8-K
filed July 13, 2023, 7:59 PM ET
ticker DAL
CIK 0000027904
earnings
confidence high
sentiment positive
materiality 0.85
Delta posts record Q2 revenue $15.6B, GAAP EPS $2.84; raises FY EPS guidance to $6-$7
DELTA AIR LINES, INC.
2023-Q2 EPS reported
$2.28
revenue$28,337,000,000
- Record GAAP revenue $15.6B; adjusted revenue $14.6B +19% YoY. GAAP EPS $2.84, adjusted EPS $2.68.
- Record GAAP operating income $2.5B; operating margin 16% GAAP / 17.1% adjusted.
- FY 2023 EPS outlook raised to $6-$7; Sep quarter guided EPS $2.20-$2.50 on record revenue.
- Free cash flow $1.1B; operating cash flow $2.6B. Repaid $1.8B debt; targeting >$4B debt retirement in 2023.
- Reinstated quarterly dividend; adjusted net debt reduced $2.5B from year-end 2022 to $19.8B.
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 FY 2023 results: EPS $6 - $7. Guidance raised.
- Period
- FY 2023
- EPS
- $6 - $7
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
id-teens operating margin and EPS of $2.20 - $2.50 Raising full year EPS outlook to $6 - $7 and reiterating free cash flow guide of $3 billion ATLANTA, July 13, 2023 – Delta Air Lines (NYSE: DAL) today
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
DELTA AIR LINES, INC. reported the quarter ended June 30, 2023 results: revenue $15.6 billion, EPS $2.84. Guidance raised.
- Period
- the quarter ended June 30, 2023
- Revenue
- $15.6 billion
- EPS
- $2.84
- Guidance
- raised
- Result
- reported results
Exact text from the filing
or $3 billion of free cash flow.” June Quarter 2023 GAAP Financial Results • Record operating revenue of $15.6 billion • Record operating income of $2.5 billion with an operating margin of 16.0 percent • Pre-tax income of $2.3 billion with a pre-tax margin of 14.9 percent • Earnings per share of $2.84 • Operating cash flow of $2.6 billion • Payments on debt and finance lease obligations of $1.8 billion • Total debt and finance lease obligations of $20.2 billion at quarter end June Quarter 2023 Adjusted Financial Results • Record operating revenue of $14.6 billion, 19 percent higher than the June quarter 2022 • Record operating income of $2.5 billion with an operating margin of 17.1 percent • Pre-tax income of $2.2 billion with a pre-tax margin of 15.2 percent • Earnings per share of $2.68 • Operating cash flow of $2.6 billion • Free cash flow of $1.1 billion • Adjusted net debt of $19.8
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
DELTA AIR LINES, INC. reported September quarter 2023 results: EPS $2.20 - $2.50. Guidance raised.
- Period
- September quarter 2023
- EPS
- $2.20 - $2.50
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Expect record September quarter revenue, mid-teens operating margin and EPS of $2.20 - $2.50
View on SEC.gov
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