Delta Air Lines, Inc. (Delta) reported its financial results for the quarter ending June 30, 2024, with a press release dated July 11, 2024. The company announced record June quarter revenue and a 15 percent operating margin, resulting in a pre-tax income of $2 billion. CEO Ed Bastian highlighted the exceptional work of Delta's 100,000 employees, contributing to industry-leading operational performance and customer service. The airline also declared a 50 percent increase in dividend payments starting in the September quarter and reiterated its full-year earnings per share (EPS) guidance of $6 to $7 and free cash flow of $3 to $4 billion. Delta's GAAP financial results for the June quarter included an operating revenue of $16.7 billion, operating income of $2.3 billion, and earnings per share of $2.01. Adjusted financial...Show More

Delta Air Lines, Inc. (Delta) reported its financial results for the quarter ending June 30, 2024, with a press release dated July 11, 2024. The company announced record June quarter revenue and a 15 percent operating margin, resulting in a pre-tax income of $2 billion. CEO Ed Bastian highlighted the exceptional work of Delta's 100,000 employees, contributing to industry-leading operational performance and customer service. The airline also declared a 50 percent increase in dividend payments starting in the September quarter and reiterated its full-year earnings per share (EPS) guidance of $6 to $7 and free cash flow of $3 to $4 billion. Delta's GAAP financial results for the June quarter included an operating revenue of $16.7 billion, operating income of $2.3 billion, and earnings per share of $2.01. Adjusted financial results showed a 5.4 percent increase in operating revenue compared to the June quarter of 2023, with operating income of $2.3 billion and earnings per share of $2.36. The company's adjusted debt to EBITDAR ratio improved to 2.8x, down from 3.0x at the end of 2023, and the return on invested capital was 13.1 percent. Delta's outlook for the September quarter includes a total revenue year-over-year increase of 2 to 4 percent and an operating margin of 11 to 13 percent, with EPS forecasted at $1.70 to $2.00.