---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-002353"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2025-04-09T23:59:59+00:00"
generated_at: "2026-05-23T18:38:29.361905+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Delta Q1 adjusted EPS $0.46, guides Q2 EPS $1.70-$2.30, cuts H2 capacity to flat

## Summary
- GAAP net income $240M ($0.37 EPS); adjusted net income $298M ($0.46 EPS). Adjusted revenue $13.0B, up 3.3% YoY.
- June quarter guidance: operating margin 11%-14%, EPS $1.70-$2.30, total revenue down 2% to up 2% YoY.
- Reducing H2 2025 capacity growth to flat YoY; full-year guidance withdrawn due to economic uncertainty.
- Record Amex remuneration $2.0B (+13% YoY); adjusted fuel price $2.45/gal (-11% YoY); adjusted net debt $16.9B.
- Expects to repay at least $3B debt in 2025; free cash flow $1.3B in Q1.

## SEC filing metadata
- accession: 0001683168-25-002353
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2025-04-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27904/000168316825002353/0001683168-25-002353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316825002353/delta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-002353
- JSON: https://secwatch.observer/filing/0001683168-25-002353.json
- Plain text: https://secwatch.observer/filing/0001683168-25-002353.txt

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