Latest News
HomeAviationDelta Air Lines announces operating revenue of $13.7bn for March Quarter 2024
Airlines

Delta Air Lines announces operating revenue of $13.7bn for March Quarter 2024

Delta Air Lines

March quarter revenue and earnings at the high end of guidance.

Delta Air Lines reported financial results for the March quarter and provided its outlook for the June quarter.

“Thanks to the extraordinary work of our 100,000 people, Delta is delivering the best operational reliability in our history, and we have widened the gap to our competitors. We were thrilled to recognize their efforts with $1.4 billion in profit sharing payouts during the quarter,” said Ed Bastian, Delta’s Chief Executive Officer.

“For the March quarter, we delivered record revenue on outstanding operational performance, enabling strong earnings growth. We anticipate continued strong momentum for our business, and in the June quarter, we expect to deliver record revenue, a mid-teens operating margin and earnings of $2.20 to $2.50 per share. We remain confident in our full year targets for earnings of $6 to $7 per share and free cash flow of $3 to $4 billion.”

March Quarter 2024 GAAP Financial Results
  • Operating revenue of $13.7 billion
  • Operating income of $614 million with an operating margin of 4.5 percent
  • Pre-tax income of $122 million with a pre-tax margin of 0.9 percent
  • Earnings per share of $0.06
  • Operating cash flow of $2.4 billion
  • Payments on debt and finance lease obligations of $712 million
  • Total debt and finance lease obligations of $19.4 billion at quarter end
March Quarter 2024 Adjusted Financial Results
  • Operating revenue of $12.6 billion, 6 percent higher than the March quarter 2023
  • Operating income of $640 million with an operating margin of 5.1 percent
  • Pre-tax income of $380 million with a pre-tax margin of 3.0 percent
  • Earnings per share of $0.45
  • Operating cash flow of $2.5 billion
  • Free cash flow of $1.4 billion
  • Adjusted debt to EBITDAR of 2.9x, down from 3.0x at the end of 2023
  • Return on invested capital of 13.8 percent on a trailing five quarter average, up 2.8 points over prior year.
Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

17/05/2024
16/05/2024
15/05/2024
14/05/2024
13/05/2024