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Sep 30, 2024
Delta Q3 2024 Earnings Report
Delta reported industry-leading operational and financial performance, driven by strong demand and improved industry conditions.
Key Takeaways
Delta Air Lines reported strong September quarter results, driven by industry-leading operational and financial performance. The company expects record December quarter revenue and an 11% - 13% operating margin. The direct revenue impact of the CrowdStrike-caused outage was approximately $380 million.
Delta continues to lead the industry operationally and financially.
The company generated nearly $3 billion of free cash flow year-to-date.
Delta expects December quarter pre-tax profit to grow 30 percent over last year to $1.4 billion.
Delta's balance sheet received an upgrade to investment grade from Fitch.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Delta expects record December quarter revenue and an 11% - 13% operating margin.
Positive Outlook
- Improved industry backdrop
- Strong demand for travel on Delta
- Industry supply growth continues to rationalize
- Improved trends to continue during the December quarter
- Bookings for the holiday period are strong
Challenges Ahead
- 1 point impact to total unit revenue from reduced travel demand around the election
- The direct revenue impact of the CrowdStrike-caused outage was approximately $380 million
- Non-fuel expense impact was $170 million due to the CrowdStrike-caused outage
- Fuel expense was $50 million lower than it would have been as a result of the 7,000 flight cancellations
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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