Delta Air Lines Records Pre-tax Income Of $2 Billion, June Quarter 2024
![Delta Air Lines Records Pre-tax Income Of $2 Billion, June Quarter 2024](https://aviationmonitorng.com/wp-content/uploads/2024/07/edited-delta.jpg)
Delta Air Lines says it delivered record June quarter revenue and pre-tax income of $2 billion with a 15 percent operating margin.
In its financial results announced yesterday for the June quarter, it provided its outlook for the September quarter.
“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 reveals 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 and total debt and finance lease obligations of $18.0 billion at quarter end.
June Quarter 2024 Adjusted Financial Results shows 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.