Delta Air Lines, Inc.

Company facts

Industry

Air Transportation, Scheduled

Headquarters

Atlanta, Georgia

Most recent report

10-Q, filed Oct 9, 2026

Incorporated

Delaware

Filings on record

1,003+ filings

On EDGAR

CIK 27904

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 4 of 15 sections worth reading, with 4 positive, 6 notable, and 2 negative flags.

• Notes to the Condensed Consolidated Financial Statements

  Net income halved; fuel costs and non-op losses crushed strong revenue growth.
  Notable

  • SkyMiles partner cash sales grew to $6.8B in 9M 2026 from $6.0B; deferred loyalty revenue hit $9.6B.
  • Delta ordered 30 B-787-10 and other aircraft, bringing purchase commitments to $26.7B at Sep 30, 2026.

• Results of Operations - Three Months Ended September 30, 2026 and 2025

  Core MD&A showing 21% revenue growth masked by 69% fuel cost increase in Q3 2026.
  Positive

  • Total operating revenue up 21% to $20,186 million in Q3 2026, driven by broad demand and higher other revenue.
  • Other revenue increased 48% to $4,351 million, led by refinery sales up 76% and loyalty up 19% from AmEx card growth.
  Notable

  • Latin America revenue grew 14% despite 6% lower capacity due to earlier civil unrest in Mexican leisure markets.
  • Loyalty revenue up 19% driven by higher AmEx card spend and new card acquisitions after refreshing the co-brand portfolio in June 2026.
  Negative

  • Fuel expense surged 69% ($1.8B) due to a 63% higher average jet fuel price, driving total expense growth outpacing revenue.

• Results of Operations - Nine Months Ended September 30, 2026 and 2025

  Core financial results: revenue grew 18% but fuel costs spiked 51%, refinery loss, non-operating loss.
  Positive

  • Debt and finance lease repayments of $3.3B in nine months, net reduction of $1.3B.
  • Board approved $0.2150 quarterly dividend, paid in July 2026; total dividends $393M for nine months.
  Notable

  • American Express remuneration rose 14% to $6.9B for nine months.
  Negative

  • Aircraft fuel and related taxes increased 51% ($3.8B) due to a 52% rise in average jet fuel purchase price.

• Exhibits (Item 6)

  New Boeing aircraft purchase amendment within period (Sept 29, 2026).
  Notable

  • New supplemental agreement to Boeing 737-10 purchase agreement dated Sept 29, 2026, just before quarter end.

What changed: Sep 2026 vs. Jun 2026

About 7% of DAL's Sep 2026 10-Q is new information. 23 paragraphs were added, 115 changed, and 11 removed. Below are the most important lines SECSift identified.

• Results of Operations - Nine Months Ended September 30, 2026 and 2025 32
• Notes to the Condensed Consolidated Financial Statements 25
• Item 6 18
• Results of Operations - Three Months Ended September 30, 2026 and 2025 14
• Item 2 3
• Consolidated Statements of Stockholders' Equity 2
• Item 4 2