Delta Q3 2021 Earnings Report
Key Takeaways
Delta Air Lines reported a profitable September quarter, marking a significant milestone in its recovery from the pandemic. The company's revenues reached two-thirds of 2019 levels, driven by strong operational performance and customer-centric strategies. While fuel prices pose a challenge for the December quarter, Delta remains confident in its path to sustained profitability.
Reported GAAP pre-tax income of $1.5 billion and earnings per diluted share of $1.89.
Achieved adjusted pre-tax income of $216 million and adjusted earnings per diluted share of $0.30.
Operating revenue, adjusted improved 30 percent from June quarter 2021.
Total passenger revenue was 63 percent recovered compared to September quarter 2019.
Delta
Delta
Forward Guidance
Delta anticipates total December quarter revenue to recover to the low 70s percentage relative to 2019.