Delta Q1 adjusted EPS $0.25, revenue $11.8B; expects record June quarter revenue

DELTA AIR LINES, INC.

2023-Q1 EPS reported -$0.57 revenue$12,759,000,000

GAAP: net loss $363M ($0.57 loss per share); adjusted net income $163M ($0.25 EPS).
Adjusted operating revenue $11.8B, up 45% YoY; operating margin 4.6%.
Record March quarter operating cash flow $2.9B; free cash flow $1.9B; debt repayment $1.2B.
June quarter guidance: record revenue, operating margin 14-16%, EPS $2.00-$2.25.
Full-year 2023 guidance: EPS $5-$6, free cash flow >$2B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DELTA AIR LINES, INC. reported the quarter ended March 31, 2023 results: revenue $12.8 billion, EPS ($0.57). Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $12.8 billion
EPS: ($0.57)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

20 percent year over year, earnings of $5 to $6 per share and free cash flow of over $2 billion,” Bastian said. March Quarter 2023 GAAP Financial Results • Operating revenue of $12.8 billion • Operating loss of $277 million with an operating margin of (2.2) percent • Pre-tax loss of $506 million with a pre-tax margin of (4) percent • EPS of ($0.57) • Operating cash

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Source: SEC EDGAR

accession 0001683168-23-002326

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