---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-005002"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2025-07-10T23:59:59+00:00"
generated_at: "2026-05-18T08:48:28.678644+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Delta Q2 adj EPS $2.10, revenue record $15.5B; restores FY guidance, raises dividend 25%

## Summary
- GAAP EPS $3.27; adjusted EPS $2.10 vs $2.36 YoY; adjusted operating margin 13.2%.
- Record adjusted revenue $15.5B (+1% YoY) on 4% capacity growth; TRASM down 3%.
- September quarter guidance: EPS $1.25-$1.75, operating margin 9%-11%, revenue flat to +4% YoY.
- Full year 2025 guidance restored: EPS $5.25-$6.25, free cash flow $3-$4 billion.
- Quarterly dividend increased 25% starting September quarter; $2B free cash flow in H1 2025.

## SEC filing metadata
- accession: 0001683168-25-005002
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2025-07-10T23:59:59+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/27904/000168316825005002/0001683168-25-005002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316825005002/delta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-005002
- JSON: https://secwatch.observer/filing/0001683168-25-005002.json
- Plain text: https://secwatch.observer/filing/0001683168-25-005002.txt

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