Highest-materiality recent filing
GAAP EPS $2.44, adjusted EPS $1.56; adjusted operating margin 8.8% vs prior year 13.3%.
Delta shareholders elect all 14 directors, approve say-on-pay, ratify EY
All 14 director nominees elected; highest vote count for Judith J. McKenna (516.3M) and lowest for David G. DeWalt (495.2M).
Delta enters $2.65B revolving credit facility, refinances existing credit agreement
$2.65B revolving facility split into $1.325B three-year and $1.325B five-year tranches, plus uncommitted standby LC facility.
Delta Q1 adj. EPS $0.64 in line; guides Q2 EPS $1.00-$1.50 on fuel headwinds
Non-GAAP EPS $0.64, revenue $14.2B (+9.4% YoY), operating margin 4.6%.
Delta raises Q1 revenue guidance to high single-digit growth; reaffirms earnings range
Revenue growth guidance raised to high single-digit YoY from initial +5-7% range for March quarter.
Delta announces leadership changes; Carter named President, Janki COO, Snell CFO
John Laughter, EVP Chief of Operations and President of Delta TechOps, retires effective April 30, 2026 after 30+ years.
Delta principal accounting officer Carroll to retire; McConnell appointed effective April 1
William C. Carroll, principal accounting officer, will retire effective March 31, 2026.
Delta orders 31 Airbus widebody aircraft (16 A330-900, 15 A350-900) for delivery starting 2029
Deliveries of the 31 firm aircraft begin in 2029; option for up to 20 additional widebody aircraft.
Delta Q4 GAAP EPS $1.86; orders 30 Boeing 787-10s; FY26 EPS guidance up 20%
Q4 GAAP revenue $16.0B, operating income $1.47B; adj. EPS $1.55; full-year adj. EPS $5.82.
Delta President Glen Hauenstein to retire Feb 28, 2026; Joe Esposito named Chief Commercial Officer
Glen Hauenstein will retire as President of Delta, effective February 28, 2026.
Delta expects $200M pretax hit from Nov. gov't shutdown; bookings recovering
Government shutdown cuts Dec. quarter pre-tax profit by ~$200M, ~$0.25 EPS.
Delta Q3 adjusted EPS $1.71 beats; record revenue; guides Dec Qtr adj EPS $1.60-$1.90
GAAP EPS $2.17, adjusted EPS $1.71 (up 14% YoY); adjusted revenue $15.2B (+4.1% YoY).
Delta refinances SkyMiles credit facility; extends maturity to 2028, reduces margin to 1.50%
Refinanced existing SkyMiles term loans with replacement loans at adjusted SOFR + 1.50% margin (floor 0.0%).
Delta reaffirms Q3 revenue growth guidance of 2-4% YoY; expects upper half of range
Reaffirms Sept. quarter total revenue growth up 2-4% YoY, upper half of initial guidance range.
Delta Q2 adj EPS $2.10, revenue record $15.5B; restores FY guidance, raises dividend 25%
GAAP EPS $3.27; adjusted EPS $2.10 vs $2.36 YoY; adjusted operating margin 13.2%.
Delta shareholders approve compensation plan amendment, elect all 14 directors
Approved amendment to Performance Compensation Plan: +9.6M authorized shares, plan extended to June 19, 2035 (450.7M for, 16.2M against).
Delta closes $2B debt offering: 4.95% notes due 2028 and 5.25% notes due 2030
Issued $1B of 4.950% Notes due July 2028 and $1B of 5.250% Notes due July 2030.
Delta, Korean Air to acquire 25% stake in WestJet for $550M from Onex Partners
Delta invests $330M for 15% stake; Korean Air invests $220M for 10% stake in WestJet.
Board authorized $1B share repurchase program, to be completed by June 30, 2028.
Delta appoints directors Beck, McKenna to Audit and Safety committees
Amendment to prior 8-Ks filed Dec 13, 2024 and Jan 15, 2025 regarding board elections.
Delta Q1 adjusted EPS $0.46, guides Q2 EPS $1.70-$2.30, cuts H2 capacity to flat
GAAP net income $240M ($0.37 EPS); adjusted net income $298M ($0.46 EPS). Adjusted revenue $13.0B, up 3.3% YoY.
Delta cuts Q1 2025 guidance: revenue growth 3-4% (from 7-9%), adjusted EPS $0.30-$0.50
Revised Q1 2025 guidance: revenue growth 3–4% (prev 7–9%), operating margin 4–5% (prev 6–8%).
Delta Air Lines elects Judith McKenna to board, effective Feb 7, 2025
Judith McKenna elected to Delta's board, effective February 7, 2025.
Delta Q4 2024 adjusted EPS $1.85; FY25 guidance EPS >$7.35, FCF >$4B
Adjusted December quarter EPS of $1.85, up 45% YoY; GAAP EPS $1.29.
Delta Air Lines elects Christophe Beck, Ecolab CEO, to board of directors
Election effective December 12, 2024; committee assignments to be determined later.
Delta unveils 3-5 yr financial framework: mid-teens margin, 10% EPS growth, $3-5B FCF
Long-term targets: mid-teens operating margin, 1x gross leverage, 10% avg annual EPS growth, $3-5B annual FCF, 15%+ ROIC.
Delta Q3 EPS $1.50 adj. ($1.97 GAAP); CrowdStrike outage cost $380M revenue hit, 45¢ EPS
GAAP net income $1.27B ($1.97/share); adjusted net income $971M ($1.50/share), down 26% YoY mainly due to CrowdStrike outage.
Delta updates Q3 2024 outlook; EPS at high-end of range ex-$0.45 IT outage hit
Q3 EPS, excluding $0.45 CrowdStrike outage impact, expected at high-end of initial guidance range.
Delta COO Michael Spanos to depart effective August 31, 2024
Michael Spanos, EVP and COO, to leave Delta effective August 31, 2024.
Delta estimates $500M+ damages from CrowdStrike outage; pursuing legal claims
7,000 flight cancellations over five days from July 19 CrowdStrike outage.
Record Jun quarter revenue of $15.4B (adj), up 5.4% YoY; adj EPS $2.36 vs $2.68 last year.
All 12 director nominees elected; Sergio Rial (53.1M against) and David DeWalt (43.9M against) received significant opposition.
Delta assigns new directors Black and Chiang to board committees
Maria Black appointed to Finance Committee and Safety & Security Committee.
Delta Air Lines elects Maria Black (ADP CEO) and Willie Chiang (Plains CEO) to board
Board elected Maria Black (President/CEO of ADP) and Willie Chiang (Chairman/CEO of Plains All American) effective April 26, 2024.
Delta March-quarter adjusted EPS $0.45, revenue $12.6B; Q2 guidance EPS $2.20-$2.50
Adjusted operating revenue $12.6B up 6% YoY; adjusted operating margin 5.1%.
Delta reaffirms FY24 and Q1 2024 guidance; sees Q1 revenue growth in top half of range
FY24 EPS guidance unchanged at $6-$7; free cash flow $3-4B; adjusted debt/EBITDAR 2x-3x.
Delta Q4 adj EPS $1.28, FY23 adj EPS $6.25; guides FY24 EPS $6-$7; orders 20 A350-1000
Q4 adjusted EPS $1.28 vs $1.48 a year ago; revenue $13.7B up 11% YoY.
Delta reaffirms Q4 and FY 2023 guidance at Morgan Stanley conference
Q4 2023: revenue +9-12% YoY, operating margin 9-11%, EPS $1.05-$1.30.
Delta Air Lines enters into $2.65B amended credit facility with $360M standby LC
New A&R Credit Facility includes $1.325B three-year revolver, $1.325B five-year revolver, and $360M standby letter of credit.
Delta issues $877.9M in special facilities bonds for LaGuardia redevelopment
NYTDC issued $877,855,000 Series 2023 bonds; Delta is obligated to pay debt service and guaranteed the bonds.
Delta reports record Q3 revenue; adjusted EPS $2.03; guides FY EPS $6.00-$6.25
Record Sep quarter adjusted revenue $14.6B (+13% YoY); adjusted EPS $2.03 (+35% YoY); GAAP EPS $1.72.
Delta Air Lines director George Mattson resigns to become Wheels Up CEO
George N. Mattson notified Delta on Oct 1, 2023 of his resignation from the board, effective the same day.
Delta Air Lines lowers Sep Q EPS guidance to $1.85-$2.05; reaffirms FY23 EPS $6-$7
Sep Q EPS guidance cut to $1.85-$2.05 from $2.20-$2.50; full-year EPS reaffirmed $6-$7.
Delta posts record Q2 revenue $15.6B, GAAP EPS $2.84; raises FY EPS guidance to $6-$7
Record GAAP revenue $15.6B; adjusted revenue $14.6B +19% YoY. GAAP EPS $2.84, adjusted EPS $2.68.
Delta holds 2023 Investor Day; presentation furnished as Exhibit 99.1
Delta Air Lines hosted its June 2023 Investor Day webcast on June 27, 2023.
Initial annual base salary of $650,000; cash signing bonus of $250,000.
Delta resumes quarterly dividend at $0.10/share after suspension since March 2020
Dividend of $0.10 per share declared; payable August 7, 2023 to holders of record July 17, 2023.
All 13 director nominees elected; George N. Mattson received 69.5M against votes.
Delta appoints Mike Spanos as COO effective June 12, 2023
Mike Spanos, former CEO of Six Flags and 25-year PepsiCo veteran, named COO.
Delta Air Lines elects Visa CFO Vasant Prabhu to board of directors
Vasant Prabhu elected to Delta's board effective April 27, 2023.
On January 15, 2025, the Board of Directors of Delta Air Lines, Inc. (“Delta”) elected Judith McKenna to Delta’s Board of Directors, effective February 7, 2025.
Delta Air Lines, Inc. (“Delta”) today announced that Michael Spanos, Delta’s Executive Vice President and Chief Operating Officer, will depart from the company effective as of August 31, 2024.
On April 25, 2024, the Board of Directors of Delta Air Lines, Inc. (“Delta”) elected Maria Black and Willie CW Chiang to Delta’s Board of Directors, effective April 26, 2024.
On April 25, 2024, the Board of Directors of Delta Air Lines, Inc. (“Delta”) elected Maria Black and Willie CW Chiang to Delta’s Board of Directors, effective April 26, 2024.
George N. Mattson, a member of the Board of Directors of Delta Air Lines, Inc. (“Delta”), notified Delta on October 1, 2023 of his decision to resign from the Board in order to devote his professional energies to Wheels Up Experience, Inc. (“Wheels Up”) as its incoming Chief Executive Officer.
announcing the appointment of Michael Spanos as the company’s Chief Operating Officer, effective June 12, 2023.
Delta Air Lines, Inc. (“Delta”) today announced the appointment of Michael Spanos, age 58, as the company’s Chief Operating Officer, effective June 12, 2023.
On April 27, 2023, the Board of Directors of Delta Air Lines, Inc. (“Delta”) elected Vasant Prabhu to Delta’s Board of Directors.
elected Leslie D. Hale and Greg Creed to Delta’s Board of Directors.
elected Leslie D. Hale and Greg Creed to Delta’s Board of Directors.
Max materiality 0.90 · Median 0.60 · Most common event earnings