Delta Air Lines reports higher quarterly revenue

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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; failure of the technology we use or depend on to perform effectively, including new and emerging technologies; increases in the price of aircraft fuel; extended disruptions in the supply of aircraft fuel, including from Monroe Energy, LLC ("Monroe"), our wholly-owned subsidiary that operates the Trainer refinery; failure to achieve 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 or other covenants in our financing agreements; labor-related disruptions; the effects on our business of seasonality and other factors beyond our control, such as changes in value in our equity investments, severe weather conditions, natural disasters or other environmental events, including from the impact of climate change; failure or inability of insurance to cover a significant liability at Monroe's refinery; failure to comply with existing and future environmental regulations to which Monroe's refinery operations are subject, including those relating to the discharge of materials into the environment, waste management, pollution prevention measures and greenhouse gas emissions; significant damage to our reputation and brand, including from exposure to significant adverse publicity or inability to achieve certain sustainability goals; our ability to retain senior management and other key employees, and to maintain our company culture; disease outbreaks or other public health threats, and measures implemented to combat them; the effects of terrorist attacks, geopolitical conflict or security events; competitive conditions in the airline industry; extended interruptions or disruptions in service at major airports where we operate; significant problems associated with types of aircraft or engines we operate; the effects of extensive regulatory and legal compliance requirements we are subject to; the impact of laws and regulations governing environmental protection, including but not limited to regulation of hazardous substances, increased regulation to reduce emissions and other risks associated with climate change, and the cost of compliance with more stringent environmental regulations; and unfavorable economic or political conditions in the markets in which we operate or volatility in currency exchange rates.

Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in our Securities and Exchange Commission (SEC) filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other filings filed with the SEC from time to time. Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of the date of this press release, and which we undertake no obligation to update except to the extent required by law. DELTA AIR LINES, INC.

Consolidated Statements of Operations (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, ------------------------------ (in millions, except per share data) 2026 2025 $ Change % Change 2026 2025 $ Change % Change ------------------- -------------- -------------- -------------- -------- -------------- -------------- -------------- -------- Operating Revenue: Passenger $ 15,534 $ 13,506 $ 2,028 15 % $ 43,443 $ 38,852 $ 4,591 12 % Cargo 301 233 68 29 % 821 654 167 26 % Other 4,351 2,934 1,417 48 % 11,533 7,855 3,678 47 % -------------- -------------- -------------- -------------- -------------- -------------- Total operating revenue 20,186 16,673 3,513 21 % 55,797 47,361 8,436 18 % Operating Expense: Salaries and related costs 4,822 4,443 379 9 % 14,124 12,928 1,196 9 % Aircraft fuel and related taxes 4,351 2,570 1,781 69 % 11,202 7,439 3,763 51 % Refinery expense 2,601 1,476 1,125 76 % 6,346 3,679 2,667 72 % Contracted services 1,277 1,166 111 10 % 3,729 3,442 287 8 % Landing fees and other rents 1,021 921 100 11 % 2,912 2,650 262 10 % Aircraft maintenance materials and outside repairs 662 667 (5) (1) % 2,059 1,904 155 8 % Passenger commissions and other selling expenses 703 645 58 9 % 2,019 1,869 150 8 % Regional carrier expense 680 649 31 5 % 2,001 1,913 88 5 % Depreciation and amortization 673 614 59 10 % 1,964 1,823 141 8 % Passenger service 494 485 9 2 % 1,411 1,397 14 1 % Profit sharing 389 392 (3) (1) % 882 986 (104) (11) % MRO expense 267 212 55 26 % 868 581 287 49 % Aircraft rent 159 135 24 18 % 469 408 61 15 % Other 633 614 19 3 % 1,992 1,987 5 -- % -------------- -------------- -------------- -------------- -------------- -------------- Total operating expense 18,732 14,989 3,743 25 % 51,978 43,006 8,972 21 % -------------- -------------- -------------- -------------- -------------- ------------- Operating Income 1,454 1,684 (230) (14) % 3,819 4,355 (536) (12) % Non-Operating Income/(Expense): Interest expense, net (146) (171) 25 (15) % (442) (521) 79 (15) % Gain/(loss) on investments, net (218) 311 (529) NM (419) 1,007 (1,426) NM Gain/(loss) on extinguishment of debt 2 (6) 8 NM (3) (26) 23 (88) % Miscellaneous, net (18) (41) 23 (56) % (87) (143) 56 (39) % -------------- -------------- -------------- -------------- -------------- -------------- Total non-operating income/(expense), net (380) 93 (473) NM (951) 317 (1,268) NM -------------- -------------- -------------- -------------- -------------- ------------- Income Before Income Taxes 1,074 1,777 (703) (40) % 2,868 4,672 (1,804) (39) % Income Tax Provision (318) (360) 42 (12) % (798) (886) 88 (10) % (MORE TO FOLLOW) Dow Jones Newswires October 09, 2026 06:30 ET (10:30 GMT) The statements in this document shall not be considered as an objective or independent explanation of the matters.

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