Delta said it entered into a firm agreement with Airbus S.A.S. on January 11, 2024 to buy 20 Airbus A350-1000 aircraft, with options for up to 20 additional widebody aircraft. Deliveries begin in 2026.

1. 01

   Delta said it entered into a firm agreement with Airbus S.A.S. on January 11, 2024 to buy 20 Airbus A350-1000 aircraft, with options for up to 20 additional widebody aircraft. Deliveries begin in 2026.

2. 02

   The company reported GAAP full-year 2023 operating revenue of $58.0 billion, operating income of $5.5 billion (an operating margin of 9.5%) and earnings per share of $7.17. Adjusted operating revenue was $54.7 billion, 20% higher than in full-year 2022.

3. 03

   The company said GAAP operating cash flow for full-year 2023 was $6.5 billion. It reported free cash flow of $2.0 billion, based on adjusted operating cash flow of $7.2 billion and gross capital expenditures of $5.3 billion. Payments on debt and finance lease obligations were $4.1 billion.

4. 04

   For full-year 2024, the company gave guidance of earnings per share of $6 to $7 and free cash flow of $3 to $4 billion. It said it expects Q1 2024 revenue to be 3% to 6% higher than a year earlier.

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Original filing

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