Delta Air Lines announces June quarter 2024 financial results

                                       Delta Air Lines today reported financial results for the June quarter and provided its outlook for the September quarter.  Highlights of the June quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.

"Thanks to the incredible work of our 100,000 people, Delta is delivering industry-leading operational performance and best-in-class service for our customers.  We delivered record June quarter revenue and pre-tax income of $2 billion with a 15 percent operating margin.  Our people are the best in the industry, and we are pleased to recognize their efforts with more than $640 million accrued in the first half toward next year's profit sharing," said Ed Bastian, Delta's chief executive officer.

"For the September quarter, we expect a double-digit operating margin and a pre-tax profit of approximately $1.5 billion.  With strong first half results and visibility into the second half, we remain confident in our full-year guidance."

June Quarter 2024 GAAP Financial Results

• Operating revenue of $16.7 billion
• Operating income of $2.3 billion with an operating margin of 13.6 percent
• Pre-tax income of $1.8 billion with a pre-tax margin of 10.6 percent
• Earnings per share of $2.01
• Operating cash flow of $2.5 billion
• Payments on debt and finance lease obligations of $1.4 billion
• Total debt and finance lease obligations of $18.0 billion at quarter end

June Quarter 2024 Adjusted Financial Results

• Operating revenue of $15.4 billion, 5.4 percent higher than the June quarter 2023
• Operating income of $2.3 billion with an operating margin of 14.7 percent
• Pre-tax income of $2.0 billion with a pre-tax margin of 13.0 percent
• Earnings per share of $2.36
• Operating cash flow of $2.5 billion
• Free cash flow of $1.3 billion
• Adjusted debt to EBITDAR of 2.8x, down from 3.0x at the end of 2023
• Return on invested capital of 13.1 percent

Financial Guidance1 

	FY 2024 Forecast
Earnings Per Share	$6 - $7
Free Cash Flow ($B)	$3 - $4
Adjusted Debt to EBITDAR	2x - 3x
	3Q24 Forecast
Total Revenue YoY	Up 2% - 4%
Operating Margin	11% - 13%
Earnings Per Share	$1.70 - $2.00

1Non-GAAP measures; Refer to Non-GAAP reconciliations for historical comparison figures

Additional metrics for financial modeling can be found in the Supplemental Information section under Quarterly Results on ir.delta.com.

Delta, Riyadh Air sign strategic agreement to expand connectivity and premium travel options across North America, the Kingdom of Saudi Arabia and beyond

Delta Air Lines, the world’s leading premium airline, and Riyadh Air, Saudi Arabia's innovative new full-service global carrier, have signed a Strategic Cooperation Memorandum of Understanding with the goal of introducing a broad range of benefits for customers travelling between North America, the Kingdom of Saudi Arabia and destinations beyond.

The partnership will open new destinations for Delta customers, including future nonstop service on Delta between the U.S. and King Khalid International Airport in Riyadh. It will provide leisure travellers with a new region of the world to explore while creating new opportunities for business travellers to Riyadh, a G20 capital city, plus destinations beyond.

It will also offer Delta’s leading North American network for Riyadh Air customers, offering convenient access to hundreds of destinations in the U.S. and beyond with Delta’s famous reliability and elevated service.

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“We look forward to enjoying a very warm and productive relationship with Delta Air Lines, one of the largest and most successful airlines in the world. Riyadh Air and Delta Air Lines share common goals and pursue the highest standards in many areas including guest experience, loyalty, and sustainability, built upon great networks and strong connectivity,” said Riyadh Air CEO Tony Douglas.
The agreement envisions a long-term relationship, subject to regulatory approvals, that includes interline and codeshare connectivity, as well as a deeper partnership encompassing loyalty, customer experience, digital transformation and broader aviation services such as maintenance, repair and overhaul services, ground handling and training. In the future, the airlines intend to explore an immunized joint venture to further expand the partnership and allow collaboration on network planning and growth in the region. Both airlines are committed to driving the best sustainability practices throughout their operations as they transform the future of travel.
The partnership will open new destinations in Saudi Arabia and beyond for Delta customers, including future nonstop service on Delta between the U.S. and King Khalid International Airport in Riyadh. It will provide leisure travellers with a new region of the world to explore while creating new opportunities for business travellers to Riyadh, a G20 capital city, plus destinations beyond. And it will offer Delta’s leading North American network for Riyadh Air customers, offering convenient access to hundreds of destinations in the U.S. and beyond with Delta’s famous reliability and elevated service.

The new partnership comes as large-scale, ongoing investments in the Kingdom are transforming it into a popular and attractive destination for both leisure and business travellers. Travel is central to the nation’s long-term economic growth plan, with an $800 billion investment in the tourism sector that includes development of luxury resorts on the Red Sea, the opening of the Diriyah and al-Ula historical sites to visitors, and the hosting of the 2030 Riyadh Expo.
Riyadh Air, which will begin operations in 2025, is committed to building a premier carrier for customers travelling to and from the Middle East, with its base of operations in Riyadh, the capital of Saudi Arabia. Delta, which will mark its 100th anniversary next year, is the most-awarded U.S. airline with an industry-leading global network and an unrivalled reputation for outstanding customer service and operational excellence.
“It’s fitting that Riyadh Air will begin its journey the same year that Delta launches our second century of flight,” Bastian said. “We’ll have many opportunities to learn from each other and become better airlines for our mutual customers, our employees, our investors and our communities as we fly forward together.” -

U.S. mega carrier Delta has taken two top awards at the 2024 Skytrax World Airline Awards

U.S. mega carrier Delta has taken two top awards at the 2024 Skytrax World Airline Awards, where it was named Best Airline in North America and Best Airline Staff. It is the fourth year running that Delta has scooped the Best Airline in North America award, and third consecutive year for the best staff award.

The World Airline Awards are the most coveted quality accolades celebrating excellence in the global airline industry. Award winners are voted for by travellers themselves in response to Skytrax’s World Airline Survey, the largest customer experience survey of its kind. 

"Winning these awards underscores how our dedication to providing the very best travel experience is appreciated by the 200 million customers who choose to fly with Delta every year," said Ralph Albus, Delta’s Director of Global Communications EMEAI. “Skytrax is among the most respected awards in the industry, and we are particularly proud that Delta people have been deservedly recognized for the excellent service they deliver every day.”

 Edward Plaisted, CEO of Skytrax said: "We congratulate Delta Air Lines on this fabulous achievement of being named as the Best Airline in North America for the fourth consecutive year at the 2024 World Airline Awards. This top accolade, along with being named the Best Airline Staff Service in North America, should be a source of pride for the management and staff of Delta Air Lines."

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Delta named Best Airline in North America and Best Airline Staff at Skytrax Awards

U.S. mega carrier Delta has taken two top awards at the 2024 Skytrax World Airline Awards, where it was named Best Airline in North America and Best Airline Staff. It is the fourth year running that Delta has scooped the Best Airline in North America award, and third consecutive year for the best staff award.

The World Airline Awards are the most coveted quality accolades celebrating excellence in the global airline industry. Award winners are voted for by travellers themselves in response to Skytrax’s World Airline Survey, the largest customer experience survey of its kind. 

"Winning these awards underscores how our dedication to providing the very best travel experience is appreciated by the 200 million customers who choose to fly with Delta every year," said Ralph Albus, Delta’s Director of Global Communications EMEAI. “Skytrax is among the most respected awards in the industry, and we are particularly proud that Delta people have been deservedly recognized for the excellent service they deliver every day.”

 Edward Plaisted, CEO of Skytrax said: "We congratulate Delta Air Lines on this fabulous achievement of being named as the Best Airline in North America for the fourth consecutive year at the 2024 World Airline Awards. This top accolade, along with being named the Best Airline Staff Service in North America, should be a source of pride for the management and staff of Delta Air Lines."

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Italian luxury brand Missoni will design the airline's Delta One amenity kits

The Delta One experience will soon be further differentiated by a new partnership the global airline has forged with Italian luxury fashion house Missoni.

Together, Delta and Missoni – a brand known for its creative use of colours and patterns – will elevate Delta One with a new customer amenity kit and top-of-the-line details woven into key touchpoints throughout the Delta One travel experience.  

“We’ve been intentional about creating a Delta One experience—both on the ground and in the air—that feels truly premium and elevated, and Missoni’s elegance and prestige aligns perfectly with that vision,” said Mauricio Parise, Vice President – Brand Experience Design. “The Missoni-designed amenity kits, along with unique design elements that will be featured in our Delta One Lounge at JFK, will offer a distinct, high-end enhancement to our most premium spaces.”   

The new Delta One amenity kits will feature Missoni’s signature textured zigzag pattern on the exterior of the bag. That same intentional design continues inside the bag, as Missoni and Delta teams created an exclusive pattern and colour palette that celebrates the view from the window at 30,000 feet while paying homage to Delta’s nearly 100-year flying heritage.  

In addition to the new kits, a selection of Missoni’s home collection will also be featured in the Delta One Lounge at New York-JFK, which will open on June 26.  

Delta accepts ATW Airline of the Year Award and Hall of Fame Honor in Dubai

Delta CEO Ed Bastian was joined onstage by six uniformed employees to accept the ATW Airline of the Year Award and Hall of Fame Honor in Dubai on Friday, May 31.

Delta has been named the 2024 Airline of the Year by aviation publication Air Transport World. 

A celebration took place in Dubai the evening of Friday, May 31 with several Delta leaders and Joint Venture partners in attendance, along with representatives from across the global aviation community. 

Delta CEO Ed Bastian was joined onstage by six uniformed employees to accept the award, representing Delta’s team of 100,000 around the globe. 

“There are many things about our company that I'm very proud of,” Bastian said. “But it's not the great planes that we have, it's not the technologies we deploy, it’s not the airports that make us great – it’s our people. It’s the people of our company. They're the reason why we are number one.”  

Delta’s outstanding operational performance, commitment to safety and premium customer service were listed by ATW as key factors in this year’s selection. The company’s efforts to create a more sustainable travel experience and to give back in its communities were also recognized. 

More options, new snacks and chef-designed meals coming on board during summer for Delta

From chef-curated menus to allergen-friendly snacks and the latest iteration of Delta's award-winning rotational wine program, here’s a look at what Delta customers can dig into this summer.  

Just as summer is a time to escape routine and explore unfamiliar destinations, this season, Delta is ready to introduce you to exciting new flavors on board.  

“Our onboard food and beverage service is an integral part of the customer journey,” said Kristen Manion Taylor, S.V.P. of In-Flight Service at Delta. “We know customers crave variety along with a taste of the familiar—that’s why our goal with every seasonal menu refresh is to balance new flavors with reimagined classics, all while maintaining our high standards of quality.”  

And now that Delta Premium Select customers have the option to pre-select meals before travel, premium customers have more in-flight dining options than ever before.  

From chef-curated menus to allergen-friendly snacks and the latest iteration of our award-winning rotational wine program, here’s a look at what customers can dig into this summer.  

Bon Appetit

Asian favorites as imagined by Chef Jereme Leung 

Global restaurateur and pioneering chef Jereme Leung is known for combining culinary traditions with modern international elements for a truly unique fine-dining experience. With the June launch of Delta service from Seattle to Taipei,* Delta One customers can sample Chef Leung’s hearty takes on Asian classics like braised beef brisket with stir-fried beans and Chao Zhou preserved olives, potato, tomato, and steamed rice; avocado and crab meat salad with tobiko fish roe; and soup noodles with minced pork, shiitake mushrooms, greens and carrots.  

A twist on Southern tradition with Chef Mashama Bailey 

Delta’s partnership with James Beard-award winning chef Mashama Bailey is the gift that keeps on giving. Starting this June, Domestic First Class customers* departing from Atlanta can savor her hearty Southern favorites, like the Fox Bros. Bar-B-Q’s short rib open-faced sandwich with sweet pickles and a side of cheddar and broccoli, or the Fox Bros. Bar-B-Q smoked chicken salad with cabbage and beet slaw, crumbled queso fresco and toasted pepitas. Top it off with banana pudding for a true down-home delight. 

*Available on board and via Pre-Select* on select domestic flights over 900 miles (*Pre-Select not available on A321neo).  

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Now boarding: Delicious flavors by route  Wherever your travels take you this summer, Delta is serving up delicious, regional favorites across the network for premium cabin customers.  
Flying back to the U.S. from the Olympic and Paralympic Games Paris 2024? Delta One customers departing from CDG to the U.S. have their choice of roasted chicken breast with chicken jus, artichoke-filled pasta with tomato cream sauce, and more. Finish it off with a Paris-Brest with praline cream and almonds for a meal that’s si bon.  
Plus, from July to August, Delta One customers departing Paris can sample two limited selections from Guy Martin, chef of Le Grand Véfour restaurant in Paris, which has previously been awarded three Michelin stars. Savor the rich taste of slow-cooked lamb shoulder in rosemary sauce with summer vegetables, or haddock served with tarragon polenta, asparagus and buttered peas in shellfish sauce.  

Chef Martin, a self-taught prodigy highly decorated in his native France, is also the author of numerous cookery books and the host of the television program Épicerie Fine. 
For Delta One customers flying JFK to LAX or SFO, Union Square Events, a Danny Meyer concept, is serving up tasty treats like pastrami short rib with BBQ jus and chicken scarpariello with roasted lemon. Available through Pre-Select.
Delta Premium Select customers on select transoceanic routes departing U.S. can enjoy globally flavored delights like makhani chicken curry with tomato chickpea stew and three-cheese manicotti with Bianco DiNapoli tomato sauce. Available for Pre-Select  
More choice for pre-arrival entrees  Feeling salty or sweet? Now customers flying in Main Cabin and Delta Comfort+® can choose between a sweet or savory option for their pre-arrival entrée on long-haul international flights. Varied selections include a spinach, egg and cheese calzone or a chocolate hazelnut calzone.  
Good food that’s good for you  Domestic First Class and Delta One* customers can indulge in the limited selection Wellness Entree, designed with a focus on lean protein, whole grains and fresh vegetables—without the nine major food allergens. This hearty, simply prepared roasted chicken comes with quinoa, green beans, roasted carrots and Roma tomato.
*Available in First Class and Delta One on select domestic routes over 900 miles and on Delta One on select transoceanic routes. Limited Selection; only available through Pre-Select (Pre-Select unavailable on A321neo)  
Say hello to new snacks  Main Cabin customers can sink their teeth into a soft-baked 88 Acres Dark Chocolate Sea Salt bar, rolling onboard in late May. This deliciously savory treat delivers a homemade cookie taste, without gluten or nuts.   
Cheers!Lean back, relax, and raise a glass with new and returning beverages on board for summer. 
Voodoo Ranger Imperial IPAThis neatly balanced amber-bronze beer, bursting with tropical, fruity flavors, comes onboard this summer as a permanent offering.  
Wine DownSusana Balbo Signature Malbec: This July, August and September, Delta One customers can enjoy elegant flavors from female winemaker and Malbec Master Susana Balbo – like this variety with brambly wild berry fruit and hints of licorice. 
Delta One international, July – Sept. 
Chateau La Mouline Moulis-en-Médoc AOC: Red lovers, rejoice – from a spectacular Bordeaux vintage known for its succulence and designated a Cru Bourgeois Supérieur, a rich and complex blend of cabernet sauvignon and merlot. 
Delta One, June & July  
Rosé, all day: The return of Gerard Bertrand Cote Des Roses to Delta One is sure to delight rosé lovers, with its salted watermelon and pomegranate notes. 
June – August  
Argyle Pinot Noir: From the Willamette Valley region of Oregon, this wine’s cherry fruit and rose petal floral notes make it a returning customer favorite. 
Delta One select routes, June - Aug 

80+ routes, seamless travel and endless Delta adventures this summer.....

As summer approaches, Delta is primed for a bustling start with nearly 3 million customers set to take flight during the Memorial Day period, May 23-27 – a 5% increase from last year.  

And with its largest international schedule to date in operation, Delta’s latest travel enhancements will ensure a top-notch experience while whisking customers to their favourite travel destinations worldwide. 

Elevating the travel experience..... 

Delta, frequently recognized for operational excellence, reliability, and innovation, has recently rolled out several enhancements to ensure every journey is as smooth as a summer breeze. 

New this season, customers departing from Atlanta, Detroit, Los Angeles, LaGuardia and New York-JFK can opt-in for Delta Digital ID within their SkyMiles profile to expedite the security process. Passengers can look forward to a seamless boarding experience with Delta's new numbered boarding system aimed at providing more clarity to the boarding sequence. 

Delta also recently debuted the most comprehensive update since 2019 to its Fly Delta app with Fly Delta 6.0, introducing a suite of improvements aimed at enhancing efficiency and empowering travellers to manage their trips with ease. This includes an all-new Help Center view, always-available access to boarding information and connectivity to our Virtual Assistant. Quickly following in early summer, customers will also soon be able to utilize their Delta SkyMiles credentials from their Fly Delta App to seamlessly connect to Delta Sync Wi-Fi onboard. 

Customers looking to live their best life this summer will enjoy the Miami and LaGuardia (May 15) Delta Sky Club expansions and the much-anticipated Delta One Lounge in New York-JFK, making its debut in June 2024. 

Delta CEO receives honorary PhD and delivers Georgia Tech 2024 Commencement Address

This past Saturday, Delta CEO Ed Bastian received an honorary doctorate degree and delivered the commencement address at Georgia Institute of Technology’s McCamish Pavilion. 

Before Bastian addressed the graduates, Georgia Tech President Ángel Cabrera presented him with an honorary degree — the most significant honor a university can bestow upon an individual for their significant contributions to a specific field or society in general.

“One thing that I think tested all of us was the unprecedented pandemic we had to go through,” said Cabrera. “I haven’t met a better leader during those very, very difficult years than Ed Bastian. Not only for what he was doing at Delta, but because of the example that he was setting for the rest of us. And that’s why we’re honouring Ed today.” 

After receiving his degree, Bastian gave advice to the bachelor’s and master’s students as they begin the next step of their journeys. 

“You are stepping into a world that needs you, more than ever,” said Bastian. “Your energy, passion, creativity, and hope. Our world is ready to be led by those who don’t run from their fears but lead through them.” 

Delta Air Lines and The Delta Air Lines Foundation have a long history of supporting Georgia Tech. Delta is a sponsor of Georgia Tech Athletics and has a close association with the Engineering School through their co-op program.  

Bastian served as the fourth speaker of five that celebrated the almost 6,000 Georgia Tech graduates. Other commencement speakers included Professor Baratunde Cola, Georgia Power CEO Kim Greene, entrepreneur Chris Klaus and McKinsey & Company Managing Partner Tiffany Burns.    

To watch his complete speech, view the video below. Bastian's portion begins at 1:16:12.

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Delta best for First/Business, Premium Economy Passenger Satisfaction; No. 1 in airline staff according to J.D. Power

One of the world’s most respected consumer intelligence organizations is recognizing the extraordinary care and skill of Delta people, the airline’s premium experiences and operational excellence that earns the trust of customers every day. Delta is the top-ranked airline in the J.D. Power 2024 North America Airline Satisfaction Study for both First/Business Class and Premium Economy segments –marking the second year in a row for the premium economy segment. 

“This is a wonderful reflection of our elevated customer experience, fueled by the unparalleled service of our 100,000 Delta people worldwide,” said Ed Bastian, CEO of Delta Air Lines. “I’m incredibly proud of our team for continuously raising the bar for our customers.” 

Delta’s placement at the top of those segments was propelled by the airline’s consistent, industry-leading performance – powered Delta people -- across six of seven dimensions that J.D. Power evaluates, including: 

Day of travel pre-/post-flight experience 

On-board experience 

Ease of Travel with airline 

Digital tools 

Airline staff 

Level of trust with airline 

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Delta has been frequently recognized for its operational excellence and reliability, innovation and as one of the best companies to work for. The factor that regularly drives that recognition is Delta’s people.1

Delta to relaunch Tampa - Amsterdam service.

At a time when authorities in Amsterdam are trying to curb an increase in tourism, Delta Air Lines has announced a restart to its service to the Dutch capital from Tampa. 

This route strengthens the airline’s Florida-Europe network, complementing the existing winter seasonal service between Orlando (MCO) and Amsterdam. Delta also flies year-round to the Dutch city from Atlanta (ATL), Boston (BOS), Detroit (DTW), Minneapolis/St Paul (MSP), New York (JFK), Portland (PDX), Salt Lake City (SLC) and Seattle (SEA).  

The new service will operate on the Airbus A330-300 aircraft, featuring four product experiences: Delta One, Delta Premium Select, Delta Comfort+ and Main Cabin. Delta One customers can stretch out in a lie-flat seat and enjoy premium amenities like plush bedding made from recycled plastic bottles, more beverage options and a seasonal chef-curated four-course meal.

“By seamlessly linking Amsterdam’s vibrant international hub—Delta’s most-served airport in Europe—with Tampa Bay’s renowned beaches, Delta is offering customers a gateway to explore the best of Europe and America,” said Matteo Curcio, Delta’s Senior Vice President for Europe, Middle East, Africa and India. “With our premium amenities and extensive global network, travellers will have a lot to enjoy during the winter travel season.” 

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Delta unveils special Team USA livery jet

The U.S. mega carrier, Delta has unveiled its custom livery upon an Airbus A350 this week in  Toulouse, France. The Team USA livery demonstrates the carrier's wish to celebrate the athletes' journeys and connect them with their Olympic dreams as the official airline of Team USA.  

The Team USA-inspired A350 celebrates Delta's eight-year partnership with the United States Olympic and Paralympic Committee, which runs through the Los Angeles 2028 Olympic and Paralympic Games.  

“Unveiling the Team USA aircraft for the Olympic and Paralympic Games Paris 2024 marks a major milestone for Delta’s support of Team USA as we look toward the start of competition in just a few months,” said Chief Marketing Officer Alicia Tillman. “This plane, designed by our in-house creative team, represents Delta’s commitment to Team USA and our partnership to elevate these athletes to reach their highest potential. As this plane flies around the world in the coming months and years, we hope it is seen as a symbol of hard work, dedication and the upward momentum to being the best that Team USA and Delta innately share.”    

The custom livery was designed over several months by Alessandra Rabellino and Delta’s internal brand design team, Window Seat. The bespoke design boasts red, white and blue colours with ‘Team USA’ proudly written across its side and maintains elements of the Team USA Livery design for the Olympic and Paralympic Winter Games Beijing 2022, as a nod to the beginning of the partner journey, while also incorporating features that look ahead to Paris and beyond.   

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Delta's top ten most searched destinations.

One of the leading airlines in the U.S, Delta, has released details of its top ten destinations, as searched for on its website. 

The top 10 list reveals that many U.S. flyers are seeking different cultural experiences in faraway settings, with Athens experiencing the highest surge (248% increase) in searches from last year. The ever-popular cities of London, Paris and Rome topped the list, along with Dublin, Barcelona and Vancouver, Canada as new additions this year.  

Searches for these top 10 international destinations increased more than 150% from 2023, highlighting the strong demand for international travel following the airline’s 11 highest sales days in its history, all occurring this calendar year.  

. Special discount for a limited time! Save up to 30% now. 
 

Here’s a look at the full list:

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London

Delta to increases starting pay to $19 an hour....

Delta announced plans to raise its minimum starting wage to $19 an hour for employees and provide a 5% pay raise to eligible employees worldwide, representing an approximately $500 million annual investment in employees across the company.

Following a payout of $1.4 billion in profit sharing bonuses, Delta is investing in frontline employees by raising the minimum starting wage to $19 an hour and providing employees across the company with a 5% pay raise. In an internal memo, CEO Ed Bastian announced Monday the raise comes as Delta continues to invest in industry-leading total compensation to reward operational excellence and customer care. 

With this investment, which will take effect on Jun 1, 2024, Delta continues to lead with industry-leading total compensation for industry-leading performance in all work groups. Including this 2024 raise, Delta has made cumulative investments of 20-25% in compensation in each of our largest frontline workgroups since 2022.  

“Delta’s leading position comes thanks to a simple concept that dates back nearly a century – invest in our people first, and they will deliver great service and experiences for our customers,” Bastian said in a memo to all employees. “That’s exactly what you do, and it always sets us apart.” 

Delta Air Lines and Aeromexico celebrate new route between Boston and Mexico City

The Delta-Aeromexico Joint Cooperation Agreement (JCA) is expanding its operations between the United States and Mexico, marking a significant milestone in the aviation industry. Delta and Aeromexico recently celebrated the launch of their new service between Boston (BOS) and Mexico City (MEX) during a ceremony at Logan International Airport. This highly anticipated route, operated by Aeromexico, marks the airline's return to the Massachusetts capital. 

To celebrate this milestone, authorities and special guests gathered for an event at Logan International Airport, including Todd Smith, Director of Aviation Operations for Massport; Felipe Cuellar, Deputy Consul of Mexico in Boston; John Angel, Managing Director of Airport Operations for Delta; and Jose Zapata, Vice President of Sales for North America & Latin America at Aeromexico. 

As part of the celebration, customers who flew on the first flight to Mexico received commemorative gifts as a thank-you for being part of this important event. 

As the Delta-Aeromexico JCA continues to expand its operations, it reinforces its commitment to providing a seamless travel experience and strengthening the connection between the United States and Mexico, our country’s second largest trading partner.  

With a focus on safety, comfort, convenience and customer satisfaction, this partnership is poised to shape the future of cross-border air travel, offering travelers more options and opportunities to explore the rich cultures and destinations of both nations. 

. Special discount limited time offerSave up to 30% now. 
 

Delta Sky Club levels up in Miami with major lounge expansion

On April 9, Delta Sky Club raised the curtain on its newly expanded Miami lounge. With the addition of nearly 4,000 square feet and 100-plus seats to the Club—a capacity increase of more than 50%— the Club now stands at just over 12,000 total square feet, ready to welcome around 300 guests.

“Miami is an important global transport hub, with increasing prominence in the Delta network,” said Claude Roussel, Vice President – Sky Clubs and Lounge Experience. “The expansion and renovation of the MIA Club helps us support the growth in this market and elevates the lounge experience to one suited to the profile of this vibrant city.”

The expansion’s design takes inspiration from Miami’s bright colors and sunny beaches. A new mosaic pays homage to the city’s classic Art Deco architecture, while the overall color palette reflects the nearby turquoise waters, blue sky, and white and gold accents seen in south Florida designs.

The Club expansion features a new service buffet and additional beverage station to support that higher guest volume. Seating in the expansion is tailored to the needs of the business traveler, with single-seat dining tables, a communal table with a charging source in the center, and power outlets at almost every seat. Throughout the Club, seating has been refurbished to match the elevated look of the newly added space.

The Miami expansion kicks off a year of growth for Delta lounges, with two new Delta Sky Clubs coming to Charlotte and Seattle and three highly anticipated Delta One Lounges opening in JFK, LAX and BOS. See the full list of openings here.

Delta Air Lines releases its March Quarter financial results

Delta Air Lines has reported financial results for the March quarter and provided its outlook for the June quarter.  

"Thanks to the extraordinary work of our 100,000 people, Delta is delivering the best operational reliability in our history, and we have widened the gap to our competitors.  We were thrilled to recognize their efforts with $1.4 billion in profit sharing payouts during the quarter," said Ed Bastian, Delta's chief executive officer.

"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."

March Quarter 2024 GAAP Financial Results

• Operating revenue of $13.7 billion
• Operating income of $614 million with an operating margin of 4.5 percent
• Pre-tax income of $122 million with a pre-tax margin of 0.9 percent
• Earnings per share of $0.06
• Operating cash flow of $2.4 billion
• Payments on debt and finance lease obligations of $712 million
• Total debt and finance lease obligations of $19.4 billion at quarter end

March Quarter 2024 Adjusted Financial Results

• Operating revenue of $12.6 billion, 6 percent higher than the March quarter 2023
• Operating income of $640 million with an operating margin of 5.1 percent
• Pre-tax income of $380 million with a pre-tax margin of 3.0 percent
• Earnings per share of $0.45
• Operating cash flow of $2.5 billion
• Free cash flow of $1.4 billion
• Adjusted debt to EBITDAR of 2.9x, down from 3.0x at the end of 2023
• Return on invested capital of 13.8 percent on a trailing five quarter average, up 2.8 points over prior year

Financial Guidance

	FY 2024 Forecast
Earnings Per Share	$6 - $7
Free Cash Flow ($B)	$3 - $4
Adjusted Debt to EBITDAR	2x - 3x
	2Q24 Forecast
Total Revenue YoY	Up 5% - 7%
Operating Margin	14% - 15%
Earnings Per Share	$2.20 - $2.50

1Non-GAAP measures; Refer to Non-GAAP reconciliations for historical comparison figures

Additional metrics for financial modelling can be found in the Supplemental Information section under Quarterly Results on ir.delta.com.