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Delta Air Lines DAL Q3 2026 earnings

Reported October 9, 2026 · Before market open

Revenue$20.2B
EPS$1.72Miss by $0.05
EPS estimate$1.77
“Demand remains strong, supported by consumers' growing preference for experiences and travel, with air travel continuing to be one of the best values in the consumer economy. Against this backdrop, we delivered September quarter pre-tax profit of $1.5 billion, matching last year's performance, and generated $1.9 billion of free cash flow year-to-date. Our resilience reflects the structural durability we've built over many years, enabling us to effectively navigate one of the most elevated fuel environments in recent times. The foundation of that resilience is our people, whose commitment to delivering for our customers continues to set Delta apart. For the full year, we expect to generate a pre-tax profit of roughly $4.5 billion, absorbing a $6 billion increase in fuel costs. Looking ahead, our focus remains on profitable growth and delivering against our long-term financial framework, including mid-teens margins and returns, durable free cash flow and gross leverage of approximately one times.”
Ed Bastian

Next report

Oct 9, 2026 (Today)
Revenue estimate$17.7B
EPS estimate$1.77

Financials

Q3 2026

Income statement

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Revenue$20.2B+21.1%
Operating income$1.5B-13.7%
Net income$756.0M-46.6%
EPS (diluted)$1.15-47.0%

Balance sheet

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Cash & equivalents$3.8B-4.6%
Total debt$12.9B-36.6%
Total equity$22.5B+19.6%
Total assets$86.0B+8.1%

Cash flow

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Operating cash flow$1.7B-7.3%

Valuation & ratios

Valuation

as of 09/30/26
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Market cap$54.89B+48.1%
Enterprise value$63.95B+19.9%
P/E16.7×+8.7×
P/S0.8×+0.2×

Profitability

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Operating margin7.4%-2.3pp
Net margin4.6%-2.8pp

Returns & leverage

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Return on equity15.9%-12.6pp
Debt / equity0.6×-0.5×
Current ratio0.4×0.0×

Segments

By product

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Refinery$2.6B+76.2%

FAQ

When did Delta Air Lines report Q3 2026 earnings?
Delta Air Lines (DAL) reported Q3 2026 earnings on October 9, 2026 before market open.
What were Delta Air Lines's Q3 2026 revenue and EPS?
Delta Air Lines reported revenue of $20.2B and eps of $1.72 for Q3 2026.
Did Delta Air Lines beat estimates in Q3 2026?
EPS missed the consensus estimate of $1.77 by $0.05.
How did Delta Air Lines's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 21.1% from $16.7B a year earlier and eps grew 0.6% from $1.71.
Where can I find Delta Air Lines's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000027904-26-000035) directly on SEC EDGAR. The filing index links above go to sec.gov.