Delta Q1 2022 Earnings Report
Key Takeaways
Delta Air Lines reported a GAAP operating loss of $783 million and a loss per share of $1.48 on total operating revenue of $9.3 billion for the March quarter 2022. Adjusted operating loss was $793 million and adjusted loss per share was $1.23 on adjusted operating revenue of $8.2 billion. The company returned to profitability in March and expects a 12 to 14 percent adjusted operating margin in the June quarter.
Returned to profitability in March with a solid adjusted operating margin of almost 10 percent.
Adjusted operating revenue was 79 percent restored to March quarter 2019 levels.
Domestic passenger revenue was 83 percent recovered, and international passenger revenue was 54 percent restored compared to March quarter 2019.
Finished the quarter with nearly $13 billion in liquidity.
Delta
Delta
Forward Guidance
Delta expects revenue recovery to accelerate to 93 to 97 percent with unit revenue up double digits compared to 2019. The company expects a 12 to 14 percent adjusted operating margin and strong free cash flow in the June quarter.