Delta Air Lines announces 2020 financial results, provides outlook for March 2021 quarter

Delta Air Lines today reported financial results for the December quarter and full year 2020 and provided its outlook for the March quarter 2021. “Our December quarter results capped the toughest year in Delta’s history. I want to thank the Delta people who have risen to the occasion, focusing on delivering results for all of our stakeholders by putting our customers at the center of our recovery,” said Ed Bastian, Delta’s chief executive officer.  “While our challenges continue in 2021, I am optimistic this will be a year of recovery…

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Delta Air Lines announces 2019 pre-tax income of $6.2b

Delta Air Lines has reported financial results for the December quarter and full year 2019 and provided its outlook for the March quarter 2020. December Quarter Financial Highlights include: Adjusted earnings per share of $1.70, a 31 percent increase year over year; above guidance of $1.20 to $1.50 on stronger revenue, lower fuel and a nine-cent net gain related to the unwinding of the GOL relationship • Total revenue grew to $11.4 billion, up 7 percent over prior year when prior year period is adjusted for sale of DAL Global…

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Delta Air Lines announces pre-tax income of $1.2b for Dec. quarter

Delta Air Lines has reported financial results for the December quarter and full year 2018 including both GAAP and adjusted metrics.    Adjusted pre-tax income for the December quarter 2018 was $1.2 billion driven by over $700 million of revenue growth, allowing the company to fully recapture the $508 million increase in adjusted fuel expense and produce an 11 percent adjusted pre-tax margin.  Adjusted earnings per share increased by 42 percent year over year to $1.30. For the full year, adjusted pre-tax income was $5.1 billion, a $137 million decrease…

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Delta Air Lines announces September Quarter profit of $1.6b adjusted pre-tax income

Delta Air Lines has reported financial results for the September quarter 2018. Highlights of the results include $1.6 billion adjusted pre-tax income for the September quarter 2018 and adjusted earnings per share of $1.80, at the high end of guidance. Adjusted earnings per share were up 16 percent compared to the prior year quarter, driven by revenue momentum, tax reform benefits and a four percent lower share count.  Results reflect a $30 million negative impact from Hurricane Florence.   “Our solid eight percent revenue growth, combined with flat non-fuel unit…

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