---
schema_version: "secwatch.filing_event.v1"
accession: "0000027904-25-000018"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2025-10-09T23:59:59+00:00"
generated_at: "2026-05-17T04:15:19.770591+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Delta Q3 adjusted EPS $1.71 beats; record revenue; guides Dec Qtr adj EPS $1.60-$1.90

## Summary
- GAAP EPS $2.17, adjusted EPS $1.71 (up 14% YoY); adjusted revenue $15.2B (+4.1% YoY).
- December quarter outlook: operating margin 10.5%-12%, adj EPS $1.60-$1.90; FY adj EPS ~$6.
- Free cash flow outlook $3.5-$4B; adjusted net debt down $2.4B YTD to $15.6B.
- Premium revenue +9% YoY, loyalty +9%, AmEx remuneration $2B (+12%).
- Domestic passenger revenue +5% YoY; corporate sales +8% YoY.

## SEC filing metadata
- accession: 0000027904-25-000018
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2025-10-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27904/000002790425000018/0000027904-25-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000002790425000018/dal-20251009.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027904-25-000018
- JSON: https://secwatch.observer/filing/0000027904-25-000018.json
- Plain text: https://secwatch.observer/filing/0000027904-25-000018.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.