Tables
Tables in the 10-Q of DELTA AIR LINES, INC.
45 tables with numbers, filed Oct 9, 2026. Each one downloads as an Excel file or a CSV (numbers are stored as numbers), with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗
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Table 1 after “This document is also available through our website at http://ir.delta.com/.”
| Table of Contents | |
| Page | |
| Forward-Looking Statements | 1 |
| Report of Independent Registered Public Accounting Firm | 2 |
| Part I. Financial Information | |
| Item 1. Financial Statements | 3 |
| Consolidated Balance Sheets | 3 |
| Condensed Consolidated Statements of Operations and Comprehensive Income | 4 |
First 8 of 20 rows. The download has all of them.
Table 2 after “(Unaudited)”
| (in millions, except share data) | September 30, 2026 | December 31, 2025 | |
| ASSETS | |||
| Current Assets: | |||
| Cash and cash equivalents | $3,787 | $4,310 | |
| Accounts receivable, net of allowance for uncollectible accounts of $13 and $13 | 4,325 | 2,850 | |
| Fuel, expendable parts and supplies inventories, net of allowance for obsolescence of $140 and $124 | 2,637 | 1,601 | |
| Prepaid expenses and other | 2,741 | 2,207 | |
| Total current assets | 13,490 | 10,968 |
First 8 of 46 rows. The download has all of them.
Table 3 after “(Unaudited)”
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||
| (in millions, except per share data) | 2026 | 2025 | 2026 | 2025 | ||
| Operating Revenue: | ||||||
| Passenger | $15,534 | $13,506 | $43,443 | $38,852 | ||
| Cargo | 301 | 233 | 821 | 654 | ||
| Other | 4,351 | 2,934 | 11,533 | 7,855 | ||
| Total operating revenue | 20,186 | 16,673 | 55,797 | 47,361 | ||
| Operating Expense: |
First 8 of 37 rows. The download has all of them.
Table 4 after “(Unaudited)”
| Nine Months Ended September 30, | |||
| (in millions) | 2026 | 2025 | |
| Net Cash Provided by Operating Activities | $5,740 | $6,082 | |
| Cash Flows from Investing Activities: | |||
| Property and equipment additions: | |||
| Flight equipment, including advance payments | (3,444) | (2,912) | |
| Ground property and equipment, including technology | (627) | (680) | |
| Acquisition of strategic investments and related | (150) | — |
First 8 of 35 rows. The download has all of them.
Table 5 after “(Unaudited)”
| Common Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Treasury Stock | ||||||
| (in millions, except per share data) | Shares | Amount | Shares | Amount | Total | |||||
| Balance at December 31, 2025 | 660 | $— | $11,883 | $13,343 | $(4,135) | 6 | $(238) | $20,853 | ||
| Net loss | — | — | — | (289) | — | — | — | (289) | ||
| Dividends declared ($0.1875 per share) | — | — | — | (123) | — | — | — | (123) | ||
| Other comprehensive income | — | — | — | — | 29 | — | — | 29 | ||
| Common stock issued for employee equity awards(1) | 5 | — | 37 | — | — | 2 | (155) | (118) | ||
| Stock options exercised | 1 | — | 24 | — | — | — | — | 24 |
First 8 of 22 rows. The download has all of them.
Table 6 after “in the March 2026 quarter, June 2026 quarter, and September 2026 quarter, respectively. Share counts in the table above may not calculate ex”
| Common Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Treasury Stock | ||||||
| (in millions, except per share data) | Shares | Amount | Shares | Amount | Total | |||||
| Balance at December 31, 2024 | 655 | $— | $11,740 | $8,783 | $(4,979) | 8 | $(251) | $15,293 | ||
| Net income | — | — | — | 240 | — | — | — | 240 | ||
| Dividends declared ($0.15 per share) | — | — | — | (98) | — | — | — | (98) | ||
| Other comprehensive income | — | — | — | — | 41 | — | — | 41 | ||
| Common stock issued for employee equity awards(1) | — | — | (51) | — | — | (1) | 13 | (38) | ||
| Stock options exercised | — | — | 9 | — | — | — | — | 9 |
First 8 of 21 rows. The download has all of them.
Table 7 after “Passenger Revenue”
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||
| (in millions) | 2026 | 2025 | 2026 | 2025 | |||
| Ticket | $13,620 | $11,859 | $38,158 | $34,173 | |||
| Loyalty travel awards | 1,302 | 1,108 | 3,578 | 3,140 | |||
| Travel-related services | 612 | 539 | 1,707 | 1,539 | |||
| Passenger revenue | $15,534 | $13,506 | $43,443 | $38,852 |
Table 8 after “The table below presents the activity of the current and noncurrent loyalty program deferred revenue and includes miles earned through trave”
| Loyalty program activity | |||
| (in millions) | 2026 | 2025 | |
| Balance at January 1 | $9,262 | $8,826 | |
| Miles earned | 4,130 | 3,605 | |
| Miles redeemed for air travel | (3,578) | (3,140) | |
| Miles redeemed for non-air travel and other | (182) | (169) | |
| Balance at September 30 | $9,632 | $9,122 |
Table 9 after “Other Revenue”
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||
| (in millions) | 2026 | 2025 | 2026 | 2025 | |||
| Refinery | $2,601 | $1,476 | $6,346 | $3,680 | |||
| Loyalty and related | 1,346 | 1,129 | 3,911 | 3,338 | |||
| MRO | 296 | 231 | 990 | 621 | |||
| Miscellaneous | 108 | 98 | 286 | 216 | |||
| Other revenue | $4,351 | $2,934 | $11,533 | $7,855 |
Table 10 after “Our passenger and operating revenue by geographic region is summarized in the following tables:”
| Passenger revenue by geographic region | |||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||
| (in millions) | 2026 | 2025 | 2026 | 2025 | |||
| Domestic | $10,594 | $9,103 | $29,985 | $26,521 | |||
| Atlantic | 3,317 | 2,977 | 7,947 | 7,221 | |||
| Latin America | 867 | 759 | 3,184 | 3,047 | |||
| Pacific | 756 | 667 | 2,327 | 2,063 | |||
| Total | $15,534 | $13,506 | $43,443 | $38,852 |
Table 11 after “Our passenger and operating revenue by geographic region is summarized in the following tables:”
| Operating revenue by geographic region | |||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||
| (in millions) | 2026 | 2025 | 2026 | 2025 | |||
| Domestic | $14,361 | $11,561 | $39,819 | $33,032 | |||
| Atlantic | 3,869 | 3,423 | 9,357 | 8,353 | |||
| Latin America | 997 | 882 | 3,703 | 3,497 | |||
| Pacific | 959 | 807 | 2,918 | 2,479 | |||
| Total | $20,186 | $16,673 | $55,797 | $47,361 |
Table 12 after “Assets/(Liabilities) Measured at Fair Value on a Recurring Basis”
| (in millions) | September 30, 2026 | Level 1 | Level 2 | Level 3 | ||
| Cash equivalents | $2,142 | $2,142 | $— | $— | ||
| Restricted cash equivalents | 94 | 94 | — | — | ||
| Long-term investments and related | 3,413 | 3,026 | 363 | 24 | ||
| Fuel hedge contracts | (2) | — | (2) | — |
Table 13 after “Assets/(Liabilities) Measured at Fair Value on a Recurring Basis”
| (in millions) | December 31, 2025 | Level 1 | Level 2 | Level 3 | ||
| Cash equivalents | $2,868 | $2,868 | $— | $— | ||
| Restricted cash equivalents | 191 | 191 | — | — | ||
| Long-term investments and related | 3,644 | 3,366 | 217 | 61 | ||
| Fuel hedge contracts | 1 | — | 1 | — |
Table 14 after “INVESTMENTS”
| Equity investments ownership interest and carrying value | ||||||||
| Accounting Treatment | Ownership Interest | Carrying Value | ||||||
| (in millions) | September 30, 2026 | December 31, 2025 | September 30, 2026 | December 31, 2025 | ||||
| Air France-KLM | Fair Value | 3% | 3% | $97 | $100 | |||
| China Eastern | Fair Value | 2% | 2% | 156 | 319 | |||
| Grupo Aeroméxico | Equity Method | 19% | 19% | 393 | 377 | |||
| Hanjin KAL | Fair Value(1) | 15% | 15% | 970 | 861 | |||
| LATAM | Fair Value | 11% | 11% | 1,516 | 1,644 |
First 8 of 14 rows. The download has all of them.
Table 15 after “DEBT”
| Summary of outstanding debt by category | ||||||||
| (in millions) | Maturity Dates | Interest Rate(s) Per Annum at September 30, 2026 | September 30, 2026 | December 31, 2025 | ||||
| Unsecured Notes | 2028 | to | 2030 | 3.75% | to | 5.25% | $2,884 | $2,884 |
| Unsecured Payroll Support Program Loans(1) | 2031 | 5.66% | 391 | 1,848 | ||||
| Financing arrangements secured by SkyMiles assets: | ||||||||
| SkyMiles Notes(2) | 2026 | to | 2028 | 4.75% | 2,566 | 3,422 | ||
| SkyMiles Term Loan(1)(2) | 2026 | to | 2028 | 4.98% | 584 | 588 | ||
| NYTDC Special Facilities Revenue Bonds(2) | 2026 | to | 2045 | 4.00% | to | 6.00% | 3,448 | 3,522 |
First 8 of 20 rows. The download has all of them.
Table 16 after “The fair value of debt shown below is principally based on reported market values, recently completed market transactions and estimates base”
| Fair value of outstanding debt | |||
| (in millions) | September 30, 2026 | December 31, 2025 | |
| Net carrying amount | $12,105 | $13,308 | |
| Fair value | $11,900 | $13,400 |
Table 17 after “We sponsor defined benefit and defined contribution pension plans, healthcare plans, and disability and survivorship plans for eligible empl”
| Employee benefit plans net periodic cost | |||||||
| Pension Benefits(1) | Other Postretirement and Postemployment Benefits | ||||||
| (in millions) | 2026 | 2025 | 2026 | 2025 | |||
| Three Months Ended September 30, | |||||||
| Service cost | $140 | $95 | $36 | $33 | |||
| Interest cost | 202 | 208 | 43 | 45 | |||
| Expected return on plan assets | (289) | (267) | (1) | — | |||
| Amortization of prior service credit | — | — | (1) | (1) |
First 8 of 17 rows. The download has all of them.
Table 18 after “billion at September 30, 2026.”
| Aircraft purchase commitments(1) | |
| (in millions) | Total |
| Three months ending December 31, 2026 | $910 |
| 2027 | 4,930 |
| 2028 | 4,730 |
| 2029 | 5,040 |
| 2030 | 2,720 |
| Thereafter | 8,380 |
First 8 of 9 rows. The download has all of them.
Table 19 after “Our future aircraft purchase commitments included the following aircraft at September 30, 2026:”
| Aircraft purchase commitments by fleet type | |
| Aircraft Type | Purchase Commitments |
| A220-300 | 53 |
| A321-200neo | 83 |
| A330-900neo | 16 |
| A350-900 | 17 |
| A350-1000 | 20 |
| B-737-10 | 100 |
First 8 of 10 rows. The download has all of them.
Table 20 after “ACCUMULATED OTHER COMPREHENSIVE LOSS”
| Components of accumulated other comprehensive loss | ||||||
| (in millions) | Pension and Other Benefit Liabilities | Other | Tax Effect | Total | ||
| Balance at January 1, 2026 | $(4,459) | $42 | $282 | $(4,135) | ||
| Changes in value | — | (3) | — | (3) | ||
| Reclassifications into earnings(1) | 124 | — | (29) | 95 | ||
| Balance at September 30, 2026 | $(4,335) | $39 | $253 | $(4,043) |
Table 21 after “ACCUMULATED OTHER COMPREHENSIVE LOSS”
| Balance at January 1, 2025 | $(5,557) | $42 | $536 | $(4,979) |
| Changes in value | — | (1) | — | (1) |
| Reclassifications into earnings(1) | 159 | — | (37) | 122 |
| Balance at September 30, 2025 | $(5,398) | $41 | $499 | $(4,858) |
Table 22 after “Segment results are prepared based on our internal accounting methods described below, with reconciliations to consolidated amounts in accor”
| Financial information by segment | ||||||||
| (in millions) | Airline | Refinery | Intersegment Sales/Other | Consolidated | ||||
| Three Months Ended September 30, 2026 | ||||||||
| Operating revenue | $17,585 | $2,967 | $(366) | (1) | $20,186 | |||
| Airline salaries and related costs | 4,822 | |||||||
| Aircraft fuel and related costs | 4,351 | |||||||
| Refinery cost of goods sold(2) | 2,842 | |||||||
| Depreciation and amortization | 673 | 28 |
First 8 of 28 rows. The download has all of them.
Table 23 after “Notes to the Condensed Consolidated Financial Statements”
| Financial information by segment | ||||||||
| (in millions) | Airline | Refinery | Intersegment Sales/Other | Consolidated | ||||
| Nine Months Ended September 30, 2026 | ||||||||
| Operating revenue | $49,451 | $7,616 | $(1,270) | (1) | $55,797 | |||
| Airline salaries and related costs | 14,124 | |||||||
| Aircraft fuel and related costs | 11,202 | |||||||
| Refinery cost of goods sold(2) | 6,864 | |||||||
| Depreciation and amortization | 1,964 | 85 |
First 8 of 26 rows. The download has all of them.
Table 24 after “The following table shows the computation of basic and diluted earnings per share:”
| Basic and diluted earnings per share | |||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||
| (in millions, except per share data) | 2026 | 2025 | 2026 | 2025 | |||
| Net income | $756 | $1,417 | $2,070 | $3,786 | |||
| Basic weighted average shares outstanding | 655 | 649 | 654 | 648 | |||
| Dilutive effect of share-based instruments | 4 | 5 | 3 | 5 | |||
| Diluted weighted average shares outstanding | 659 | 654 | 657 | 653 | |||
| Basic earnings per share | $1.15 | $2.18 | $3.17 | $5.85 |
First 8 of 9 rows. The download has all of them.
Table 25 after “Total Operating Revenue”
| Three Months Ended September 30, | Increase (Decrease) | % Increase (Decrease) | |||||
| (in millions)(1) | 2026 | 2025 | |||||
| Ticket - Premium products | $6,818 | $5,796 | $1,022 | 18% | |||
| Ticket - Main cabin | 6,802 | 6,063 | 739 | 12% | |||
| Loyalty travel awards | 1,302 | 1,108 | 194 | 18% | |||
| Travel-related services | 612 | 539 | 73 | 14% | |||
| Total passenger revenue | $15,534 | $13,506 | $2,028 | 15% | |||
| Cargo | 301 | 233 | 68 | 29% |
First 8 of 13 rows. The download has all of them.
Table 26 after “Passenger Revenue by Geographic Region”
| Increase (Decrease)vs. Three Months Ended September 30, 2025 | |||||||||||
| (in millions) | Three Months Ended September 30, 2026 | Passenger Revenue | RPMs (Traffic) | ASMs (Capacity) | Passenger Mile Yield | PRASM | Load Factor | ||||
| Domestic | $10,594 | 16% | 1% | —% | 15% | 16% | 1 | pt | |||
| Atlantic | 3,317 | 11% | (1)% | —% | 12% | 11% | (1) | pt | |||
| Latin America | 867 | 14% | (5)% | (6)% | 20% | 22% | 1 | pt | |||
| Pacific | 756 | 13% | 6% | 8% | 7% | 5% | (2) | pts | |||
| Total | $15,534 | 15% | 1% | —% | 14% | 15% | — | pts |
Table 27 after “Other Revenue”
| Three Months Ended September 30, | Increase (Decrease) | % Increase (Decrease) | |||
| (in millions) | 2026 | 2025 | |||
| Refinery | $2,601 | $1,476 | $1,125 | 76% | |
| Loyalty and related | 1,346 | 1,129 | 217 | 19% | |
| MRO | 296 | 231 | 65 | 28% | |
| Miscellaneous | 108 | 98 | 10 | 10% | |
| Other revenue | $4,351 | $2,934 | $1,417 | 48% |
Table 28 after “Operating Expense”
| Three Months Ended September 30, | Increase (Decrease) | % Increase (Decrease) | |||
| (in millions) | 2026 | 2025 | |||
| Salaries and related costs | $4,822 | $4,443 | $379 | 9% | |
| Aircraft fuel and related taxes | 4,351 | 2,570 | 1,781 | 69% | |
| Refinery expense | 2,601 | 1,476 | 1,125 | 76% | |
| Contracted services | 1,277 | 1,166 | 111 | 10% | |
| Landing fees and other rents | 1,021 | 921 | 100 | 11% | |
| Aircraft maintenance materials and outside repairs | 662 | 667 | (5) | (1)% |
First 8 of 17 rows. The download has all of them.
Table 29 after “Total Operating Revenue”
| Nine Months Ended September 30, | Increase (Decrease) | % Increase (Decrease) | |||||
| (in millions)(1) | 2026 | 2025 | |||||
| Ticket - Premium products | $19,100 | $16,402 | $2,698 | 16% | |||
| Ticket - Main cabin | 19,058 | 17,771 | 1,287 | 7% | |||
| Loyalty travel awards | 3,578 | 3,140 | 438 | 14% | |||
| Travel-related services | 1,707 | 1,539 | 168 | 11% | |||
| Total passenger revenue | $43,443 | $38,852 | $4,591 | 12% | |||
| Cargo | 821 | 654 | 167 | 26% |
First 8 of 13 rows. The download has all of them.
Table 30 after “Passenger Revenue by Geographic Region”
| Increase (Decrease)vs. Nine Months Ended September 30, 2025 | |||||||||||
| (in millions) | Nine Months Ended September 30, 2026 | Passenger Revenue | RPMs (Traffic) | ASMs (Capacity) | Passenger Mile Yield | PRASM | Load Factor | ||||
| Domestic | $29,985 | 13% | 2% | 1% | 11% | 12% | — | pts | |||
| Atlantic | 7,947 | 10% | —% | 1% | 10% | 9% | (1) | pt | |||
| Latin America | 3,184 | 5% | (6)% | (5)% | 11% | 10% | — | pts | |||
| Pacific | 2,327 | 13% | 6% | 6% | 6% | 6% | — | pts | |||
| Total | $43,443 | 12% | 1% | 1% | 11% | 11% | — | pts |
Table 31 after “Other Revenue”
| Nine Months Ended September 30, | Increase (Decrease) | % Increase (Decrease) | |||
| (in millions) | 2026 | 2025 | |||
| Refinery | $6,346 | $3,680 | $2,666 | 72% | |
| Loyalty and related | 3,911 | 3,338 | 573 | 17% | |
| MRO | 990 | 621 | 369 | 59% | |
| Miscellaneous | 286 | 216 | 70 | 32% | |
| Other revenue | $11,533 | $7,855 | $3,678 | 47% |
Table 32 after “Operating Expense”
| Nine Months Ended September 30, | Increase (Decrease) | % Increase (Decrease) | |||
| (in millions) | 2026 | 2025 | |||
| Salaries and related costs | $14,124 | $12,928 | $1,196 | 9% | |
| Aircraft fuel and related taxes | 11,202 | 7,439 | 3,763 | 51% | |
| Refinery expense | 6,346 | 3,679 | 2,667 | 72% | |
| Contracted services | 3,729 | 3,442 | 287 | 8% | |
| Landing fees and other rents | 2,912 | 2,650 | 262 | 10% | |
| Aircraft maintenance materials and outside repairs | 2,059 | 1,904 | 155 | 8% |
First 8 of 17 rows. The download has all of them.
Table 33 after “Non-Operating Results”
| Three Months Ended September 30, | Favorable (Unfavorable) | Nine Months Ended September 30, | Favorable (Unfavorable) | |||||
| (in millions) | 2026 | 2025 | 2026 | 2025 | ||||
| Interest expense, net | $(146) | $(171) | $25 | $(442) | $(521) | $79 | ||
| Gain/(loss) on investments, net | (218) | 311 | (529) | (419) | 1,007 | (1,426) | ||
| Gain/(loss) on extinguishment of debt | 2 | (6) | 8 | (3) | (26) | 23 | ||
| Miscellaneous, net | (18) | (41) | 23 | (87) | (143) | 56 | ||
| Total non-operating income/(expense) | $(380) | $93 | $(473) | $(951) | $317 | $(1,268) |
Table 34 after “For more information regarding the refinery's results, see Note 9 of the Notes to the Condensed Consolidated Financial Statements.”
| Refinery segment financial information | |||||||||
| Three Months Ended September 30, | Increase (Decrease) | Nine Months Ended September 30, | Increase (Decrease) | ||||||
| (in millions) | 2026 | 2025 | 2026 | 2025 | |||||
| Third party refinery sales | $2,601 | $1,476 | $1,125 | $6,346 | $3,680 | $2,666 | |||
| Sales to airline segment and other | 366 | 319 | 47 | 1,270 | 1,533 | (263) | |||
| Operating revenue | $2,967 | $1,795 | $1,172 | $7,616 | $5,213 | $2,403 | |||
| Operating income/(loss) | $(33) | $53 | $(86) | $278 | $42 | $236 |
Table 35 after “Operating Statistics”
| Three Months Ended September 30, | % Increase (Decrease) | Nine Months Ended September 30, | % Increase (Decrease) | ||||||||||||
| Consolidated(1) | 2026 | 2025 | 2026 | 2025 | |||||||||||
| Revenue passenger miles (in millions) ("RPM") | 68,133 | 67,621 | 1 | % | 191,369 | 189,717 | 1 | % | |||||||
| Available seat miles (in millions) ("ASM") | 79,288 | 79,054 | — | % | 227,145 | 225,099 | 1 | % | |||||||
| Passenger mile yield | 22.80 | ¢ | 19.97 | ¢ | 14 | % | 22.70 | ¢ | 20.48 | ¢ | 11 | % | |||
| Passenger revenue per available seat mile ("PRASM") | 19.59 | ¢ | 17.08 | ¢ | 15 | % | 19.13 | ¢ | 17.26 | ¢ | 11 | % | |||
| Total revenue per available seat mile ("TRASM") | 25.46 | ¢ | 21.09 | ¢ | 21 | % | 24.56 | ¢ | 21.04 | ¢ | 17 | % | |||
| TRASM, adjusted(2) | 22.18 | ¢ | 19.22 | ¢ | 15 | % | 21.77 | ¢ | 19.41 | ¢ | 12 | % |
First 8 of 14 rows. The download has all of them.
Table 36 after “Our operating aircraft fleet, purchase commitments and options at September 30, 2026 are summarized in the following table.”
| Mainline aircraft information by fleet type | ||||||||||
| Current Fleet(1) | Commitments | |||||||||
| Fleet Type | Owned | Finance Lease | Operating Lease | Total | Average Age (Years) | Purchase | Options | |||
| A220-100 | 45 | — | — | 45 | 6.8 | |||||
| A220-300 | 47 | — | — | 47 | 2.7 | 53 | ||||
| A319-100 | 57 | — | — | 57 | 24.6 | |||||
| A320-200 | 40 | — | — | 40 | 29.1 | |||||
| A321-200 | 77 | 8 | 42 | 127 | 7.8 |
First 8 of 24 rows. The download has all of them.
Table 37 after “The following table summarizes the aircraft operated by regional carriers on our behalf at September 30, 2026.”
| Regional aircraft information by fleet type and carrier | |||||||
| Fleet Type(1) | |||||||
| Carrier | CRJ-700 | CRJ-900 | Embraer 170 | Embraer 175 | Total | ||
| Endeavor Air, Inc.(2) | 17 | 130 | — | — | 147 | ||
| SkyWest Airlines, Inc. | 1 | 33 | — | 87 | 121 | ||
| Republic Airways Inc. | — | — | 11 | 46 | 57 | ||
| Total | 18 | 163 | 11 | 133 | 325 |
Table 38 after “We adjust for profit sharing because this adjustment allows investors to better understand and analyze our recurring cost performance and pr”
| Total revenue, adjusted reconciliation | |||
| Three Months Ended September 30, | |||
| (in millions) | 2026 | 2025 | |
| Total revenue | $20,186 | $16,673 | |
| Adjusted for: | |||
| Third-party refinery sales | (2,601) | (1,476) | |
| Total revenue, adjusted | $17,585 | $15,197 |
Table 39 after “Item 2. MD&A - Supplemental Information”
| Operating expense, adjusted reconciliation | ||||
| Three Months Ended September 30, | ||||
| (in millions) | 2026 | 2025 | ||
| Operating expense | $18,732 | $14,989 | ||
| Adjusted for: | ||||
| Third-party refinery sales | (2,601) | (1,476) | ||
| MTM adjustments and settlements on hedges | (208) | (5) | ||
| Operating expense, adjusted | $15,924 | $13,508 |
Table 40 after “Item 2. MD&A - Supplemental Information”
| Fuel expense, adjusted reconciliation | |||||||
| Average Price Per Gallon | |||||||
| Three Months Ended September 30, | Three Months Ended September 30, | ||||||
| (in millions, except per gallon data) | 2026 | 2025 | 2026 | 2025 | |||
| Total fuel expense | $4,351 | $2,570 | $3.80 | $2.26 | |||
| Adjusted for: | |||||||
| MTM adjustments and settlements on hedges | (208) | (5) | (0.18) | (0.01) | |||
| Total fuel expense, adjusted | $4,143 | $2,565 | $3.61 | $2.25 |
First 8 of 15 rows. The download has all of them.
Table 41 after “Item 2. MD&A - Supplemental Information”
| TRASM, adjusted reconciliation | ||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||
| TRASM (cents) | 25.46 | ¢ | 21.09 | ¢ | 24.56 | ¢ | 21.04 | ¢ | ||
| Adjusted for: | ||||||||||
| Third-party refinery sales | (3.28) | (1.87) | (2.79) | (1.63) | ||||||
| TRASM, adjusted | 22.18 | ¢ | 19.22 | ¢ | 21.77 | ¢ | 19.41 | ¢ |
Table 42 after “Item 2. MD&A - Supplemental Information”
| CASM-Ex reconciliation | ||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||
| CASM (cents) | 23.63 | ¢ | 18.96 | ¢ | 22.88 | ¢ | 19.11 | ¢ | ||
| Adjusted for: | ||||||||||
| Aircraft fuel and related taxes | (5.49) | (3.25) | (4.93) | (3.30) | ||||||
| Third-party refinery sales | (3.28) | (1.87) | (2.79) | (1.63) | ||||||
| MRO expense | (0.34) | (0.27) | (0.38) | (0.26) |
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Table 43 after “Certain cash flows related to our investments in and related transactions with other airlines and associated companies are included in our G”
| Free cash flow reconciliation | |
| (in millions) | Three Months Ended September 30, 2026 |
| Net cash provided by operating activities | $1,713 |
| Net cash used in investing activities | (1,303) |
| Adjusted for: | |
| Net cash flows related to certain airport construction projects and other | 9 |
| Strategic investments and related | 45 |
| Free cash flow | $463 |
Table 44 after “In the June 2025 quarter, the Board of Directors authorized a $1.0 billion opportunistic share repurchase program open through June 30, 2028”
| Shares purchased / withheld from employee awards during the September 2026 quarter | ||||||
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans | Approximate Dollar Value (in millions) of Shares That May Yet be Purchased Under the Plan | ||
| July 2026 | 18,242 | $92.85 | 18,242 | $1,000 | ||
| August 2026 | 3,365 | $87.89 | 3,365 | $1,000 | ||
| September 2026 | 6,732 | $82.45 | 6,732 | $1,000 | ||
| Total | 28,339 | 28,339 |
Table 45 after “(a) Exhibits”
| 3.1 (a) | Delta's Amended and Restated Certificate of Incorporation (Filed as Exhibit 3.1 to Delta's Current Report on Form 8-K as filed on April 30, 2007).* | |
| 3.1 (b) | Amendment to Amended and Restated Certificate of Incorporation (Filed as Exhibit 3.1 to Delta's Current Report on Form 8-K as filed on June 27, 2014).* | |
| 3.2 | Delta's Bylaws (Filed as Exhibit 3.1 to Delta's Current Report on Form 8-K as filed on December 9, 2022).* | |
| 4.1 | Description of Registrant's Securities (Filed as Exhibit 4.1 to Delta's Annual Report on Form 10-K for the year ended December 31, 2020).* | |
| 10.1 (a) | Supplemental Agreement No. 5, dated September 29, 2026, to Purchase Agreement No. PA-04696, dated July 18, 2022, between The Boeing Company and Delta Air Lines, Inc. relating to Boeing Model 737-10 Aircraft ("Supplemental Agreement No. 5").** | |
| 10.1 (b) | Letter Agreements, dated September 29, 2026, relating to Supplemental Agreement No. 5.** | |
| 15 | Letter from Ernst & Young LLP regarding unaudited interim financial information. | |
| 31.1 | Certification by Delta's Chief Executive Officer with respect to Delta's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026. |
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