Delta Air Lines reported Q2 2026 adjusted EPS of $1.95 on revenue of $16.2 billion, exceeding analyst projections by $0.10 and $400 million respectively. The carrier reaffirmed its full-year outlook, targeting $7.00 to $7.50 in adjusted EPS and capacity growth of 6%–8%.
Delta reported adjusted EPS of $1.95, beating consensus by $0.10, on revenue of $16.2 billion, $400 million above forecasts. Net income rose 12% year-over-year, driven by higher premium cabin yields and ancillary revenue growth.
System capacity increased 7% in Q2, with load factor improving to 84.5%. Domestic unit revenues grew 5%, while international yields rose 4%, supported by post-pandemic demand recovery.
Adjusted CASM excluding fuel dipped 1.5% year-over-year, aided by fleet efficiency and maintenance savings. Rising jet fuel costs were largely offset by hedges covering 65% of 2026 consumption.
Delta reaffirmed its full-year adjusted EPS guidance of $7.00–$7.50 and capacity growth of 6%–8%. The airline anticipates free cash flow exceeding $5 billion, bolstered by continued network optimization.
