secwatch / observer

DELTA AIR LINES, INC. — fact timeline

Source-grounded facts extracted from DELTA AIR LINES, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

DAL DELTA AIR LINES, INC. JSON
Shareholder Votes

DELTA AIR LINES, INC. shareholders rejected Shareholder proposal requesting the adoption of cumulative voting for the election of directors at the 2026-06-18 meeting.

“5. The shareholders did not approve a shareholder proposal requesting the adoption of cumulative voting for the election of directors: For Against Abstain Broker Non-Votes 20,465,549 489,358,644 7,307,512 75,289,096”
Shareholder Votes

DELTA AIR LINES, INC. shareholders rejected Shareholder proposal requesting the ability for shareholders to act by written consent at the 2026-06-18 meeting.

“4. The shareholders did not approve a shareholder proposal requesting the ability for shareholders to act by written consent: For Against Abstain Broker Non-Votes 160,742,873 349,243,354 7,145,478 75,289,096”
Shareholder Votes

DELTA AIR LINES, INC. shareholders approved Ratification of appointment of Ernst & Young LLP as independent auditors for 2026 at the 2026-06-18 meeting.

“3. The shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent auditors for 2026: For Against Abstain Broker Non-Votes 567,469,129 24,576,694 374,978 Not Applicable”
Shareholder Votes

DELTA AIR LINES, INC. shareholders approved Advisory vote on executive compensation at the 2026-06-18 meeting.

“2. The shareholders approved the advisory vote on executive compensation: For Against Abstain Broker Non-Votes 503,418,157 13,127,616 585,932 75,289,096”
Shareholder Votes

DELTA AIR LINES, INC. shareholders approved Election of fourteen director nominees at the 2026-06-18 meeting.

“1. The shareholders elected all fourteen director nominees, each to serve as a member of the Company’s Board of Directors until the Company’s next annual meeting of shareholders and the election and qualification of his or her successor, or until such director’s earlier death, disqualification, resignation or removal: For Against Abstain Broker Non-Votes Edward H. Bastian 514,718,689 2,169,240 243,776 75,289,096 Christophe Beck 512,460,454 4,374,190 297,061 75,289,096 Maria Black 514,593,275 2,263,652 274,778 75,289,096 Willie CW Chiang 504,963,202 11,853,060 315,443 75,289,096 Greg Creed 510,093,374 6,716,384 321,947 75,289,096 David G. DeWalt 495,178,008 21,625,693 328,004 75,289,096 Leslie D. Hale 514,357,782 2,474,203 299,720 75,289,096 Christopher A. Hazleton 514,582,524 2,242,789 306,392 75,289,096 Michael P. Huerta 510,282,790 6,247,445 601,470 75,289,096 Judith J. McKenna 516,318,584 531,411 281,710 75,289,096 Vasant M. Prabhu 515,743,293 1,082,370 306,042 75,289,096 Sergio A.”
Debt Financings

DELTA AIR LINES, INC. incurred revolving credit of $2.650 billion revolving facility comprised of a $1.325 billion three-year tranche, a $1.325 billion five-year tranche with JPMorgan Chase Bank, N.A., as administrative agent at adjusted term SOFR, or another index rate, in each case plus a specified margin.

“The Credit Facility contains a $2.650 billion revolving facility comprised of a $1.325 billion three-year tranche, a $1.325 billion five-year tranche”
Material Agreements

DELTA AIR LINES, INC. entered into Credit Facility with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto valued at $2.650 billion (effective 2026-06-11).

“On June 11, 2026, Delta Air Lines, Inc. (“Delta,” “we,” “us” or “our”) entered into a credit agreement among Delta, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (the “Credit Facility”).”
Earnings Releases

DELTA AIR LINES, INC. updated its the quarter ended March 31, 2026 guidance (reaffirmed).

“Delta Air Lines, Inc. today issued a press release reporting financial results for the quarter ended March 31, 2026.”
Material Agreements

DELTA AIR LINES, INC. entered into Airbus A330-900 and A350-900 Aircraft Purchase Agreement with Airbus S.A.S. valued at 16 Airbus A330-900 aircraft and 15 Airbus A350-900 aircraft, with option to purchase up to an additi (effective 2026-01-27).

“On January 27, 2026, Delta Air Lines, Inc. (“Delta”) entered into a definitive agreement with Airbus S.A.S. to purchase 16 Airbus A330-900 aircraft and 15 Airbus A350-900 aircraft, with an option to purchase up to an additional 20 widebody aircraft.”
Material Agreements

DELTA AIR LINES, INC. entered into a asset purchase with The Boeing Company (effective 2026-01-12).

“On January 12, 2026, Delta Air Lines, Inc. (“Delta”) entered into a definitive agreement with The Boeing Company to acquire 30 Boeing 787-10 aircraft, with an option to purchase up to an additional 30 of the same aircraft.”
Debt Financings

DELTA AIR LINES, INC. amended term loan with Barclays Bank PLC at adjusted term SOFR (but not less than 0.0% per annum), plus a reduced margin of maturing October 20, 2028.

“Amendment No. 2 amends the SkyMiles Credit Facility to, among other things, (i) refinance the facility’s existing term loans with the proceeds of replacement term loans bearing interest at a variable rate equal to an adjusted term SOFR (but not less than 0.0% per annum), plus a reduced margin of 1.50% per annum, payable quarterly; (ii) extend the scheduled maturity of the facility from October 20, 2027 to October 20, 2028; (iii) reduce the amortization payments from 20.0% to 1.0% per year, payable quarterly; and (iv) add a prepayment premium of 1.00% payable in connection with a Repricing Event”

Judith McKenna was elected as Director at DELTA AIR LINES, INC..

“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.”

Michael Spanos departed as Executive Vice President and Chief Operating Officer at DELTA AIR LINES, INC..

“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.”

Willie CW Chiang was elected as Director at DELTA AIR LINES, INC..

“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.”

Maria Black was elected as Director at DELTA AIR LINES, INC..

“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.”
Earnings Releases

DELTA AIR LINES, INC. reported March Quarter 2024 results: revenue Operating revenue of $13.7 billion, EPS Earnings per share of $0.06.

“March Quarter 2024 GAAP Financial Results • Operating revenue of $13.7 billion • Operating income of $614 million with an operating margin of 4.5 percent • Pre-tax income of $122 million with a pre-tax margin of 0.9 percent • Earnings per share of $0.06”
Earnings Releases

DELTA AIR LINES, INC. reported quarter ended March 31, 2024 results: revenue Operating revenue of $13.7 billion, EPS Earnings per share of $0.06.

“confident in our full year targets for earnings of $6 to $7 per share and free cash flow of $3 to $4 billion." March Quarter 2024 GAAP Financial Results • Operating revenue of $13.7 billion • Operating income of $614 million with an operating margin of 4.5 percent • Pre-tax income of $122 million with a pre-tax margin of 0.9 percent • Earnings per share of $0.06 •”
Earnings Releases

DELTA AIR LINES, INC. reported financial results for full year 2023.

“Delta today issued a press release reporting financial results for the quarter ended December 31, 2023 and full year 2023.”
Earnings Releases

DELTA AIR LINES, INC. reported financial results for December quarter 2023.

“Delta today issued a press release reporting financial results for the quarter ended December 31, 2023 and full year 2023.”
Material Agreements

DELTA AIR LINES, INC. entered into Aircraft Purchase Agreement with Airbus S.A.S. valued at purchase 20 Airbus A350-1000 aircraft, with an option to purchase up to an additional 20 widebody ai (effective 2024-01-11).

“On January 11, 2024, Delta Air Lines, Inc. (“Delta”) entered into a definitive agreement with Airbus S.A.S. to purchase 20 Airbus A350-1000 aircraft, with an option to purchase up to an additional 20 widebody aircraft.”
Debt Financings

DELTA AIR LINES, INC. incurred credit facility of $1.325 billion three-year revolving facility, a $1.325 billion five-year revolving facility, and a $360,078,361.60 three with JPMorgan Chase Bank, N.A. at adjusted term SOFR, or another index rate, in each case plus a specified margin.

“collateral agent and the lenders party thereto and a separate increase joinder to the credit agreement (together, the “A&R Credit Facility”). The A&R Credit Facility contains a $1.325 billion three-year revolving facility, a $1.325 billion five-year revolving facility, and a $360,078,361.60 three-year standby letter of credit facility. Up to $250 million of each of”
Material Agreements

DELTA AIR LINES, INC. entered into A&R Credit Facility with JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent and the lenders party thereto (effective 2023-11-06).

“On November 6, 2023, Delta Air Lines, Inc. (“Delta,” “we,” “us” or “our”) entered into an amended and restated credit agreement among Delta, JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent and the lenders party thereto and a separate increase joinder to the credit agreement (together, the “A&R Credit Facility”).”
Debt Financings

DELTA AIR LINES, INC. incurred senior notes of $877,855,000 with New York Transportation Development Corporation at 6.000% and 5.625% maturing April 1, 2035 and April 1, 2040.

“On November 2, 2023, the New York Transportation Development Corporation (“NYTDC”) issued its Special Facilities Revenue Bonds, Series 2023 (Delta Air Lines, Inc. – LaGuardia Airport Terminals C&D Redevelopment Project), in the aggregate principal amount of $877,855,000 (the “2023 Bonds”).”
Earnings Releases

DELTA AIR LINES, INC. reported September quarter 2023 results: revenue $15.5 billion, EPS $1.72. Guidance reaffirmed.

“of 20 percent over 2022, and pre-tax earnings of over $5 billion, a near doubling over prior year earnings.” September Quarter 2023 GAAP Financial Results · Operating revenue of $15.5 billion · Operating income of $2.0 billion with an operating margin of 12.8 percent · Pre-tax income of $1.5 billion with a pre-tax margin of 9.8 percent · Earnings per share of $1.72 ·”

George N. Mattson resigned as Director at DELTA AIR LINES, INC..

“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.”
Earnings Releases

DELTA AIR LINES, INC. reported FY 2023 results: EPS $6 - $7. Guidance raised.

“id-teens operating margin and EPS of $2.20 - $2.50 Raising full year EPS outlook to $6 - $7 and reiterating free cash flow guide of $3 billion ATLANTA, July 13, 2023 – Delta Air Lines (NYSE: DAL) today”
Earnings Releases

DELTA AIR LINES, INC. reported September quarter 2023 results: EPS $2.20 - $2.50. Guidance raised.

“Expect record September quarter revenue, mid-teens operating margin and EPS of $2.20 - $2.50”
Earnings Releases

DELTA AIR LINES, INC. reported the quarter ended June 30, 2023 results: revenue $15.6 billion, EPS $2.84. Guidance raised.

“or $3 billion of free cash flow.” June Quarter 2023 GAAP Financial Results • Record operating revenue of $15.6 billion • Record operating income of $2.5 billion with an operating margin of 16.0 percent • Pre-tax income of $2.3 billion with a pre-tax margin of 14.9 percent • Earnings per share of $2.84 • Operating cash flow of $2.6 billion • Payments on debt and finance lease obligations of $1.8 billion • Total debt and finance lease obligations of $20.2 billion at quarter end June Quarter 2023 Adjusted Financial Results • Record operating revenue of $14.6 billion, 19 percent higher than the June quarter 2022 • Record operating income of $2.5 billion with an operating margin of 17.1 percent • Pre-tax income of $2.2 billion with a pre-tax margin of 15.2 percent • Earnings per share of $2.68 • Operating cash flow of $2.6 billion • Free cash flow of $1.1 billion • Adjusted net debt of $19.8”
Shareholder Votes

DELTA AIR LINES, INC. shareholders rejected Shareholder proposal requesting a freedom of association and collective bargaining policy at the 2023-06-15 meeting.

“6. The shareholders did not approve the adoption of a shareholder proposal requesting a freedom of association and collective bargaining policy: For Against Abstain Broker Non-Votes 125,002,912 258,299,951 2,636,352 123,860,524”
Shareholder Votes

DELTA AIR LINES, INC. shareholders approved Shareholder proposal requesting shareholder ratification of termination pay at the 2023-06-15 meeting.

“5. The shareholders approved the adoption of a shareholder proposal requesting shareholder ratification of termination pay: For Against Abstain Broker Non-Votes 230,002,829 154,951,085 985,301 123,860,524”
Shareholder Votes

DELTA AIR LINES, INC. shareholders approved Ratification of appointment of Ernst & Young LLP as independent auditors for 2023 at the 2023-06-15 meeting.

“4. The shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent auditors for 2023: For Against Abstain Broker Non-Votes 499,911,901 8,665,541 1,222,297 Not Applicable”
Shareholder Votes

DELTA AIR LINES, INC. shareholders approved Frequency of future advisory votes on executive compensation at the 2023-06-15 meeting.

“3. The shareholders recommended that the frequency of future advisory votes on executive compensation be every year: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 376,138,831 683,005 8,454,177 663,202 123,860,524”
Shareholder Votes

DELTA AIR LINES, INC. shareholders approved Advisory vote on executive compensation at the 2023-06-15 meeting.

“2. The shareholders approved the advisory vote on executive compensation: For Against Abstain Broker Non-Votes 364,403,176 20,518,287 1,017,752 123,860,524”
Shareholder Votes

DELTA AIR LINES, INC. shareholders approved Election of thirteen director nominees at the 2023-06-15 meeting.

“1. The shareholders elected all thirteen director nominees, each to serve as a member of the Company’s Board of Directors until the Company’s next annual meeting of shareholders and the election and qualification of his or her successor, or until such director’s earlier death, disqualification, resignation or removal: For Against Abstain Broker Non-Votes Edward H. Bastian 374,524,896 10,850,521 563,798 123,860,524 Greg Creed 372,535,475 12,628,215 775,525 123,860,524 David G. DeWalt 367,674,952 17,528,721 735,542 123,860,524 William H. Easter III 368,330,260 16,853,688 755,267 123,860,524 Leslie D. Hale 382,186,020 3,001,946 751,249 123,860,524 Christopher A. Hazleton 374,773,245 10,406,109 759,861 123,860,524 Michael P. Huerta 370,129,301 15,091,317 718,597 123,860,524 Jeanne P. Jackson 378,963,301 6,234,372 741,542 123,860,524 George N. Mattson 315,760,366 69,452,943 725,906 123,860,524 Vasant M. Prabhu 376,536,537 8,659,912 742,776 123,860,524 Sergio A. L. Rial 365,541,788 19,662,83”

Michael Spanos was appointed as Chief Operating Officer at DELTA AIR LINES, INC..

“announcing the appointment of Michael Spanos as the company’s Chief Operating Officer, effective June 12, 2023.”

Michael Spanos was appointed as Chief Operating Officer at DELTA AIR LINES, INC..

“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.”

Vasant Prabhu was elected as Director at DELTA AIR LINES, INC..

“On April 27, 2023, the Board of Directors of Delta Air Lines, Inc. (“Delta”) elected Vasant Prabhu to Delta’s Board of Directors.”
Earnings Releases

DELTA AIR LINES, INC. reported the quarter ended March 31, 2023 results: revenue $12.8 billion, EPS ($0.57). Guidance reaffirmed.

“20 percent year over year, earnings of $5 to $6 per share and free cash flow of over $2 billion,” Bastian said. March Quarter 2023 GAAP Financial Results • Operating revenue of $12.8 billion • Operating loss of $277 million with an operating margin of (2.2) percent • Pre-tax loss of $506 million with a pre-tax margin of (4) percent • EPS of ($0.57) • Operating cash”
Earnings Releases

DELTA AIR LINES, INC. updated its the quarter ended December 31, 2022 guidance (reaffirmed).

“Delta Air Lines, Inc. today issued a press release reporting financial results for the quarter ended December 31, 2022 and full year 2022.”
Governance Changes

DELTA AIR LINES, INC.: Amended Bylaws to update procedural mechanics for stockholder nominations of directors and reflect recent DGCL changes (effective 2022-12-07).

“On December 7, 2022, the Board of Directors of Delta Air Lines, Inc. (“Delta”) approved certain amendments to Delta’s Bylaws primarily to update the procedural mechanics for stockholder nominations of directors to address matters relating to Rule 14a-19 (“Rule 14a-19”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and to reflect certain recent changes to the Delaware General Corporation Law (the “DGCL”).”
Material Agreements

DELTA AIR LINES, INC. amended Amendment No. 3 with JPMorgan Chase Bank, N.A. valued at $1.325 billion (effective 2022-11-18).

“On November 18, 2022, Delta Air Lines, Inc. entered into an amendment (“Amendment No. 3”) to its existing revolving credit facility dated April 19, 2018, with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders party thereto (as previously amended, the “Amended Revolving Credit Facility”).”

Greg Creed was elected as Director at DELTA AIR LINES, INC..

“elected Leslie D. Hale and Greg Creed to Delta’s Board of Directors.”

Leslie D. Hale was elected as Director at DELTA AIR LINES, INC..

“elected Leslie D. Hale and Greg Creed to Delta’s Board of Directors.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.