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

Ticker: DAL · Form: 8-K · Filed: 2024-01-12T00:00:00.000Z

Sentiment: mixed

Topics: material-agreement, financial-condition, corporate-event

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

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

The primary purpose of this 8-K filing is to report an 'Entry into a Material Definitive Agreement' and 'Results of Operations and Financial Condition' as of the earliest event reported on January 11, 2024.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 11, 2024.

What is the trading symbol and the exchange where Delta Air Lines, Inc.'s Common Stock is registered?

Delta Air Lines, Inc.'s Common Stock trades under the symbol DAL and is registered on the New York Stock Exchange.

What is the state of incorporation for Delta Air Lines, Inc.?

Delta Air Lines, Inc. is incorporated in Delaware.

What is the par value of Delta Air Lines, Inc.'s Common Stock?

The par value of Delta Air Lines, Inc.'s Common Stock is $0.0001 per share.

From the Filing

0001683168-24-000244.txt : 20240112 0001683168-24-000244.hdr.sgml : 20240112 20240112063010 ACCESSION NUMBER: 0001683168-24-000244 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20240111 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240112 DATE AS OF CHANGE: 20240112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELTA AIR LINES, INC. CENTRAL INDEX KEY: 0000027904 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 580218548 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05424 FILM NUMBER: 24530530 BUSINESS ADDRESS: STREET 1: HARTSFIELD-JACKSON ATLANTA INTL AIRPORT STREET 2: 1030 DELTA BOULEVARD CITY: ATLANTA STATE: GA ZIP: 30354-1989 BUSINESS PHONE: 4047152600 MAIL ADDRESS: STREET 1: 1030 DELTA BLVD. STREET 2: DEPT 981 CITY: ATLANTA STATE: GA ZIP: 30354 FORMER COMPANY: FORMER CONFORMED NAME: DELTA AIR LINES INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DELTA AIR CORP DATE OF NAME CHANGE: 19660908 8-K 1 delta_8k.htm FORM 8-K false 0000027904 0000027904 2024-01-11 2024-01-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): January 11, 2024   DELTA AIR LINES, INC.   (Exact name of registrant as specified in its charter)   Delaware   001-05424   58-0218548 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   P.O. Box 20706 , Atlanta , Georgia 30320-6001 (Address of principal executive offices)   Registrant’s telephone number, including area code: (404) 715-2600   Registrant’s Web site address: www.delta.com   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.0001 per share DAL New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐                 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 h