Delta reports record Q3 revenue; adjusted EPS $2.03; guides FY EPS $6.00-$6.25

DELTA AIR LINES, INC.

2023-Q3 EPS reported $4.00 revenue$43,825,000,000

Record Sep quarter adjusted revenue $14.6B (+13% YoY); adjusted EPS $2.03 (+35% YoY); GAAP EPS $1.72.
Full-year FY23 guidance: revenue growth ~20% YoY, operating margin ~11.5%, adjusted EPS $6.00-$6.25, free cash flow $2B.
S&P upgraded Delta credit rating to BB+ with positive outlook; adjusted net debt $20.2B, down $2.1B from end of 2022.
Dec quarter outlook: revenue up 9-12% YoY, operating margin 9-11%, EPS $1.05-$1.30.
Balance sheet: repaid $3.7B debt YTD; expects >$4B for full year; free cash flow negative $250M in Q3.

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 0.85

DELTA AIR LINES, INC. reported September quarter 2023 results: revenue $15.5 billion, EPS $1.72. Guidance reaffirmed.

Period: September quarter 2023
Revenue: $15.5 billion
EPS: $1.72
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of 20 percent over 2022, and pre-tax earnings of over $5 billion, a near doubling over prior year earnings.” September Quarter 2023 GAAP Financial Results · Operating revenue of $15.5 billion · Operating income of $2.0 billion with an operating margin of 12.8 percent · Pre-tax income of $1.5 billion with a pre-tax margin of 9.8 percent · Earnings per share of $1.72 ·

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Source: SEC EDGAR

accession 0001683168-23-007072

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