Delta Air Lines’ summer results in line with expectations

UPDATE – Despite warning shots from some US airlines about lower results in Q3, Delta Air Lines seems to have been largely immune to any slump in air travel. The carrier reported another strong quarter, with revenues up in line with previous expectations. Domestic travel is steady, but the transatlantic and Latin America have produced a very strong summer.

Delta reported a $1.108 billion net profit for the September quarter compared to $695 million last year. Total (GAAP) revenues improved by thirteen percent to $15.488 billion, up from $13.975 billion. This was in line with the Q3 guidance of plus eleven to fourteen percent provided in July.

Passenger revenues were $13.119 billion, up from $11.464 billion in Q3 2022. While the main cabin revenues grew by $727 million to $6.620 billion, premium products saw a comparatively bigger increase of $759 million to $5.113 billion. By region, transatlantic revenues were up 34 percent year on year to $3.110 billion, with Latin America up by twenty percent to $788 million.