Delta said its operating income for the March 2024 quarter improved $891 million from the March 2023 quarter to $614 million. The company said total revenue rose $989 million (8%), and operating expense increased $98 million (1%).

1. 01

   Delta said its operating income for the March 2024 quarter improved $891 million from the March 2023 quarter to $614 million. The company said total revenue rose $989 million (8%), and operating expense increased $98 million (1%).

2. 02

   The company cited a 7% increase in capacity and continued travel demand across all regions, particularly for premium products, as factors behind the revenue increase. Delta said total revenue, adjusted (a non-GAAP measure), rose $721 million, or 6%.

3. 03

   Delta said operating activities generated $2.4 billion in the March 2024 quarter, and investing activities used $637 million. Free cash flow (a non-GAAP measure) was $1.4 billion, and cash outflows for repayments of debt and finance leases totaled $712 million.

4. 04

   The company said its liquidity, consisting of cash, short-term investments and undrawn revolving credit facilities, was $7.4 billion as of March 31, 2024. The company paid profit sharing of $1.4 billion in February 2024 related to 2023 pre-tax profit.

Key figures

Quarter ended March 31, 2024

Revenue

$13.7B

Operating income

$614M

Net income

$37M

EPS

$0.06

Operating cash flow

$2.4B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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