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Delta Air Lines (DAL)
NYSE:DAL
Earnings Data
Report Date
Apr 15, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.7Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong full-year financials (record revenue, double-digit operating margin), exceptional free cash flow generation and loyalty/co-brand momentum, alongside bullish near-term demand signals and a clear 2026 outlook (EPS growth, revenue guidance, fleet investments). Notable challenges were discussed but framed as manageable: government shutdown impacts, short-term nonfuel CASM pressures, main-cabin demand not yet recovered, and operational recoverability work. On balance, the company's positive financial results, cash generation, diversified revenue mix, and constructive outlook outweigh the highlighted near-term operational and industry risks.Company Guidance
Record Full-Year Revenue and Profitability
Full-year 2025 record revenue of $58.3 billion, up 2.3% year over year; full-year operating margin of 10%; pretax income of $5.0 billion; full-year EPS of $5.82.
All-Time High Free Cash Flow and Strong Cash Generation
Delivered free cash flow of $4.6 billion (highest in company history and at the top end of long-term framework); generated $10 billion in free cash flow over the past three years enabling >50% reduction in leverage.
Fourth Quarter and Quarterly Profitability
Q4 pretax profit of $1.3 billion, operating margin of 10%, and Q4 EPS of $1.55 (government shutdown reduced pretax profit by $200 million or $0.25 per share).
Diverse, High-Margin Revenue Mix
Diversified revenue streams represent ~60% of total revenue. Premium revenue grew 7% YoY; cargo revenue up 9%; maintenance, repair & overhaul (MRO) revenue up 25%; loyalty revenue up 6%; travel products growing at double-digit rates.
Loyalty & Co-Brand Strength
American Express remuneration grew 11% to $8.2 billion with double-digit co-brand spend growth each quarter; ~1/3 of active SkyMiles members carry a co-brand card; expecting high-single-digit co-brand remuneration growth in 2026 toward a $10 billion goal.
Strong Demand Trends and Near-Term Revenue Outlook
Record bookings with recent cash sales up double digits; March revenue growth expected +5% to +7% YoY with positive unit revenue trajectory; management expects 2026 EPS growth of ~20% year over year (full-year EPS guide $6.50–$7.50).
Fleet Investment to Support International Growth
Announced order for 30 Boeing 787-10s (options for 30 more) with deliveries starting 2031; new wide-bodies cited as delivering up to a 10-point margin advantage, ~25% better fuel efficiency vs replaced types, and improved cargo capability.
Operational Recognition and Employee Rewards
Number one net promoter score among major airlines; named U.S. industry's most on-time airline by Cirium for the fifth consecutive year; awarded employees a 4% pay increase and $1.3 billion in profit sharing.
Balance Sheet and Capital Allocation
Ended year with adjusted net debt ≈ $14 billion, gross leverage 2.4x and ~$35 billion of unencumbered assets; 2026 plan includes CapEx of $5.5 billion (~50 aircraft deliveries) and free cash flow guidance of $3–4 billion to support further debt reduction and expanded shareholder returns.
DAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 13, 2026 | $71.03 | $69.33 | -2.39% |
Oct 09, 2025 | $56.95 | $59.39 | +4.28% |
Jul 10, 2025 | $50.37 | $56.41 | +11.99% |
Apr 09, 2025 | $35.54 | $43.85 | +23.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Delta Air Lines (DAL) report earnings?
Delta Air Lines (DAL) is schdueled to report earning on Apr 15, 2026, Before Open (Confirmed).
What is Delta Air Lines (DAL) earnings time?
Delta Air Lines (DAL) earnings time is at Apr 15, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAL EPS forecast?
DAL EPS forecast for the fiscal quarter 2026 (Q1) is 0.7.
