secwatch.observer — SEC 8-K summary
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Issuer:     DELTA AIR LINES, INC. (DAL)
CIK:        0000027904
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001683168-23-000172
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27904/000168316823000172/0001683168-23-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27904/000168316823000172/delta_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-000172

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