AI English summary of an SEC filing — figures as filed
Delta Air Lines DALThe company reported GAAP operating revenue of $14.0 billion, operating income of $569 million (operating margin of 4.0%), and earnings per share of $0.37 for the March 2025 quarter. Operating income for the same quarter last year was $614 million, with an operating margin of 4.5%.
Key points
AI summaryThe company reported GAAP operating revenue of $14.0 billion, operating income of $569 million (operating margin of 4.0%), and earnings per share of $0.37 for the March 2025 quarter. Operating income for the same quarter last year was $614 million, with an operating margin of 4.5%.
Delta Air Lines said adjusted (non-GAAP) operating revenue for March was $13.0 billion, up 3.3% from a year earlier. Adjusted operating income was $591 million (operating margin of 4.6%), adjusted earnings per share was $0.46, and adjusted TRASM fell 1.0% from a year earlier.
On a non-GAAP basis, the company gave its outlook for the Q2 quarter, with total revenue down 2% to up 2% from a year earlier, operating margin of 11% to 14%, and earnings per share of $1.70 to $2.30. The company said it is not reaffirming its full-year 2025 outlook given current uncertainty.
The company said adjusted operating cash flow for the March quarter was $2.4 billion, gross capital expenditures were $1.2 billion, and free cash flow was $1.3 billion. Adjusted net debt at quarter end was $16.9 billion, down $1.1 billion from the end of 2024, and it expects to repay at least $3 billion of debt this year.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
Delta reports March GAAP operating revenue of $14.0 billion and operating income of $569 million
The company reported GAAP operating revenue of $14.0 billion, operating income of $569 million (operating margin of 4.0%), and earnings per share of $0.37 for the March 2025 quarter. Operating income for the same quarter last year was $614 million, with an operating margin of 4.5%.
Source · Based on the filing body and exhibits
Adjusted Operating Revenue of $13.0 billion, Up 3.3% Year over Year
Delta Air Lines said adjusted (non-GAAP) operating revenue for March was $13.0 billion, up 3.3% from a year earlier. Adjusted operating income was $591 million (operating margin of 4.6%), adjusted earnings per share was $0.46, and adjusted TRASM fell 1.0% from a year earlier.
Source · Based on the filing body and exhibits
Q2 Outlook: Operating Margin of 11% to 14%, EPS of $1.70 to $2.30
On a non-GAAP basis, the company gave its outlook for the Q2 quarter, with total revenue down 2% to up 2% from a year earlier, operating margin of 11% to 14%, and earnings per share of $1.70 to $2.30. The company said it is not reaffirming its full-year 2025 outlook given current uncertainty.
Source · Based on the filing body and exhibits
March Quarter Free Cash Flow of $1.3 billion, Adjusted Net Debt of $16.9 billion
The company said adjusted operating cash flow for the March quarter was $2.4 billion, gross capital expenditures were $1.2 billion, and free cash flow was $1.3 billion. Adjusted net debt at quarter end was $16.9 billion, down $1.1 billion from the end of 2024, and it expects to repay at least $3 billion of debt this year.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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