Delta Air Lines Files 8-K for Regulation FD Disclosure

Ticker: DAL · Form: 8-K · Filed: Mar 12, 2024 · CIK: 27904

Sentiment: neutral

Topics: regulation-fd, disclosure

Related Tickers: DAL

TL;DR

Delta just dropped an 8-K, likely with news that matters for traders.

AI Summary

On March 12, 2024, Delta Air Lines, Inc. filed an 8-K report. The filing primarily serves as a notification of a Regulation FD Disclosure, indicating that the company is releasing material non-public information to the public. No specific financial figures or new business developments were detailed in this particular filing.

Why It Matters

This filing signals that Delta Air Lines is making a public announcement of information that could affect its stock price, ensuring fair disclosure to all investors.

Risk Assessment

Risk Level: low — The filing is a standard procedural disclosure and does not contain information about significant financial changes or operational risks.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing by Delta Air Lines?

The primary purpose of this 8-K filing is to serve as a Regulation FD Disclosure, indicating the release of material non-public information.

What is the date of the earliest event reported in this filing?

The date of the earliest event reported is March 12, 2024.

Under which section of the Securities Exchange Act is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

What is Delta Air Lines' principal executive office address?

Delta Air Lines' principal executive offices are located at P.O. Box 20706, Atlanta, Georgia 30320-6001.

Does this 8-K filing contain specific financial results or new business initiatives?

No, this particular 8-K filing is primarily a procedural disclosure for Regulation FD and does not detail specific financial results or new business initiatives.

Filing Stats: 1,489 words · 6 min read · ~5 pages · Grade level 12.8 · Accepted 2024-03-12 06:30:10

Key Financial Figures

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. As previously announced, executives of Delta Air Lines, Inc. ("Delta") are presenting at the J.P. Morgan Industrials Conference on March 12, 2024. Delta is reaffirming its outlook, previously provided on January 12, 2024, for the full year 2024 and March quarter. Delta expects to deliver year-over-year total revenue growth in the top half of the initial guidance range for the March quarter. FY24 Forecast Earnings Per Share $6 - $7 Free Cash Flow ($B) $3 - $4 Adjusted Debt to EBITDAR 2x - 3x 1Q24 Forecast Total Revenue YoY Up 3% - 6% Operating Margin Approx. 5% Earnings Per Share $0.25 - $0.50 Reconciliation of Non-GAAP Financial Measures The financial measures included above ("non-GAAP financial measures") are derived from Delta's Consolidated Financial Statements, but are not presented in accordance with accounting principles generally accepted in the U.S. ("GAAP"). Under the U.S. Securities and Exchange Commission rules, non-GAAP financial measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. Delta is not able to reconcile certain forward looking non-GAAP financial measures included above without unreasonable effort because the adjusting items will not be known until the end of the indicated future periods and could be significant. Included below are reconciliations of certain non-GAAP financial measures to the most directly comparable GAAP financial measures. Reconciliations below may not calculate exactly due to rounding. The following adjustments are made to provide comparability between the reported periods, if applicable, and for the reasons indicated below: Third-party refinery sales . Refinery sales to third parties, and related expenses, are not related to Delta's airline segment. Excluding these sales therefore provides a more meaningful comparison of Delta's airline operations to the res

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 possible effects of serious accidents involving our aircraft or aircraft of our airline partners; breaches or lapses in the security of technology systems we use and rely on, which could compromise the data stored within them, as well as failure to comply with 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; increases in the cost of aircraft fuel; extended disruptions in the supply of aircraft fuel, including from Monroe Energy, LLC ("Monroe"), a wholly-owned subsidiary of Delta that operates the Trainer refinery; failure to receive the expected results or returns from 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 comply with the financial and other covenants in our finan

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: March 12, 2024 Executive Vice President & Chief Financial Officer 5

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