3 FY2022 | $20.00B | New |
| Jul 13, 2022 | Fuel Price ($/gal) | Q3 FY2022 | $3 – $4 | Lowered |
| Jul 13, 2022 | Total Revenue | Q3 FY2022 | +1% – +5% | New |
| Apr 13, 2022 | Gross Capital Expenditures | Q2 FY2022 | $1.20B | New |
| Apr 13, 2022 | Operating Margin | Q2 FY2022 | 12% – 14% | New |
| Apr 13, 2022 | Capacity | Q2 FY2022 | 84% | New |
| Apr 13, 2022 | CASM-Ex | Q2 FY2022 | +17% | New |
| Apr 13, 2022 | Fuel Price ($/gal) | Q2 FY2022 | $3 – $3 | New |
| Apr 13, 2022 | Adjusted Net Debt | Q2 FY2022 | $20.00B | Raised |
| Apr 13, 2022 | Total Revenue | Q2 FY2022 | 93% – 97% | New |
| Jan 13, 2022 | Gross Capital Expenditures | Q1 FY2022 | $1.60B | New |
| Jan 13, 2022 | CASM-Ex | Q1 FY2022 | +15% | New |
| Jan 13, 2022 | Fuel Price ($/gal) | Q1 FY2022 | $2 – $3 | New |
| Jan 13, 2022 | Adjusted Net Debt | Q1 FY2022 | $22.00B | Raised |
| Jan 13, 2022 | Capacity | Q1 FY2022 | 83% – 85% | New |
| Jan 13, 2022 | Total Revenue | Q1 FY2022 | 72% – 76% | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Delta Air Lines filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Update
- Results
- Results
- Results
- Results
- Update
- Results
- Update
- Results
- Update
- Update
- Results