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Jun 30, 2022
Delta Q2 2022 Earnings Report
Delta reported strong profitability and nearly $2 billion of free cash flow driven by strong demand and operational performance.
Key Takeaways
Delta Air Lines reported financial results for the June quarter 2022 with a double digit operating margin. The company expects double digit operating margin in September quarter and meaningful full year profitability. They are on track to achieve 2024 targets of over $7 adj. EPS and $4 billion of free cash flow.
Generated double digit June quarter operating margin
Expect double digit operating margin in September quarter and meaningful full year profitability
On track to achieve 2024 targets of over $7 adj. EPS and $4 billion of free cash flow
Delivered adjusted revenue recovery of 99 percent with unit revenues up 20.5 percent versus 2019.
Forward Guidance
For the September quarter, Delta expects an adjusted operating margin of 11 to 13 percent, supporting their outlook for meaningful full year profitability. September quarter revenue is expected to be up 1 to 5 percent compared to 2019 with total unit revenue growth improving sequentially.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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