---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-002326"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2023-04-13T23:59:59+00:00"
generated_at: "2026-06-17T02:49:22.038212+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-23-002326
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2023-04-13T23:59:59+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/27904/000168316823002326/0001683168-23-002326-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316823002326/delta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-002326
- JSON: https://secwatch.observer/filing/0001683168-23-002326.json
- Plain text: https://secwatch.observer/filing/0001683168-23-002326.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823002326/0001683168-23-002326-index.htm

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