secwatch.observer — SEC 8-K summary
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Issuer:     DELTA AIR LINES, INC. (DAL)
CIK:        0000027904
Form:       8-K
Filed at:   2026-04-08T23:59:59+00:00
Accession:  0000027904-26-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delta Q1 adj. EPS $0.64 in line; guides Q2 EPS $1.00-$1.50 on fuel headwinds
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- Non-GAAP EPS $0.64, revenue $14.2B (+9.4% YoY), operating margin 4.6%.
- GAAP net loss $289M ($0.44 loss) on third-party refinery sales and investment mark-to-market.
- June quarter guidance: revenue up low-teens YoY, EPS $1.00-$1.50, pre-tax profit ~$1B.
- Fuel price expected ~$4.30/gal in Q2 (vs $2.62 in Q1); refinery benefit ~$300M.
- Adjusted net debt $13.5B, below 2019; free cash flow $1.2B in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27904/000002790426000020/0000027904-26-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27904/000002790426000020/dal-20260408.htm
  HTML page:      https://secwatch.observer/filing/0000027904-26-000020

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