secwatch.observer — SEC 8-K summary
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Issuer:     DELTA AIR LINES, INC. (DAL)
CIK:        0000027904
Form:       8-K
Filed at:   2024-10-10T23:59:59+00:00
Accession:  0001683168-24-007033
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delta Q3 EPS $1.50 adj. ($1.97 GAAP); CrowdStrike outage cost $380M revenue hit, 45¢ EPS
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- GAAP net income $1.27B ($1.97/share); adjusted net income $971M ($1.50/share), down 26% YoY mainly due to CrowdStrike outage.
- Adjusted operating revenue $14.6B (flat YoY); total unit revenue down 3.6% including 1.1pt outage hit.
- December quarter guidance: revenue +2-4% YoY, operating margin 11-13%, EPS $1.60-$1.85, pre-tax profit growth ~30% YoY.
- CrowdStrike outage impact: $380M revenue loss, $170M non-fuel expense, 7,000 flight cancellations; 2.3pt margin hit.
- Debt reduction $2.4B YTD; adjusted net debt $18.7B; Fitch upgrade to investment grade. Total debt $17.7B at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27904/000168316824007033/0001683168-24-007033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27904/000168316824007033/delta_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-007033

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