secwatch.observer — SEC 8-K summary
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Issuer:     DELTA AIR LINES, INC. (DAL)
CIK:        0000027904
Form:       8-K
Filed at:   2025-04-09T23:59:59+00:00
Accession:  0001683168-25-002353
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delta Q1 adjusted EPS $0.46, guides Q2 EPS $1.70-$2.30, cuts H2 capacity to flat
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- 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- Reducing H2 2025 capacity growth to flat YoY; full-year guidance withdrawn due to economic uncertainty.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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27904/000168316825002353/0001683168-25-002353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27904/000168316825002353/delta_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-002353

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