HomeTravel NewsDelta Air Lines Returns to Profit in First Quarter of Year

Delta Air Lines Returns to Profit in First Quarter of Year

Delta Air Lines has reported a pre-tax profit of $122m for the first quarter of 2024.

This marks a return to first quarter profitability for the US carrier, after it suffered a $506m loss in the three months to the end of March, 2023.

Furthermore, operating revenue for the first quarter of 2024 jumped from $12.7bn to $13.7bn, year-on-year.

The airline giant expects to see revenues rise by 5%-7% for the full year this year.

Delta Air Lines chief executive, Ed Bastian, said: “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 recognise their efforts with $1.4 billion in profit sharing payouts during the quarter.”

“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.”

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.

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