Delta Air Lines Files 8-K on Material Agreement & Financials

TL;DR

**DAL just dropped an 8-K about a new material agreement and financial results, big news for investors.**

AI Summary

Delta Air Lines, Inc. filed an 8-K on January 12, 2024, reporting an event that occurred on January 11, 2024, concerning an entry into a material definitive agreement and results of operations and financial condition. This filing indicates significant corporate activity that could impact Delta's future financial performance and strategic direction. Investors should pay close attention to the details of the material agreement and financial results, as they could influence the stock's valuation and future growth prospects.

Why It Matters

This filing signals important corporate actions and financial updates from Delta Air Lines, which could directly affect its stock price and long-term investor value. Understanding these details is crucial for assessing the company's health and future outlook.

Risk Assessment

Risk Level: medium — The filing mentions a 'material definitive agreement' and 'results of operations and financial condition' without specific details, creating uncertainty about the nature and impact of these events.

Analyst Insight

A smart investor would await further details on the 'Material Definitive Agreement' and 'Results of Operations and Financial Condition' before making significant investment decisions, as the current filing lacks specific financial impacts.

Key Numbers

• $0.0001 — par value per share (par value of Delta's Common Stock)

Key Players & Entities

• DELTA AIR LINES, INC. (company) — the registrant filing the 8-K
• January 11, 2024 (date) — date of earliest event reported
• January 12, 2024 (date) — date the 8-K was filed
• 001-05424 (other) — Commission File Number for Delta Air Lines
• New York Stock Exchange (other) — exchange where Delta's Common Stock is registered

Forward-Looking Statements

• Delta Air Lines will provide more specific details regarding the 'Material Definitive Agreement' in a subsequent filing or earnings call. (Delta Air Lines, Inc.) — high confidence, target: Q1 2024 earnings report
• The 'Results of Operations and Financial Condition' mentioned will likely be part of Delta's upcoming Q4 2023 or full-year 2023 earnings release. (Delta Air Lines, Inc.) — high confidence, target: January-February 2024

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share DAL New York Stock Exchange

Filing Documents

• delta_8k.htm (8-K) — 31KB
• delta_ex9901.htm (EX-99.1) — 562KB
• delta_ex9902.htm (EX-99.2) — 12KB
• image_001.jpg (GRAPHIC) — 113KB
• image_002.jpg (GRAPHIC) — 103KB
• image_003.jpg (GRAPHIC) — 287KB
• image_004.jpg (GRAPHIC) — 234KB
• image_005.jpg (GRAPHIC) — 2KB
• 0001683168-24-000244.txt ( ) — 1844KB
• dal-20240111.xsd (EX-101.SCH) — 3KB
• dal-20240111_lab.xml (EX-101.LAB) — 33KB
• dal-20240111_pre.xml (EX-101.PRE) — 22KB
• delta_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 11, 2024, Delta Air Lines, Inc. ("Delta") entered into a definitive agreement with Airbus S.A.S. to purchase 20 Airbus A350-1000 aircraft, with an option to purchase up to an additional 20 widebody aircraft. Deliveries of the A350-1000 aircraft will begin in 2026. In addition to improved fuel efficiency, these aircraft will add higher gauge, including more premium seating and greater cargo capabilities, to Delta's international widebody fleet. The order for the aircraft is within Delta's previously announced capital expenditure and capacity targets.

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. Delta today issued a press release reporting financial results for the quarter ended December 31, 2023 and full year 2023. The press release is furnished as Exhibit 99.1 to this Form 8-K. In addition, a summary containing supplemental information is being furnished as Exhibit 99.2 to this Form 8-K. The information furnished in this Form 8-K, including Exhibits 99.1 and 99.2 attached hereto, shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit 99.1 Press Release dated January 12, 2024 titled "Delta Air Lines Announces December Quarter and Full Year 2023 Financial Results" Exhibit 99.2 Supplemental Information Exhibit 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL 2

Forward Looking Statements

Forward Looking Statements including statements regarding our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered "forward-looking statements" under the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements are not guarantees or promised outcomes and should not be construed as such. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments and strategies reflected in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the impact of incurring significant debt in response to the COVID-19 pandemic; failure to comply with the financial and other covenants in our financing agreements; the possible effects of accidents involving our aircraft or aircraft of our airline partners; breaches or lapses in the security of technology systems on which we rely, which could compromise the data stored within them, as well as failure to comply with ever-evolving global privacy and security regulatory obligations or adequately address increasing customer focus on privacy issues and data security; disruptions in our information technology infrastructure; our dependence on technology in our operations; our commercial relationships with airlines in other parts of the world and the investments we have in certain of those airlines; the effects of a significant disruption in the operations or performance of third parties on which we rely; failure to realize the full value of intangible or long-lived assets; labor issues; the effects on our business of seasonality and other factors beyond our control, including

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DELTA AIR LINES, INC. By: /s/ Daniel C. Janki Daniel C. Janki Date: January 12, 2024 Executive Vice President & Chief Financial Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR