---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-004828"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T09:03:33.547796+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Delta posts record Q2 revenue $15.6B, GAAP EPS $2.84; raises FY EPS guidance to $6-$7

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-23-004828
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2023-07-13T23:59:59+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/27904/000168316823004828/0001683168-23-004828-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316823004828/delta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-004828
- JSON: https://secwatch.observer/filing/0001683168-23-004828.json
- Plain text: https://secwatch.observer/filing/0001683168-23-004828.txt

## Key facts
- Earnings Releases
  DELTA AIR LINES, INC. reported FY 2023 results: EPS $6 - $7. Guidance raised.
  - Period: FY 2023
  - EPS: $6 - $7
  - Guidance: raised
  - Result: guidance update
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823004828/0001683168-23-004828-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823004828/0001683168-23-004828-index.htm
- Earnings Releases
  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
  source text: Expect record September quarter revenue, mid-teens operating margin and EPS of $2.20 - $2.50
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823004828/0001683168-23-004828-index.htm

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