Delta Air Lines returned to profit last month

Monday, 14 Apr, 2022 0

Delta Air Lines reported its March quarter financials with a strong rebound from the effects of the Omicron wave in early 2022.

“With a strong rebound in demand, we returned to profitability in March, producing a solid adjusted operating margin of almost 10%,” the airline said.

“As the demand momentum grow, we are successfully recapturing higher fuel prices, driving our outlook for a 12 to 14 percent adjusted operating margin and strong free cash flow in the June quarter,” said Ed Bastian, Delta’s chief executive officer.

Delta’s adjusted operating revenue of $8.2 billion was 79% of pre-pandemic March quarter 2019.

Capacity is up to 83% of pre-pandemic levels.

Total operating expenses of $10.1 billion increased by $679 million on the March quarter 2019.

At the end of the March quarter, Delta had $12.8 billion in liquidity.



 

profileimage

Ray Monty



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...