Delta Air Lines, Inc. · DAL · Next earnings

Delta Air Lines, Inc. reports Friday, Oct 9, 2026

DAL reports before market open with consensus EPS at $2.01 and revenue at $17.59B. Last quarter: Delta Air Lines Q2 FY2026: Record Revenue and Profit Beat Despite $2B Fuel Headwind

Reports Before market open19 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $2.01 Calendar consensus
Consensus revenue $17.59B Calendar consensus
Report date Oct 9, 2026 Friday, date estimated
Session Before market open 19 days away

Where DAL left off: FY2026 Q2

Full report

Delta Air Lines Q2 FY2026: Record Revenue and Profit Beat Despite $2B Fuel Headwind

EPS surprise +64.4% Reported $2.45 vs $1.49
Revenue surprise +13.4% Reported $19.76B vs $17.43B
Stock move +2.0% Event window
Subsequent drift -0.9% Up to 20 sessions

Management maintained full-year earnings guidance, consistent with the prior quarter's maintained stance. They expressed confidence in sustaining double-digit operating margins in H2 FY2026 and reiterated mid-teens operating margins as a long-term target. No explicit upward or downward revision to quantitative guidance was noted. The guidance sentiment remained 'maintained' from Q1 to Q2, reinforcing management's view that diversified revenue streams can absorb fuel pressure without requiring a guidance reset.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Continued fuel price volatility and higher unit fuel costs remain the primary near-term headwind.
  • Rising labor and airport fees pressure operating margins as contracts and infrastructure costs escalate.
  • Potential aircraft delivery constraints (Max 10, A321neo) could limit planned capacity growth.
  • The refinery outage may limit fuel cost offsets in upcoming quarters if throughput recovery stalls.
  • Macroeconomic headwinds, particularly in corporate travel demand, could weaken the demand backdrop.

Questions analysts left open

  • Unit revenue progression across the quarter and its trajectory into H2.
  • Sustainability of pricing power amid persistent fuel cost pressures.
  • CASM (cost per available seat mile) outlook and labor contract cost impacts.
  • Load factor trends by cabin and their effect on RASM.
  • Status and impact of the refinery outage on future fuel cost offsets.

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Recent DAL quarters

All DAL earnings
+2.0%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.