Delta Air Lines reported strong financial results for the December quarter and full year 2023, with record annual revenue surpassing $54bn, and a notable earnings per share of $7.17 for the year.
Delta anticipates a record March quarter revenue with improvements in both domestic and international markets and projects annual earnings growth with non-fuel unit costs expected to increase slightly.
The December quarter displayed notable GAAP financial achievements including a
$14.2bn operating income, alongside an adjusted revenue increase of 11pc from the previous year.
Full-year performance showed a substantial non-fuel Cost per Available Seat Mile (CASM) increase of 2.3pc year-over-year, with adjusted operating cash flow reaching
7.2bn
Key updates include the acquisition of twenty Airbus A350-1000s for fuel efficiency and service improvement, and the continued fleet renewal leading to greater fuel savings, along with reinvestments in business and debt repayments advancing Delta’s financial position.
