Delta Air Lines (NYSE: DAL) today reported financial results for the September quarter and provided its outlook for the December quarter 2023. Highlights of the September quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.
“Thanks to the outstanding work of our entire team, Delta delivered record September quarter revenue and a double-digit operating margin. Our operational reliability continues to strengthen, thanks to our people, and I’m pleased to recognize their outstanding efforts with over $1 billion accrued year-to-date towards profit sharing,” said Ed Bastian, Delta’s chief executive officer.
“Delta continues to set itself apart as a trusted consumer brand delivering welcoming, caring and elevated service by the best people in the industry. Our differentiated position supports our expectations for full year revenue growth of 20 percent over 2022, and pre-tax earnings of over $5 billion, a near doubling over prior year earnings.”
4Q23 Forecast
FY 2023 Forecast
Total Revenue YoY
Up 9% – 12%
Up ~20%
Operating Margin
9% – 11%
~11.5%
Earnings Per Share
$1.05 – $1.30
$6.00 – $6.25
1 Non-GAAP measures; Refer to Non-GAAP reconciliations for comparison figures
Additional metrics for financial modeling can be found in the Supplemental Information section under Quarterly Results on ir.delta.com.
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Delta Air Lines announces September quarter 2023 financial results – Delta News Hub
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