secwatch.observer — SEC 8-K summary
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Issuer:     DELTA AIR LINES, INC. (DAL)
CIK:        0000027904
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0001683168-23-004828
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27904/000168316823004828/0001683168-23-004828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27904/000168316823004828/delta_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004828

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