{"id":147006,"date":"2024-01-14T19:33:24","date_gmt":"2024-01-14T19:33:24","guid":{"rendered":"https:\/?p=147006"},"modified":"2024-01-14T19:35:28","modified_gmt":"2024-01-14T19:35:28","slug":"delta-air-lines-reports-record-revenues-in-2023","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/01\/delta-air-lines-reports-record-revenues-in-2023.html","title":{"rendered":"Delta Air Lines reports record revenues in 2023"},"content":{"rendered":"\n

Delta Air Lines<\/strong> more than doubled its profit in the fourth quarter of last year and posted record revenue in 2023, although it cut its profit expectations for 2024, the US carrier said.<\/p>\n\n\n\n

The company reported net income of more than $2 billion for the October to December period, up from $828 million for the same period in 2022.<\/p>\n\n\n\n

Its revenue jumped to $14.2 billion for the quarter, helped by “the highest holiday travel volumes in its history.”<\/p>\n\n\n\n

Delta posted record revenues of $54.7 billion in 2023, up 20% over full-year 2022, and more than $5 billion in pre-tax profit, nearly double that of 2022.<\/p>\n\n\n\n

Free cash flow for 2024 is between $3 billion and $4 billion, an improvement of up to $2 billion over 2023.<\/p>\n\n\n\n

\u2192 Delta Air Lines orders 20 Airbus A350-1000 aircraft<\/a><\/em><\/strong><\/p>\n\n\n\n

“In 2024, demand for air travel remains strong and our customer base is in a healthy financial position with travel a top priority,” said Delta chief executive Ed Bastian in a statement.<\/p>\n\n\n\n

But in its earnings report, Delta lowered its full-year earnings forecast for 2024 slightly — from over $7 per share projected in 2022, to $6 to $7 per share now.<\/p>\n\n\n\n

In an earnings webcast, company executives said volatile energy prices, along with lingering supply chain costs and issues, have caused them to be slightly cautious and prudent in making the earnings guidance.<\/p>\n\n\n\n

Delta shares slumped by more than eight percent around midday on Friday, while rival United Airlines saw its shares plunge by 9.4 percent.<\/p>\n\n\n\n

For the first quarter this year, Delta expects its revenue to rise by three to six percent, and anticipates earnings per share of between 25 cents and 50 cents.<\/p>\n\n\n\n

This should come on the back of strong international travel demand and “a positive inflection in the domestic environment,” said Delta president Glen Hauenstein.<\/p>\n\n\n\n

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