Delta Air Lines reported its financial performance for the quarter ended June 30, 2024, with operating revenue increasing to $16.658 billion, up from $15.578 billion in the same quarter of the previous year. The airline segment contributed $15.407 billion, while the refinery segment added $2.051 billion, despite a decrease in intersegment sales. Operating income for the quarter was $2.267 billion, a slight decrease from $2.491 billion year-on-year. Net income for the quarter stood at $1.305 billion, down from $1.827 billion in the previous year. Diluted earnings per share were $2.01, compared to $2.84 in the same quarter of 2023. Capital expenditures amounted to $1.308 billion for the quarter. Delta's business development saw an increase in capacity by 8%, driving a 7% rise in total revenue, with passenger revenue up by 5% due to strong...Show More

Delta Air Lines reported its financial performance for the quarter ended June 30, 2024, with operating revenue increasing to $16.658 billion, up from $15.578 billion in the same quarter of the previous year. The airline segment contributed $15.407 billion, while the refinery segment added $2.051 billion, despite a decrease in intersegment sales. Operating income for the quarter was $2.267 billion, a slight decrease from $2.491 billion year-on-year. Net income for the quarter stood at $1.305 billion, down from $1.827 billion in the previous year. Diluted earnings per share were $2.01, compared to $2.84 in the same quarter of 2023. Capital expenditures amounted to $1.308 billion for the quarter. Delta's business development saw an increase in capacity by 8%, driving a 7% rise in total revenue, with passenger revenue up by 5% due to strong travel demand, especially for premium products. The refinery segment's sales to third parties increased by 30%, contributing to the overall revenue growth. Looking ahead, Delta plans to continue its positive cash flow from operations and has committed to future aircraft purchases. The company also aims to complete the LaGuardia Airport redevelopment by the end of 2024, with an expected spend of approximately $400 million for the year.