ATLANTA — Delta Air Lines' (DL) 2026 March-quarter results show a classic split between GAAP and adjusted performance: GAAP net loss was driven by non-operating items (notably investment marks), while adjusted profitability improved year over year with higher adjusted operating revenue and stronger adjusted pre-tax income.
The charts below visualize the quarter’s headline P&L, YoY adjusted performance, and unit economics (TRASM vs CASM-Ex and fuel price).
Featured image: Michael Rodeback/Airways
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