Delta Q4 2021 Earnings Report
Key Takeaways
Delta Air Lines announced December quarter 2021 GAAP pre-tax loss of $395 million, pre-tax margin of (4.2) percent and loss per share of $0.64 on total operating revenue of $9.5 billion. The adjusted pre-tax income for the same period was $170 million, with adjusted earnings per diluted share of $0.22 on adjusted operating revenue of $8.4 billion. The company expects the Omicron variant to temporarily delay the demand recovery but anticipates a strong spring and summer travel season.
December quarter GAAP pre-tax loss of $395 million, or ($0.64) per share.
December quarter adjusted pre-tax income of $170 million, or $0.22 per share.
Adjusted operating revenue of $8.4 billion, 74% restored compared to 2019.
Omicron is expected to temporarily delay the demand recovery 60 days.
Delta
Delta
Forward Guidance
The recent rise in COVID cases associated with the omicron variant is expected to impact the pace of demand recovery early in the quarter, with recovery momentum resuming from President’s Day weekend forward. Factoring this in to our outlook, we expect total March quarter revenue to recover to 72 to 76% of 2019 levels, compared to 74% in the December quarter.