NYSE$DAL
Delta Air Lines Inc (DE) · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Delta's financial performance was significantly impacted by the pandemic, but actions were taken to improve customer experience and simplify the fleet.
Delta Air Lines reported a GAAP pre-tax loss of $6.9 billion and a loss per share of $8.47 on total revenue of $3.1 billion for the September quarter 2020. The adjusted pre-tax loss was $2.6 billion, with an adjusted loss per share of $3.30 on adjusted revenue of $2.6 billion. The company ended the quarter with $21.6 billion in liquidity and is focused on cost management and restoring customer confidence.
- Adjusted operating revenue decreased by 79% compared to the September 2019 quarter.
- Adjusted operating expenses decreased by 52% versus the prior year quarter.
- Daily cash burn improved to an average of $18 million for the month of September.
- The company raised $9.0 billion through a debt offering secured by its SkyMiles loyalty program.
Headline financials
Revenue & EPS history
Delta · Revenue · Quarterly
$3.06B
Revenue by segment
Delta · $470M total across 1 segment · Q1 2021
- Cargo Revenue$470M—100.0%
Forward guidance
No specific forward guidance was provided in the release.
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 Q3 2020
+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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