Delta’s Q1 revenue at $13.7 billion, up 8%
April 10 2024 - 7:47AM
IH Market News
Delta Air Lines Inc. (NYSE:DAL) announced on Wednesday that its
revenue in the first quarter of the fiscal year 2024 saw an annual
rise of 8% to reach $13.7 billion.
The company registered a net income of $37 million, an
improvement compared with the net loss of $363 million noted in the
same trimester in 2023.
It also recorded earnings per share of $0.06, an upgrade from
the loss per share of $0.57 seen year-on-year.
Following the release of the report, Delta’s stock went up by
4.63% in premarket trading.
“For the March quarter, we delivered record revenue on
outstanding operational performance, enabling strong earnings
growth. We anticipate continued strong momentum for our business,
and in the June quarter, we expect to deliver record revenue, a
mid-teens operating margin and earnings of $2.20 to $2.50 per
share. We remain confident in our full year targets for earnings of
$6 to $7 per share and free cash flow of $3 to $4 billion,” Delta
CEO Ed Bastian commented.
Delta Air Lines (NYSE:DAL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Delta Air Lines (NYSE:DAL)
Historical Stock Chart
From Apr 2023 to Apr 2024