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Dec 31, 2023
Delta Q4 2023 Earnings Report
Delta reported industry-leading operational performance and financial results, generating record full year revenue and pre-tax income.
Key Takeaways
Delta Air Lines reported strong Q4 2023 financial results, driven by industry-leading operational performance and a commitment to customer service. The company achieved record full-year revenue and a near doubling of pre-tax income compared to 2022. Looking ahead, Delta anticipates continued strong demand for air travel and expects to grow full-year earnings and generate substantial free cash flow in 2024.
Delivered industry-leading operational performance and financial results.
Generated record full year revenue.
Achieved over $5 billion of pre-tax income, a near doubling over 2022.
Guiding to 2024 free cash flow of $3 to $4 billion.
Forward Guidance
Delta anticipates continued strong demand for air travel and expects to grow full year earnings to $6 to $7 per share and generate free cash flow of $3 to $4 billion.
Positive Outlook
- Strong demand for air travel
- Customer base is in a healthy financial position
- Travel is a top priority
- Expect to grow full year earnings to $6 to $7 per share
- Generate free cash flow of $3 to $4 billion
Challenges Ahead
- Higher international mix
- Normalization of travel credit utilization
- Lapping a competitor’s operational challenges in the year ago period
- March quarter unit revenues to be flat to down 3 percent over 2023
- Expect non-fuel unit costs up low-single digits over 2023
Historical Earnings Impact
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Avg. Return Before/After Earnings
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