DBEA55AED16C0C92252A6554BC1553B2 Clicky DBEA55AED16C0C92252A6554BC1553B2 Clicky
May 20, 2024

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Delta Air Lines reported revenues of $13.7 billion and a net profit of $37 million in the first quarter of 2024, the first quarter one profit since 2019 prior to the global pandemic.  Revenues were 8% up over 2023, which reported a first quarter net loss of $363 million for the same period last year.  

“For the March quarter we delivered record revenue on outstanding operational performance, enabling strong earnings growth” said CEO Ed Bastian. “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.”

 


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Ernest Arvai
President AirInsight Group LLC