AI English summary of an SEC filing — figures as filed
Delta Air Lines DALDelta said its GAAP operating income for the March 2024 quarter was $614 million (operating margin of 4.5%), net income was $37 million, and diluted earnings per share were $0.06. In the same quarter last year, it reported an operating loss of $(277) million and a net loss of $(363) million.
Key points
AI summaryDelta said its GAAP operating income for the March 2024 quarter was $614 million (operating margin of 4.5%), net income was $37 million, and diluted earnings per share were $0.06. In the same quarter last year, it reported an operating loss of $(277) million and a net loss of $(363) million.
On an adjusted basis, the company said operating revenue for the March quarter was $12.6 billion, up 6% from the same quarter last year. Adjusted operating income was $640 million (operating margin of 5.1%), compared with $546 million (4.6%) a year earlier.
The company said adjusted operating cash flow for the March quarter was $2.5 billion, gross capital expenditures were $1.1 billion, and free cash flow was $1.4 billion. It also said payments on debt and finance lease obligations were $712 million and adjusted net debt was $20.2 billion.
Delta expects total revenue for the June quarter to rise 5% to 7% from the prior-year quarter, with an operating margin of 14% to 15% and earnings per share of $2.20 to $2.50, the company said. It also reaffirmed its full-year 2024 outlook for earnings per share of $6 to $7 and free cash flow of $3 to $4 billion.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
Q1 GAAP Operating Income and Net Income
Delta said its GAAP operating income for the March 2024 quarter was $614 million (operating margin of 4.5%), net income was $37 million, and diluted earnings per share were $0.06. In the same quarter last year, it reported an operating loss of $(277) million and a net loss of $(363) million.
Source · Based on the filing body and exhibits
Adjusted Operating Revenue and Operating Margin
On an adjusted basis, the company said operating revenue for the March quarter was $12.6 billion, up 6% from the same quarter last year. Adjusted operating income was $640 million (operating margin of 5.1%), compared with $546 million (4.6%) a year earlier.
Source · Based on the filing body and exhibits
Q1 Free Cash Flow and Debt Repayment
The company said adjusted operating cash flow for the March quarter was $2.5 billion, gross capital expenditures were $1.1 billion, and free cash flow was $1.4 billion. It also said payments on debt and finance lease obligations were $712 million and adjusted net debt was $20.2 billion.
Source · Based on the filing body and exhibits
June Quarter and Full-Year 2024 Outlook
Delta expects total revenue for the June quarter to rise 5% to 7% from the prior-year quarter, with an operating margin of 14% to 15% and earnings per share of $2.20 to $2.50, the company said. It also reaffirmed its full-year 2024 outlook for earnings per share of $6 to $7 and free cash flow of $3 to $4 billion.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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