{
 "ticker": "DAL",
 "name": "Delta",
 "url": "https://grantbishop.pages.dev/index/DAL",
 "sells": "Delta Air Lines sells passenger air travel through its global hub network.",
 "why": "We follow it because its customers may change what they buy as weight-loss drugs spread.",
 "questions": [
  {
   "slug": "customers-adjust",
   "question": "Which businesses must adjust as their customers change?",
   "url": "https://grantbishop.pages.dev/index/q/customers-adjust"
  }
 ],
 "tests": [
  {
   "id": "W-7",
   "claim": "Businesses keep adopting AI, but the economy-wide productivity lift does not arrive before 2028.",
   "url": "https://grantbishop.pages.dev/claims/ai-productivity-not-before-2028"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-Q",
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  "period": "2026-09-30",
  "url": "https://www.sec.gov/Archives/edgar/data/27904/000002790426000038/dal-20260930.htm"
 },
 "disclosed": [
  {
   "date": "2026-10-09",
   "figure": "$5.10",
   "what": "Delta full-year 2026 EPS guidance, low end",
   "source": "https://news.delta.com/delta-air-lines-announces-september-quarter-2026-financial-results"
  },
  {
   "date": "2026-10-09",
   "figure": "$5.60",
   "what": "Delta full-year 2026 EPS guidance, high end",
   "source": "https://news.delta.com/delta-air-lines-announces-september-quarter-2026-financial-results"
  },
  {
   "date": "2026-10-09",
   "figure": "$6 billion",
   "what": "Delta fuel cost increase absorbed",
   "source": "https://news.delta.com/delta-air-lines-announces-september-quarter-2026-financial-results"
  },
  {
   "date": "2026-09-30",
   "figure": "$4.1 billion",
   "what": "Delta adjusted fuel expense, September quarter 2026",
   "source": "https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-September-Quarter-2026-Financial-Results/default.aspx"
  },
  {
   "date": "2026-09-30",
   "figure": "62 percent",
   "what": "Delta adjusted fuel expense increase, September quarter 2026",
   "source": "https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-September-Quarter-2026-Financial-Results/default.aspx"
  },
  {
   "date": "2026-09-30",
   "figure": "$3.61 a gallon",
   "what": "Delta adjusted fuel price per gallon after refinery benefit, September quarter 2026",
   "source": "https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-September-Quarter-2026-Financial-Results/default.aspx"
  },
  {
   "date": "2026-09-30",
   "figure": "60 percent",
   "what": "Delta adjusted fuel price increase, September quarter 2026",
   "source": "https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-September-Quarter-2026-Financial-Results/default.aspx"
  },
  {
   "date": "2026-09-30",
   "figure": "25 percent",
   "what": "Delta CASM increase, September quarter 2026",
   "source": "https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-September-Quarter-2026-Financial-Results/default.aspx"
  },
  {
   "date": "2026-09-30",
   "figure": "$1.5 billion",
   "what": "Delta adjusted (non-GAAP) pre-tax profit, September quarter 2026",
   "source": "https://news.delta.com/delta-air-lines-announces-september-quarter-2026-financial-results"
  },
  {
   "date": "2026-09-30",
   "figure": "$1.1 billion",
   "what": "Delta GAAP pre-tax profit, September quarter 2026",
   "source": "https://news.delta.com/delta-air-lines-announces-september-quarter-2026-financial-results"
  },
  {
   "date": "2026-09-30",
   "figure": "$20.2 billion",
   "what": "Delta operating revenue, September quarter 2026",
   "source": "https://news.delta.com/delta-air-lines-announces-september-quarter-2026-financial-results"
  },
  {
   "date": "2026-07-10",
   "figure": "$6.50–$7.50",
   "what": "Delta prior full-year EPS guidance (low end)",
   "source": "https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-June-Quarter-2026-Financial-Results/default.aspx"
  },
  {
   "date": "2026-07-10",
   "figure": "$7.50",
   "what": "Delta prior full-year EPS guidance (high end)",
   "source": "https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-June-Quarter-2026-Financial-Results/default.aspx"
  },
  {
   "date": "2026-06-30",
   "figure": "17 percent",
   "what": "Delta premium revenue growth, June quarter 2026",
   "source": "https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-June-Quarter-2026-Financial-Results/default.aspx"
  },
  {
   "date": "2026-06-30",
   "figure": "12 percent",
   "what": "Delta domestic unit revenue growth, June quarter 2026 (piece calls it revenue per seat mile)",
   "source": "https://ir.delta.com/news/news-details/2026/Delta-Air-Lines-Announces-June-Quarter-2026-Financial-Results/default.aspx"
  }
 ],
 "check": "Revised after a check against the company's own annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-10-09 at launch."
  }
 ],
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    "what_it_said": "Its quarterly filing for the quarter ended September 30, 2026 said total operating cost per available seat mile (CASM) was up 25 percent on the year-earlier quarter.",
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    "what_it_said": "On 9 October Delta reported flat adjusted September-quarter profit.",
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 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
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 "mentions": [
  {
   "date": "2026-10-21",
   "slug": "quieter-hormuz-supply-shock",
   "headline": "Is a calmer Strait of Hormuz the end of the oil supply shock, or only the end of its worst phase?",
   "url": "https://grantbishop.pages.dev/pieces/quieter-hormuz-supply-shock",
   "line": null,
   "idea": {
    "id": "W-1",
    "text": null,
    "url": "https://grantbishop.pages.dev/claims/inflation-from-broken-supply"
   }
  },
  {
   "date": "2026-10-20",
   "slug": "where-else-economy-working-outside-ai-build",
   "headline": "Outside the artificial-intelligence build, is the economy growing, or just charging more?",
   "url": "https://grantbishop.pages.dev/pieces/where-else-economy-working-outside-ai-build",
   "line": null,
   "idea": {
    "id": "W-1",
    "text": null,
    "url": "https://grantbishop.pages.dev/claims/inflation-from-broken-supply"
   }
  }
 ],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}