---
schema_version: "secwatch.filing_event.v1"
accession: "0000027904-26-000035"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2026-10-09T10:30:47+00:00"
generated_at: "2026-10-12T15:20:18.051470+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Delta Q3 adj EPS $1.72, revenue $17.6B up 16%; guides Q4 revenue +20%, FY2026 EPS $5.10-$5.60

## Summary
- Adjusted Q3 EPS $1.72 vs $1.70 a year ago; adjusted pre-tax income $1.5B, operating margin 9.4%; GAAP EPS $1.15 on $20.2B revenue.
- Q3 adjusted revenue $17.6B, +16% YoY on flat capacity; TRASM +15%, domestic unit revenue +16%, international +12% led by Latin +22%.
- Cost pressure: non-fuel CASM 14.03¢ (+7.3% YoY); adjusted fuel price $3.61/gal (+60%) with 13¢ refinery benefit; adjusted fuel expense $4.1B, +62%.
- Guidance: Q4 revenue +~20%, EPS $1.15-$1.65; FY2026 EPS $5.10-$5.60, free cash flow ~$2.5B, gross leverage ~2.2x; fuel assumed at $4.25/gal.
- Balance sheet: adjusted net debt $13.4B, down $950M from end-2025; $1.2B debt/lease payments in Q3; plans >$2B debt paydown in 2026; liquidity $6.9B.

## SEC filing metadata
- accession: 0000027904-26-000035
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2026-10-09T10:30:47+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27904/000002790426000035/0000027904-26-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000002790426000035/dal-20261009.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027904-26-000035
- JSON: https://secwatch.observer/filing/0000027904-26-000035.json
- Plain text: https://secwatch.observer/filing/0000027904-26-000035.txt

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