Delta Air Lines (DAL) reported first-quarter 2026 earnings of 64 cents per share, exceeding the Zacks Consensus Estimate of 61 cents and marking a 39.1% increase year-over-year. Adjusted revenues reached $14.2 billion, surpassing estimates of $14 billion. Passenger revenues comprised 77.5% of total revenue, growing 7% year-over-year to $12.30 billion, while cargo revenues increased 9% to $226 million.
The airline’s operating cash flow for the quarter was $2.41 billion, with total operating expenses rising 14% to $15.3 billion. Delta finished the quarter with cash and cash equivalents of $5.05 billion and an adjusted net debt of $13.5 billion. The company anticipates second-quarter 2026 adjusted earnings per share to range from $1.00 to $1.50, with expected total revenue growth in the low teens.
