Delta Air Lines has posted record quarterly revenue and operating profit for the December quarter of 2024, driven by strong travel demand and operational performance.
The airline reported operating revenue of $15.6 billion and operating income of $1.7 billion for the quarter, achieving an operating margin of 11 per cent.
Delta CEO Ed Bastian said the company would share its success with employees through profit-sharing payments.
“2024 was a great year for Delta with our results reflecting differentiation from the industry and increased durability. Our people finished the year strong, delivering industry-leading operational and financial performance,” Mr Bastian said.
The carrier generated operating cash flow of $1.9 billion during the quarter, while making debt payments of $1.5 billion.
Total debt and finance lease obligations stood at $16.2 billion at the end of the quarter.
Delta forecast revenue growth of 7 to 9 per cent for the March quarter 2025, with earnings between $0.70 and $1.00 per share.
Mr Bastian expressed optimism about the airline’s prospects for 2025.
“As we move into 2025, we expect strong demand for travel to continue, with consumers increasingly seeking the premium products and experiences that Delta provides,” he said.
The airline projected pre-tax income would exceed $6 billion in 2025, with earnings per share above $7.35 and free cash flow of more than $4 billion.
Delta planned to distribute $1.4 billion in profit-sharing payments to employees next month.
