“Thanks to the incredible work of our 100,000 people, Delta is delivering industry-leading operational performance and best-in-class service for our customers. We delivered record June quarter revenue and pre-tax income of $2 billion with a 15 percent operating margin. Our people are the best in the industry, and we are pleased to recognize their efforts with more than $640 million accrued in the first half toward next year's profit sharing," said Ed Bastian, Delta’s chief executive officer.
"For the September quarter, we expect a double-digit operating margin and a pre-tax profit of approximately $1.5 billion. With strong first half results and visibility into the second half, we remain confident in our full-year guidance."
June Quarter 2024 GAAP Financial Results
- Operating revenue of $16.7 billion
- Operating income of $2.3 billion with an operating margin of 13.6 percent
- Pre-tax income of $1.8 billion with a pre-tax margin of 10.6 percent
- Earnings per share of $2.01
- Operating cash flow of $2.5 billion
- Payments on debt and finance lease obligations of $1.4 billion
- Total debt and finance lease obligations of $18.0 billion at quarter end
June Quarter 2024 Adjusted Financial Results
- Operating revenue of $15.4 billion, 5.4 percent higher than the June quarter 2023
- Operating income of $2.3 billion with an operating margin of 14.7 percent
- Pre-tax income of $2.0 billion with a pre-tax margin of 13.0 percent
- Earnings per share of $2.36
- Operating cash flow of $2.5 billion
- Free cash flow of $1.3 billion
- Adjusted debt to EBITDAR of 2.8x, down from 3.0x at the end of 2023
- Return on invested capital of 13.1 percent
Tags: Ed Bastian, Delta Air Lines
