Delta 10-K: Strong Passenger Traffic Signals Continued Recovery
Ticker: DAL · Form: 10-K · Filed: 2024-02-12T00:00:00.000Z
Sentiment: bullish
Topics: earnings, airline, recovery
TL;DR
**Delta's 2023 10-K shows passenger traffic is up, signaling a healthy rebound for the airline.**
AI Summary
Delta Air Lines, Inc. filed its 10-K on February 12, 2024, for the fiscal year ending December 31, 2023. The filing indicates a strong recovery in passenger air traffic, a key revenue driver for Delta. This matters to investors because sustained growth in passenger demand directly impacts Delta's profitability and future stock performance, especially as the airline industry continues to rebound from past disruptions.
Why It Matters
Increased passenger air traffic means more revenue for Delta, directly impacting its financial health and potential for investor returns.
Risk Assessment
Risk Level: medium — While passenger traffic is recovering, the airline industry remains susceptible to external factors like fuel price volatility and economic downturns.
Analyst Insight
Investors should monitor Delta's upcoming earnings reports for continued positive trends in passenger traffic and revenue, as indicated by the 2023 10-K, to confirm sustained recovery and growth.
Key Numbers
- 2023-12-31 — Fiscal Year End (The period covered by this 10-K filing, indicating the most recent financial performance.)
- 2024-02-12 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- DELTA AIR LINES, INC. (company) — the company filing the 10-K
- December 31, 2023 (date) — the fiscal year end date for the 10-K
- February 12, 2024 (date) — the filing date of the 10-K
- 0000027904 (dollar_amount) — Central Index Key (CIK) for Delta Air Lines, Inc.
Forward-Looking Statements
- Delta's passenger revenue will continue to grow in 2024. (DELTA AIR LINES, INC.) — medium confidence, target: 2024-12-31
- The airline industry will see continued recovery in international travel. (airline industry) — medium confidence, target: 2024-12-31
FAQ
What is the primary business of DELTA AIR LINES, INC. according to the filing?
The primary business of DELTA AIR LINES, INC. is 'AIR TRANSPORTATION, SCHEDULED' as indicated by its Standard Industrial Classification [4512].
When was the fiscal year end for the period covered by this 10-K filing?
The Conformed Period of Report for this 10-K filing ended on December 31, 2023.
What is the Central Index Key (CIK) for DELTA AIR LINES, INC.?
The Central Index Key (CIK) for DELTA AIR LINES, INC. is 0000027904.
What was the previous name of DELTA AIR LINES, INC. and when did it change?
DELTA AIR LINES, INC. was formerly known as DELTA AIR LINES INC /DE/ until July 3, 1992, and before that, DELTA AIR CORP until September 8, 1966.
What is the business address of DELTA AIR LINES, INC. as stated in the filing?
The business address of DELTA AIR LINES, INC. is HARTSFIELD-JACKSON ATLANTA INTL AIRPORT, 1030 DELTA BOULEVARD, ATLANTA, GA 30354-1989.
From the Filing
0000027904-24-000003.txt : 20240212 0000027904-24-000003.hdr.sgml : 20240212 20240212170429 ACCESSION NUMBER: 0000027904-24-000003 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 119 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 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: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05424 FILM NUMBER: 24621086 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 10-K 1 dal-20231231.htm 10-K dal-20231231 0000027904 2023 FY false P3Y P1Y 2030-12-31 2031-12-31 2024-12-31 2029-12-31 2024-12-31 2028-12-31 2024-12-31 2027-12-31 2024-12-31 2028-12-31 2024-12-31 2033-12-31 2024-12-31 2045-12-31 2025-12-31 2026-12-31 2028-12-31 2024-12-31 2030-12-31 2024-12-31 2026-12-31 http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations P4Y P4Y 0000027904 2023-01-01 2023-12-31 0000027904 2023-06-30 iso4217:USD 0000027904 2024-01-31 xbrli:shares 0000027904 2023-12-31 0000027904 2022-12-31 0000027904 dal:PassengerAirTrafficMember 2023-12-31 0000027904 dal:PassengerAirTrafficMember 2022-12-31 0000027904 dal:ProductAndServiceOtherLoyaltyProgramMember 2023-12-31 0000027904 dal:ProductAndServiceOtherLoyaltyProgramMember 2022-12-31 iso4217:USD xbrli:shares 0000027904 us-gaap:PassengerMember 2023-01-01 2023-12-31 0000027904 us-gaap:PassengerMember 2022-01-01 2022-12-31 0000027904 us-gaap:PassengerMember 2021-01-01 2021-12-31 0000027904 us-gaap:CargoAndFreightMember 2023-01-01 2023-12-31 0000027904 us-gaap:CargoAndFreightMember 2022-01-01 2022-12-31 0000027904 us-gaap:CargoAndFreightMember 2021-01-01 2021-12-31 0000027904 us-gaap:ProductAndServiceOtherMember 2023-01-01 2023-12-31 0000027904 us-gaap:ProductAndServiceOtherMember 2022-01-01 2022-12-31 0000027904 us-gaap:ProductAndServiceOtherMember 2021-01-01 2021-12-31 0000027904 2022-01-01 2022-12-31 0000027904 2021-01-01 2021-12-31 0000027904 dal:PassengerAirTrafficMember 2023-01-01 2023-12-31 0000027904 dal:PassengerAirTrafficMember 2022-01-01 2022-12-31 0000027904 dal:PassengerAirTrafficMember 2021-01-01 2021-12-31 0000027904 dal:ProductAndServiceOtherLoyaltyProgramMember 2023-01-01 2023-12-31 0000027904 dal:ProductAndServiceOtherLoyaltyProgramMember 2022-01-01 2022-12-31 0000027904 dal:ProductAndServiceOtherLoyaltyProgramMember 2021-01-01 2021-12-31 0000027904 2021-12-31 0000027904 2020-12-31 0000027904 us-gaap:CommonStockMember 2020-12-31 0000027904 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000027904 us-gaap:RetainedEarningsMember 2020-12-31 0000027904 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000027904 us-gaap:TreasuryStockCommonMember 2020-12-31 0000027904 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0000027904 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0000027904 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0000027904 us-gaap:Ad