NYSE$DAL
Delta Air Lines Inc (DE) · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Delta achieved record quarterly revenue and profitability, driven by strong consumer demand and operational performance.
Delta Air Lines reported record revenue and profitability for the June quarter, driven by robust consumer demand and strong operational performance. The company is increasing its full-year earnings guidance and reiterating its free cash flow outlook.
- Delivered highest quarterly revenue and profitability in Delta’s history.
- Strong June quarter operating cash flow enabled accelerated debt reduction.
- Expect record September quarter revenue, mid-teens operating margin and EPS of $2.20 - $2.50.
- Raising full year EPS outlook to $6 - $7 and reiterating free cash flow guide of $3 billion.
Headline financials
Revenue & EPS history
Delta · Revenue · Quarterly
$15.6B
Revenue by segment
Delta · $470M total across 1 segment · Q1 2021
- Cargo Revenue$470M—100.0%
Forward guidance
Delta expects record September quarter revenue, mid-teens operating margin and EPS of $2.20 - $2.50. Raising full year EPS outlook to $6 - $7 and reiterating free cash flow guide of $3 billion
Tailwinds
- Expect record September quarter revenue
- Expect mid-teens operating margin
- Expect EPS of $2.20 - $2.50
- Raising full year EPS outlook to $6 - $7
- Reiterating free cash flow guide of $3 billion
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+1.3%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.0%
Avg return
30 days after
61%
42 / 69 earnings
Positive
+23.4%
Q1 2025
Best reaction
-11.3%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.8% | +2.2% | +11.8% | |
| Q4 2025 | -2.6% | -0.8% | -2.2% | |
| Q3 2025 | +4.3% | +7.3% | +3.1% | |
| Q2 2025 | -0.8% | +1.8% | +0.8% | |
| Q1 2025 | +23.4% | +12.3% | +34.7% | |
| Q4 2024 | +6.0% | +6.6% | +10.9% | |
| Q3 2024 | +0.7% | +3.4% | +19.8% | |
| Q2 2024 | -6.9% | -1.8% | -16.1% | |
| Q1 2024 | +0.7% | -1.4% | +11.2% | |
| Q4 2023 | -11.3% | -12.1% | -4.1% | |
| Q3 2023 | -5.2% | -3.6% | -5.3% | |
| Q2 2023 | -3.0% | +0.9% | -7.9% | |
| Q1 2023 | +0.1% | +4.8% | -1.5% | |
| Q4 2022 | -3.4% | -3.1% | -3.6% | |
| Q3 2022 | +6.4% | +10.1% | +21.3% | |
| Q2 2022 | -4.2% | +0.2% | +11.0% | |
| Q1 2022 | +9.7% | +9.1% | -0.8% | |
| Q4 2021 | -0.7% | -2.6% | +4.2% | |
| Q3 2021 | -5.4% | -5.8% | -3.0% | |
| Q2 2021 | +0.0% | -6.7% | -3.5% | |
| Q1 2021 | -3.2% | -7.7% | -3.9% | |
| Q4 2020 | -1.2% | -0.3% | +7.0% | |
| Q3 2020 | -2.7% | -3.6% | +5.3% | |
| Q2 2020 | +6.6% | +0.9% | +7.0% | |
| Q1 2020 | -2.7% | -4.1% | -1.8% | |
| Q4 2019 | +3.6% | +4.3% | -0.6% | |
| Q3 2019 | -1.8% | -0.5% | +6.8% | |
| Q2 2019 | +3.7% | +6.2% | +0.1% | |
| Q1 2019 | +2.5% | +0.9% | -0.6% | |
| Q4 2018 | -0.5% | +0.8% | +5.7% | |
| Q3 2018 | +4.7% | +6.8% | +14.0% | |
| Q2 2018 | +1.9% | +2.6% | +9.8% | |
| Q1 2018 | +2.8% | +6.0% | +2.8% | |
| Q4 2017 | +7.1% | +6.2% | -9.7% | |
| Q3 2017 | +0.8% | +1.7% | -7.2% | |
| Q2 2017 | -0.6% | -2.7% | -10.8% | |
| Q1 2017 | -2.8% | -2.1% | +8.2% | |
| Q4 2016 | -0.4% | -2.2% | -4.2% | |
| Q3 2016 | +2.0% | +0.5% | +18.1% | |
| Q2 2016 | +1.1% | +2.5% | -8.1% | |
| Q1 2016 | -1.1% | — | — | |
| Q4 2015 | +2.7% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q1 2015 | +4.4% | — | — | |
| Q4 2014 | +7.3% | — | — | |
| Q3 2014 | +6.2% | — | — | |
| Q2 2014 | +1.0% | — | — | |
| Q1 2014 | +5.1% | — | — | |
| Q4 2013 | +5.7% | — | — | |
| Q3 2013 | +3.7% | — | — | |
| Q2 2013 | +5.0% | — | — | |
| Q1 2013 | +8.8% | — | — | |
| Q4 2012 | +1.2% | — | — | |
| Q3 2012 | -5.0% | — | — | |
| Q2 2012 | +0.9% | — | — | |
| Q1 2012 | -0.8% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -3.8% | — | — | |
| Q2 2011 | -4.9% | — | — | |
| Q1 2010 | +7.1% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q4 2008 | -1.7% | — | — | |
| Q4 2010 | -1.7% | — | — | |
| Q3 2009 | +1.1% | — | — | |
| Q3 2010 | +1.1% | — | — | |
| Q4 2009 | +2.3% | — | — | |
| Q2 2009 | +2.3% | — | — | |
| Q2 2010 | +2.3% | — | — |
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