Delta Air Lines Inc. (NYSE:DAL) reported second-quarter 2026 results on Friday that topped Wall Street estimates for adjusted earnings and revenue. However, the stock traded lower after the release.
Adjusted earnings came in at $1.56 per share, topping the $1.47 estimate, while GAAP diluted earnings fell 25% year over year to $2.44 per share.
Record Revenue, Lower Margins
Operating revenue rose 19% to $19.76 billion, topping the $17.53 billion estimate. Adjusted operating revenue increased 13.9% to a record $17.67 billion on about 1% capacity growth.
Adjusted operating income declined 24% to $1.56 billion, while the adjusted operating margin narrowed to 8.8% from 13.3%. Adjusted net income fell 26% to $1.03 billion.
