Nov 6, 4:32 PM ET
Delta Air Lines completed a public offering of $500 million in 5.500% notes maturing November 6, 2029, on November 6, 2026. The company said it will use part of the proceeds to repay about $391 million of Payroll Support Program loan borrowings, about $70 million of aircraft-secured equipment notes, and, with cash on hand, about $39 million of pass through certificates, with any remainder for general corporate purposes. The filing adds new unsecured debt to the balance sheet while reducing several existing obligations.
- Notes: $500 million aggregate principal, 5.500% coupon, maturing November 6, 2029
- Interest paid semi-annually on May 6 and November 6, starting May 6, 2027
- Proceeds to repay about $391 million Payroll Support Program loan, about $70 million equipment notes, and about $39 million pass through certificates
Read the filing on SEC.gov ↗
Oct 9, 6:30 AM ET
Delta reported September quarter 2026 results, with adjusted operating revenue up 16% to $17.6 billion, while GAAP net income fell 47% to $756 million. The company gave full-year 2026 EPS guidance of $5.10 to $5.60 and December quarter EPS guidance of $1.15 to $1.65, which matter to shareholders because the GAAP profit decline and the fuel cost pressure both weigh on near-term earnings.
- Adjusted operating revenue of $17.6 billion, up 16% year over year; GAAP operating revenue of $20.2 billion, up 21%
- GAAP diluted EPS of $1.15 versus $2.17 a year earlier; adjusted diluted EPS of $1.72 versus $1.70
- Full-year 2026 EPS outlook of $5.10 to $5.60 and free cash flow of approximately $2.5 billion; December quarter EPS outlook of $1.15 to $1.65
- Average fuel price of $3.80 per gallon GAAP, up 68% year over year; free cash flow was $463 million in the September quarter
Read the filing on SEC.gov ↗
Jul 10, 6:30 AM ET
Delta reported June quarter 2026 results, with GAAP revenue of $19.8 billion, up 19%, but diluted earnings per share of $2.44, down 25% from $3.27 a year earlier. The company affirmed its full-year 2026 adjusted EPS guidance of $6.50 to $7.50 and gave a September quarter EPS range of $2.00 to $2.50, and it said its dividend will rise 15% beginning in the September quarter.
- GAAP operating revenue of $19.8 billion rose 19%; GAAP diluted EPS fell to $2.44 from $3.27, down 25%.
- Adjusted diluted EPS was $1.56 versus $2.12 a year earlier, down 26%; adjusted fuel price was $3.93 per gallon, up 75%.
- Full-year 2026 adjusted EPS guidance of $6.50 to $7.50 was affirmed; September quarter EPS guidance is $2.00 to $2.50.
- Dividend payment to increase 15% beginning in the September quarter 2026.
Read the filing on SEC.gov ↗
Jun 12, 4:30 PM ET
Delta Air Lines entered a new credit agreement on June 11, 2026, that refinances and replaces its existing credit facility dated November 6, 2023. The facility was undrawn when signed and includes a $2.65 billion revolver with an accordion feature allowing commitments to rise up to $3.65 billion. For shareholders, the filing shows a committed source of liquidity, though the filing does not state any borrowing or interest cost amounts.
- Credit agreement dated June 11, 2026, with JPMorgan Chase Bank, N.A. as administrative agent
- $2.650 billion revolving facility, made up of $1.325 billion three-year and $1.325 billion five-year tranches
- Accordion feature allows commitments to increase up to $3.65 billion, subject to conditions
- Facility was undrawn at signing; proceeds may refinance the existing facility and fund general corporate purposes
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.