Delta Air Lines, Inc.

Company facts

Industry

Air Transportation, Scheduled

Headquarters

Atlanta, Georgia

Most recent report

10-Q, filed Jul 10, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 27904

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 15 sections worth reading, with 4 positive, 7 notable, and 2 negative flags.

• Notes to the Condensed Consolidated Financial Statements

  Notes and MD&A contain detailed results, debt, aircraft orders, and segment performance for June 2026 quarter.
  Positive

  • Total revenue grew $3.1B to $19.8B in Q2 2026, driven by higher passenger and refinery sales.
  Notable

  • Fuel hedge contracts recorded a $303M loss in six months ended June 30, 2026 vs $33M gain a year ago.
  • Entered new $2.65B revolver in June 2026, extending maturities to 2029/2031, undrawn at quarter end.
  • In Q1 2026, Delta ordered 30 B787-10, 16 A330-900, 15 A350-900, and 34 A321neo, total commitments $27.6B.
  Negative

  • Operating income was $1.9B in Q2 2026, down $238M from Q2 2025, pressured by higher costs.

• Results of Operations - Six Months Ended June 30, 2026 and 2025

  Substantial financial results and metrics for the period; revenue, fuel, debt, fleet updates.
  Positive

  • Debt paydown of $2.1B in H1 2026, including $1.3B early repayments via refinancing at lower rates.
  • Liquidity $7.7B including $3.1B undrawn credit; covenant compliance maintained.
  • Quarterly dividend raised to $0.2150 per share from $0.1875, approved June 18, 2026.
  Notable

  • Refinery segment generated $351M Q2 operating income vs ($10M) loss, but temporary outage halted production in mid-June 2026.
  • American Express remuneration reached $4.5B in H1 2026, up 13% from prior year.
  • Capital expenditures $2.7B in H1; 2026 spend expected over $5B, mainly for aircraft, fleet mods, and tech.
  • Wheels Up related-party: $36M outstanding on revolver; Delta contributed $57M to new $100M term loan.
  Negative

  • Fuel expense rose 41% to $6.9B due to 46% higher jet fuel price; represents 21% of total operating expense.

What changed: Jun 2026 vs. Mar 2026

About 13% of DAL's Jun 2026 10-Q is new information. 37 paragraphs were added, 111 changed, and 37 removed. Below are the most important lines SECSift identified.

• Notes to the Condensed Consolidated Financial Statements 47
• Results of Operations - Six Months Ended June 30, 2026 and 2025 38
• Results of Operations - Three Months Ended June 30, 2026 and 2025 13
• Consolidated Statements of Stockholders' Equity 2
• Item 4 2
• Item 2 2
• Condensed Consolidated Statements of Operations and Comprehensive Income 1