Delta Air Lines Announces March Quarter 2026 Financial Results

Delta Air Lines reported its financial results for the quarter ended March 31, 2026. The company achieved record operating revenue of $15.9 billion, a 13% increase year-over-year, driven by strong demand across corporate and leisure segments. Adjusted operating revenue was $14.2 billion, up 9.4% from the prior year. The company reported an operating income of $501 million and a pre-tax loss of $214 million on a GAAP basis. On a non-GAAP basis, pre-tax income was $532 million with an operating margin of 4.6%. Earnings per share were $0.64. Delta expects revenue growth of low-teens in the June quarter with flat capacity growth, forecasting a pre-tax profit of around $1 billion despite a significant increase in fuel expenses. The company continues to strengthen its balance sheet, with adjusted net debt below 2019 levels.