Loading...
•
Jun 30, 2024
Delta Q2 2024 Earnings Report
Delta reported record June quarter revenue with mid-teens operating margin and strong cash generation.
Key Takeaways
Delta Air Lines reported record June quarter revenue and pre-tax income of $2 billion with a 15 percent operating margin. The company is reiterating its full year guide for EPS of $6 to $7 and free cash flow of $3 to $4 billion.
Delivered industry-leading operational performance, underpinning trusted brand and customer loyalty
Achieved record June quarter revenue with mid-teens operating margin and strong cash generation
Continued debt repayment, progressing balance sheet toward investment grade metrics
Announced a 50 percent increase to dividend payment beginning in September quarter
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
For the September quarter, Delta expects a double-digit operating margin and a pre-tax profit of approximately $1.5 billion. The company remains confident in its full-year guidance.
Positive Outlook
- Peak summer travel demand remains strong
- Delta is delivering elevated experiences for its customers
- Diverse revenue streams, including premium and loyalty, contributed higher growth and margins
- International network and core hubs approach full restoration
- Returning to a normal cadence of retiring aircraft
Challenges Ahead
- Capacity growth is decelerating into the second half
- Expect September quarter capacity growth of 5 to 6 percent
- Expect revenue growth of 2 to 4 percent
- Expect non-fuel unit costs to increase 1 to 2 percent year-over-year as capacity growth moderates.
- Sequential improvement in unit revenue trends through the quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income