Delta Air Lines announces September quarter 2024 financial results

Delta Air Lines today reported financial results for the September quarter and provided its outlook for the December quarter.

• Delivering industry-leading operational and financial performance year-to-date
• Expect record December quarter revenue and an 11% – 13% operating margin, expanding over prior year
• Generating strong Return on Invested Capital, exceeding cost of capital by 5 points
• Upgraded to investment grade credit rating by Fitch, recognizing continued progression on debt reduction

Delta Air Lines today reported financial results for the September quarter and provided its outlook for the December quarter. Highlights of the September quarter, including GAAP and adjusted metrics, are in the full release and incorporated here.

“Thanks to the exceptional work of the entire Delta team, we continue to lead the industry operationally and financially, with a double-digit operating margin and nearly $3 billion of free cash flow generation year-to-date. In recognition of the outstanding efforts of our employees this year, we have accrued almost $1 billion of profit sharing towards the upcoming February payout,” said Ed Bastian, Delta Chief Executive Officer.

“With an improving industry backdrop and strong demand for travel on Delta, we are positioned to finish the year strong. We expect our December quarter pre-tax profit to grow 30% over last year to $1.4 billion, which would mark one of the most profitable fourth quarters in our history.”

September Quarter 2024 GAAP Financial Results

• Operating revenue of $15.7 billion
• Operating income of $1.4 billion with an operating margin of 8.9%
• Pre-tax income of $1.6 billion with a pre-tax margin of 10.0%
• Earnings per share of $1.97
• Operating cash flow of $1.3 billion
• Payments on debt and finance lease obligations of $263 million
• Total debt and finance lease obligations of $17.7 billion at quarter end

Read the full release on PR Newswire or via download.