---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-000172"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:38:59.118162+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Delta Q4 adjusted EPS $1.48, revenue $12.3B; guides FY23 EPS $5-$6, FCF >$2B

## Summary
- Q4 adj EPS $1.48 vs guidance; adj op margin 11.6%; revenue up 8% vs 2019.
- Full year adj EPS $3.20; adj op income $3.6B; free cash flow $244M.
- FY23 outlook: EPS $5-$6, FCF >$2B, revenue +15-20% YoY, op margin 10-12%.
- American Express remuneration $5.5B for 2022 exceeded $5B target; co-brand spend up 45% vs 2019.
- Non-fuel unit costs expected to decline 2-4% in FY23; pilot agreement impact ~3 points.

## SEC filing metadata
- accession: 0001683168-23-000172
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2023-01-13T23:59:59+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/27904/000168316823000172/0001683168-23-000172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316823000172/delta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-000172
- JSON: https://secwatch.observer/filing/0001683168-23-000172.json
- Plain text: https://secwatch.observer/filing/0001683168-23-000172.txt

## Key facts
- Earnings Releases
  DELTA AIR LINES, INC. updated its the quarter ended December 31, 2022 guidance (reaffirmed).
  - Period: the quarter ended December 31, 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: Delta Air Lines, Inc. today issued a press release reporting financial results for the quarter ended December 31, 2022 and full year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823000172/0001683168-23-000172-index.htm

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