Delta reported June quarter June 2024 operating revenue of $16.7 billion, operating income of $2.3 billion (operating margin of 13.6%) and diluted earnings per share of $2.01. Operating income fell 9% from $2,491 million a year earlier.

1. 01

   Delta reported June quarter June 2024 operating revenue of $16.7 billion, operating income of $2.3 billion (operating margin of 13.6%) and diluted earnings per share of $2.01. Operating income fell 9% from $2,491 million a year earlier.

2. 02

   On an adjusted basis, the company reported operating revenue of $15.4 billion, up 5.4% from a year earlier, and adjusted earnings per share of $2.36. The company cited third-party refinery sales, investment gains and losses, and losses on debt extinguishment as adjustments.

3. 03

   The company said it generated operating cash flow of $2.5 billion and free cash flow of $1.3 billion in the June 2024 quarter, and that it paid $1.4 billion on debt and finance lease obligations in the same quarter. Total debt and finance lease obligations stood at $18.0 billion at quarter end.

4. 04

   Delta reaffirmed its full-year earnings per share guidance of $6 to $7 and free cash flow guidance of $3 to $4 billion. It also announced a 50% increase in its quarterly dividend beginning in September. For the September quarter, it outlined an operating margin of 11% to 13%.

Analysis 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.

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.