Delta Air Lines (DAL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 09, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.62

Last Year’s EPS

2.1

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 18 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 08, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a largely positive operational and financial story—record revenue, strong unit revenue, margin improvement guidance for Q2, robust cash generation, improved leverage and clear commercial momentum across premium, loyalty and corporate segments. These positives are tempered by a significant and sudden jet fuel shock (adding >$2 billion of quarterly expense), persistent nonfuel cost pressure, near-term reliability issues tied to contract changes, and limited full-year visibility. Management emphasized mitigation actions (capacity discipline, fuel recapture, refinery offset) and confidence in long-term structural advantages.

Company Guidance

Management guided June‑quarter results to low‑teens total revenue growth on flat capacity, targeting a 6%–8% operating margin with roughly $1.0B pretax profit and $1.00–$1.50 in EPS, and said it expects to recapture 40%–50% of a more than $2B fuel headwind; the outlook uses an April‑2 forward fuel curve of ~$4.30/gal (about double last year) with an estimated $300M refinery benefit and notes nonfuel unit costs should grow at a similar rate to Q1 (≈6% YoY) as capacity is meaningfully reduced this quarter. For context, Q1 revenue was $14.2B (+9.4% YoY) with operating margin 4.6%, pretax profit $530M, EPS $0.64, fuel averaged $2.62/gal (incl. $0.06 refinery benefit), operating cash flow was $2.4B (after $1.3B profit‑sharing), free cash flow $1.2B, adjusted net debt $13.5B (down 20% YoY) and gross leverage 2.4x; MRO revenue was $380M in Q1 with a full‑year outlook of ~$1.2B, and management noted cash sales were up mid‑teens in March.

Record Quarterly Revenue and Strong Top-Line Growth

Total revenue of $14.2 billion, a March-quarter record and up 9.4% year-over-year (nearly $1 billion increase). Management expects low-teens revenue growth in the June quarter.

Material Earnings and Cash Generation Improvement

Earnings 40% higher than prior year with pretax profit of $530 million and earnings per share of $0.64 for the quarter. Generated $2.4 billion of operating cash flow and $1.2 billion of free cash flow after $1.3 billion profit-sharing.

Unit Revenue and Diverse Revenue Mix Strength

Total unit revenue grew 8.2% with passenger unit revenue up mid-single-digits. Diverse revenue streams represented 62% of total revenue; premium and loyalty revenues grew mid-teens.

Loyalty and Co‑Brand Card Momentum

Remuneration from American Express grew 10% to over $2 billion, with AmEx card spend up 12%, indicating strong engagement across the loyalty/economy ecosystem.

Balance Sheet and Capital Allocation Progress

Adjusted net debt ended the quarter at $13.5 billion, down 20% year-over-year, with gross leverage of 2.4x. Delivered 12% return on invested capital and remain investment grade at all three rating agencies.

Operational and Product Investments

Placed firm orders for 95 aircraft to accelerate fleet renewal, opened a new Sky Club in Denver and completed three renovations in Atlanta, and continued expansion of Delta Sync digital platform (expected >110 million customer log-ins this year).

MRO Business Acceleration

Third-party MRO revenue more than doubled year-over-year to $380 million in the quarter; management expects roughly $1.2 billion for the year (~50% improvement vs prior year) with expanding margins.

Industry Recognition and People-Focused Achievements

Named Most On-Time Airline in North America by Cirium (fifth consecutive year); ranked in Fortune 100 Best Companies to Work For top 10 for the first time; $1.3 billion profit-sharing paid in February.

Delta Air Lines (DAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 09, 2026	2026 (Q2)	1.62 / -	2.1	―	―	―
Apr 08, 2026	2026 (Q1)	0.58 / 0.64	0.46	39.13% (+0.18)	―
Jan 13, 2026	2025 (Q4)	1.53 / 1.55	1.85	-16.22% (-0.30)	―
Oct 09, 2025	2025 (Q3)	1.57 / 1.71	1.5	14.00% (+0.21)	―
Jul 10, 2025	2025 (Q2)	2.06 / 2.10	2.36	-11.02% (-0.26)	―
Apr 09, 2025	2025 (Q1)	0.38 / 0.46	0.45	2.22% (+0.01)	―
Jan 10, 2025	2024 (Q4)	1.76 / 1.85	1.28	44.53% (+0.57)	―
Oct 10, 2024	2024 (Q3)	1.52 / 1.50	2.03	-26.11% (-0.53)
Jul 11, 2024	2024 (Q2)	2.37 / 2.36	2.68	-11.94% (-0.32)
Apr 10, 2024	2024 (Q1)	0.37 / 0.45	0.25	80.00% (+0.20)

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	$70.84	$69.14	-2.39%
Oct 09, 2025	$56.79	$59.23	+4.29%
Jul 10, 2025	$50.23	$56.26	+11.99%
Apr 09, 2025	$35.45	$43.73	+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.