---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-007072"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T01:19:02.686990+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-23-007072
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27904/000168316823007072/0001683168-23-007072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316823007072/delta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-007072
- JSON: https://secwatch.observer/filing/0001683168-23-007072.json
- Plain text: https://secwatch.observer/filing/0001683168-23-007072.txt

## Key facts
- Earnings Releases
  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
  source text: 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 ·
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823007072/0001683168-23-007072-index.htm

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