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Mar 31, 2024
Delta Q1 2024 Earnings Report
Delta delivered industry-leading operational performance and record March quarter completion factor, with revenue and earnings at the high end of guidance.
Key Takeaways
Delta Air Lines reported record March quarter revenue driven by strong operational performance, resulting in strong earnings growth. The company anticipates continued momentum and expects record revenue in the June quarter.
Delivered the best operational reliability in company history.
Recognized employees' efforts with $1.4 billion in profit sharing payouts.
Generated record March quarter revenues, 6% higher than the prior year.
Expects record June quarter revenue with a mid-teens operating margin.
Delta
Delta
Delta Revenue by Segment
Delta Revenue by Geographic Location
Revenue by Segment
Premium tickets Revenue
CapyFin.comLoyalty program Revenue
CapyFin.comCargo Revenue
CapyFin.comRevenue by Geographic Location
Domestic Revenue
CapyFin.comAtlantic Revenue
CapyFin.comLatin America Revenue
CapyFin.comPacific Revenue
CapyFin.com Forward Guidance
Delta expects record June quarter revenue, mid-teens operating margin, and EPS of $2.20 to $2.50. The company is reiterating its 2024 outlook for EPS of $6 to $7 and free cash flow of $3 to $4 billion.
Positive Outlook
- Expect record June quarter revenue.
- Anticipate a mid-teens operating margin in the June quarter.
- Forecast EPS of $2.20 to $2.50 for the June quarter.
- Reiterating 2024 outlook for EPS of $6 to $7.
- Reiterating 2024 outlook for free cash flow of $3 to $4 billion.
Challenges Ahead
- Non-fuel unit costs are expected to increase approximately 2 percent in the June quarter.
- Latin America is expected to see a double-digit decline in unit revenue.
- TRASM of flat to down 2 percent is expected.
- Growth is normalizing and the focus is on optimization and efficiency gains.
- Continuing to profitably invest in the network.
Revenue & Expenses
Visualization of income flow from segment revenue to net income