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Delta (DAL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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Delta Air Lines (DAL - Free Report) reported $17.67 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 6.1%. EPS of $1.56 for the same period compares to $2.10 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $17.76 billion, representing a surprise of -0.53%. The company delivered an EPS surprise of +3.31%, with the consensus EPS estimate being $1.51.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Delta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Passenger load factor: 84.8% versus the four-analyst average estimate of 85.9%.
  • Revenue passenger miles: 66.77 billion versus the three-analyst average estimate of 67.17 billion.
  • CASM - Ex: 14.09 cents versus 14.25 cents estimated by three analysts on average.
  • Average price per fuel gallon, adjusted: $3.93 versus the three-analyst average estimate of $4.05.
  • Available seat miles: 78.69 billion versus 78.25 billion estimated by three analysts on average.
  • TRASM, adjusted: 22.45 cents versus the three-analyst average estimate of 22.49 cents.
  • Passenger revenue per available seat mile: 19.83 cents versus the three-analyst average estimate of 20.19 cents.
  • Total revenue per available seat mile: 25.11 cents versus 23.38 cents estimated by two analysts on average.
  • Passenger mile yield: 23.38 cents versus 23.3 cents estimated by two analysts on average.
  • Operating Revenues- Passenger: $15.61 billion compared to the $15.74 billion average estimate based on four analysts. The reported number represents a change of +12.6% year over year.
  • Operating Revenues- Cargo: $294 million versus $224.17 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +38.7% change.
  • Operating Revenues- Other: $3.86 billion versus the two-analyst average estimate of $3.21 billion. The reported number represents a year-over-year change of +50.1%.

View all Key Company Metrics for Delta here>>>

Shares of Delta have returned +8.8% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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