Source: Delta Air Lines

  • Delivered March quarter earnings in line with initial guidance on broad demand strength driving better-than-expected revenue performance
  • Guiding to low-teens revenue growth in the June quarter on flat capacity growth, reflecting strong demand momentum, meaningful capacity reductions, and rapid actions to recapture higher fuel
  • Expect June quarter pre-tax profit of around $1 billion, on a more than $2 billion increase in fuel expense at the forward curve 
  • Continuing to strengthen investment-grade balance sheet, with adjusted net debt below 2019 levels

Delta Air Lines has reported financial results for the March quarter and provided its outlook for the June quarter.

“Delta’s results underscore the power of our brand and the durability of our financial foundation,” said Ed Bastian, Delta’s Chief Executive Officer. “We delivered earnings that were more than 40% higher than last year, even with a significant increase in fuel costs and operational disruptions across the industry. Our results are powered by the Delta people, who will always be our greatest competitive advantage. In February, we celebrated $1.3 billion in profit‑sharing payouts, similar to last year and more than the rest of the industry combined.”

Bastian continued, “Demand remains strong, and we are taking actions to protect our margins and cash flow. This includes meaningfully reducing capacity growth, with a downward bias until the fuel environment improves, and moving quickly to recapture higher fuel costs. Delta is best positioned to navigate this environment, with a leading brand, strong financial foundation, and the benefit of our refinery. In the June quarter, we expect to lead the industry with $1 billion of profit. And while the recent fuel spike is currently impacting earnings, I’m confident this environment ultimately reinforces Delta’s leadership and accelerates long-term earnings power.”

March Quarter 2026 GAAP Financial Results

  • Operating revenue of $15.9 billion
  • Operating income of $501 million with an operating margin of 3.2%
  • Pre-tax loss of $214 million with a pre-tax margin of (1.4) %
  • Loss per share of ($0.44)
  • Operating cash flow of $2.4 billion

March Quarter 2026 Non-GAAP Financial Results

  • Operating revenue of $14.2 billion
  • Operating income of $652 million with an operating margin of 4.6 percent
  • Pre-tax income of $532 million with a pre-tax margin of 3.7 percent
  • Earnings per share of $0.64
  • Operating cash flow of $2.4 billion