secwatch.observer — SEC 8-K summary
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Issuer:     DELTA AIR LINES, INC. (DAL)
CIK:        0000027904
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001683168-26-001875
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delta raises Q1 revenue guidance to high single-digit growth; reaffirms earnings range
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- Revenue growth guidance raised to high single-digit YoY from initial +5-7% range for March quarter.
- MRO revenue expected to grow ~150% YoY in Q1, contributing ~2 pts to total revenue growth.
- Non-fuel unit costs guided up mid-single digits YoY to ~14.80-15.10 cents vs 14.23 cents prior year.
- 2025 free cash flow $4.6B, ROIC 12%, net leverage 1.9x; targets mid-teens margin and $3-5B annual FCF.
- AMEX remuneration reached $6.8B in 2025 on track to $10B; premium revenue hit $19B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27904/000168316826001875/0001683168-26-001875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27904/000168316826001875/delta_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-001875

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