---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-003028"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:19:31.565000+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Delta Air Lines announces $1B share repurchase program; to return over $2B to shareholders through 2028

## Summary
- Board authorized $1B share repurchase program, to be completed by June 30, 2028.
- Combined with dividends, Delta plans to return over $2B to shareholders over next three years.
- Plan aligns with Nov 2024 Investor Day framework: long-term gross leverage target of 1x, unencumbered assets >$40B.
- Delta cites highest credit ratings in 30 years and strong cash flow generation as basis for authorization.
- Repurchases may be executed via open market, private transactions, block trades, or accelerated share repurchase.

## SEC filing metadata
- accession: 0001683168-25-003028
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27904/000168316825003028/0001683168-25-003028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316825003028/delta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-003028
- JSON: https://secwatch.observer/filing/0001683168-25-003028.json
- Plain text: https://secwatch.observer/filing/0001683168-25-003028.txt

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