Summary by Moomoo AI
Delta Air Lines delivered record Q2 2024 revenue of $15.4 billion, up 5.4% YoY, with operating income of $2.3 billion and a 14.7% operating margin. Pre-tax income reached $2 billion with earnings per share of $2.36. The company generated $2.5 billion in operating cash flow and $1.3 billion in free cash flow.Premium and loyalty revenues showed strong growth, with premium revenue up 10% and loyalty revenue increasing 8% YoY. Premium products and diverse revenue streams now account for 56% of adjusted revenue. The airline maintained industry-leading operational performance with best-in-class service, accruing $644 million in profit sharing year-to-date.Delta announced a 50% increase in quarterly dividend starting September and reiterated its full-year guidance of $6-7 EPS and $3-4 billion free cash flow. For Q3, the company expects a double-digit operating margin of 11-13% and pre-tax profit of approximately $1.5 billion, with revenue growth projected at 2-4% YoY.
