{"id":138599,"date":"2023-04-16T16:32:39","date_gmt":"2023-04-16T16:32:39","guid":{"rendered":"https:\/?p=138599"},"modified":"2023-04-16T16:32:42","modified_gmt":"2023-04-16T16:32:42","slug":"delta-reports-363-million-loss-in-first-quarter","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/04\/delta-reports-363-million-loss-in-first-quarter.html","title":{"rendered":"Delta reports $363 million loss in first quarter"},"content":{"rendered":"\n

U.S. airline Delta Air Lines <\/strong>on Wednesday reported a cumulative loss of $363 million (\u20ac329 million) through March, down 61% from the $940 million loss posted in the first three months of 2022, and advanced a revenue increase of up to 16% for the second quarter.<\/p>\n\n\n\n

The company maintains a line of improving results, especially compared to the 1,771 million loss in the first quarter of 2021, but still remains far from pre-pandemic figures. Between January and March 2019 it posted a profit of 730 million.<\/p>\n\n\n\n

Its adjusted operating income (Non-GAAP) for this period was 11.842 billion dollars, up 45% from 8.161 billion dollars in the same period last year, reported EFE.<\/p>\n\n\n\n

\u2192 Delta launches Propel Flight Academy to train next generation of pilots<\/a><\/em><\/strong><\/p>\n\n\n\n

For Delta’s chief executive, Ed Bastian, these results represent a “strong start” to the year. In a statement, he assured that the company provided wage increases and a greater share of profits to its shares “than the rest of the sector as a whole”.<\/p>\n\n\n\n

Bastian also advanced that Delta expects to break a revenue record in the second quarter with adjusted operating income growth of 14% to 16%.<\/p>\n\n\n\n

“With solid profitability in the March quarter and a strong outlook for the June quarter, we are confident in our full-year guidance of 15% to 20% year-over-year revenue growth, earnings of $5 to $6 per share and free cash flow of more than $2 billion,” added Delta’s top executive.<\/p>\n\n\n\n

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