Evereything you need to know about Delta Air Lines’ financial report, shows its profit of 15.58 billion USD
Thursday, June 27, 2024
Reading Time: 2 minutes
Delta Air Lines has reported its financial results for the June quarter of 2024 showcasing a strong performance across several key metrics.
The airline achieved a total operating revenue of $15.58 billion, a 13% increase from the same quarter last year.
This growth was driven by higher passenger volumes and increased demand for premium services.
Key Financial Highlights
Operating Income: Delta reported an operating income of $2.49 billion, up 64% from the previous year, reflecting improved operational efficiency and cost management.
Net Income: The net income for the quarter was $1.83 billion, significantly higher than the $735 million reported in the same period last year.
Earnings Per Share (EPS): Diluted earnings per share were $2.84, nearly double the $1.15 reported in the June quarter of 2023.
Operating Margin: The operating margin improved to 16.0%, up from 11.0% in the previous year, indicating better profitability.
Operational Achievements
Fleet Expansion: Delta took delivery of 18 new aircraft this year, including models such as the A321neo, A220-300, and A330-900, enhancing its fleet capabilities and operational efficiency.
Customer Loyalty: The airline welcomed over 3 million new SkyMiles members this quarter, setting a new record. Additionally, Delta continued to roll out fast, free Wi-Fi across its fleet, with full availability expected by the end of 2024.
Environmental Initiatives: Delta accelerated its commitment to sustainable aviation fuel (SAF) by purchasing 10 million gallons from Shell Aviation.The airline also completed the electrification of nearly all core ground service equipment at key hubs.
Delta’s strong financial performance this quarter underscores its strategic focus on operational excellence, customer loyalty, and sustainability.
The airline remains optimistic about continued growth and profitability in the coming quarters.
