Delta reports Q2 EPS of $1.56, affirms full-year guidance, raises dividend 15%

Filed July 10, 2026 · Period ending July 10, 2026 · ~1 min read

Key Changes

• high

  Q2 adjusted EPS of $1.56 beat guidance despite record $4.4B fuel expense (up 77% YoY); affirmed full-year adjusted EPS guidance of $6.50–$7.50 (20% growth) and $3–4B free cash flow target.

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• high

  Announced 15% dividend increase starting Q3 2026; reduced adjusted net debt by $709M from year-end 2025 to $13.6B, targeting ~2x gross leverage by year-end.

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• high

  Q2 revenue grew 14% YoY to $17.7B on ~1% capacity growth, with adjusted unit revenue up 12.4%; premium revenue +17%, loyalty +19%, corporate sales up double-digits across all sectors.

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