secwatch.observer — SEC 8-K summary
======================================

Issuer:     DELTA AIR LINES, INC. (DAL)
CIK:        0000027904
Form:       8-K
Filed at:   2026-01-13T23:59:59+00:00
Accession:  0000027904-26-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delta Q4 GAAP EPS $1.86; orders 30 Boeing 787-10s; FY26 EPS guidance up 20%
---------------------------------------------------------------------------

- Q4 GAAP revenue $16.0B, operating income $1.47B; adj. EPS $1.55; full-year adj. EPS $5.82.
- FY26 EPS guidance $6.50-$7.50 (midpoint +20% YoY); 1Q26 revenue growth 5-7% vs prior year.
- Agreement to purchase 30 Boeing 787-10 aircraft plus 30 options; deliveries start 2031; GEnx engines; financing secured.
- FY25 record revenue $58.3B (adj.), free cash flow $4.6B; FY26 free cash flow forecast $3-$4B; gross leverage 2.4x.
- MRO revenue grew 25% in FY25; expects >20% growth in FY26; reporting changes separate MRO from core unit costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27904/000002790426000008/0000027904-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27904/000002790426000008/dal-20260112.htm
  HTML page:      https://secwatch.observer/filing/0000027904-26-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer