Quarterly ResultApr 8, 2026, 06:31 AM
Delta Air Lines Reports Q1 2026 Adjusted EPS of $0.64, Up Over 40% YoY; Guides Q2 Pre-Tax Profit to Around $1 Billion on Low-Teens Revenue Growth
AI Summary
Delta Air Lines announced March quarter 2026 financial results, delivering adjusted earnings per share of $0.64, which was more than 40% higher than last year and in line with initial guidance, driven by better-than-expected revenue performance. The company reported a record March quarter adjusted operating revenue of $14.2 billion, up nearly 10% year-over-year, despite significant increases in fuel costs. For the June quarter, Delta expects to achieve approximately $1 billion in pre-tax profit on low-teens revenue growth, while implementing meaningful capacity reductions and aiming to recapture higher fuel costs, projecting an all-in fuel price of around $4.30 per gallon.
Key Highlights
- March Quarter 2026 adjusted operating revenue reached a record $14.2 billion, nearly 10% higher than last year, exceeding initial outlook.
- Adjusted earnings per share (EPS) for Q1 2026 was $0.64, representing an increase of more than 40% compared to the prior year.
- GAAP March Quarter 2026 results included an operating revenue of $15.9 billion, an operating income of $501 million (3.2% margin), and a pre-tax loss of $214 million.
- Operating cash flow for the March quarter was $2.4 billion.
- For the June Quarter 2026, Delta guides for total revenue growth in the low-teens, an operating margin of 6% - 8%, and EPS between $1.00 - $1.50.
- The company anticipates a June Quarter 2026 pre-tax profit of around $1 billion, despite a projected more than $2 billion increase in fuel expense and an all-in fuel price of approximately $4.30 per gallon, with a refinery benefit of about $300 million.