{"id":27416,"date":"2022-10-14T18:26:25","date_gmt":"2022-10-14T12:56:25","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=27416"},"modified":"2022-10-14T18:26:28","modified_gmt":"2022-10-14T12:56:28","slug":"delta-earnings-record-operating-revenue-tremendous-demand-ceo-says","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/10\/14\/delta-earnings-record-operating-revenue-tremendous-demand-ceo-says\/","title":{"rendered":"Delta earnings: record operating revenue \u2018tremendous demand,\u2019 CEO says"},"content":{"rendered":"\n

Delta Air Lines saw a record quarterly revenue during Q3.<\/strong><\/p>\n\n\n\n

Early today, Delta Air Lines<\/a><\/strong> reported its third-quarter financial results. During Q3, Delta had a net income of $695 million. Additionally, the American carrier shared its outlook for the fourth quarter of 2022.<\/em><\/p>\n\n\n\n

Delta Air Lines<\/h2>\n\n\n\n

Delta Air Lines <\/a><\/strong>had a very successful 3rd quarter, with revenues higher than ever and the second consecutive quarter in which the airline recorded a double-digit operating margin. Some key Generally Accepted Accounting Principles (GAAP) financial highlights include:<\/p>\n\n\n\n

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Delta Air Lines | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n
  1. $14 billion operating revenue<\/strong><\/li>
  2. $1.5 billion operating income<\/strong><\/li>
  3. $695 million net income<\/strong><\/li><\/ol>\n\n\n\n

    Delta Air Lines CEO<\/h2>\n\n\n\n

    Delta CEO Ed Bastian praised the efforts of Delta’s employees, “Thanks to the incredible work of our whole team, Delta delivered a strong September quarter with record quarterly revenues and a double-digit operating margin. The travel recovery continues as passengers spending shifts to experiences and demand improves in corporate and international.”<\/p>\n\n\n\n

    Bastian said that Delta expects its Q4 revenue to increase with the recent development. “In this environment, we expect December quarter revenue increase to accelerate versus 2019 with an operating margin of around ten percent.”<\/p>\n\n\n\n

    Delta Air Lines also expects to close out 2022 with a positive cash flow. According to Bastian, by the summer of 2023, the airline anticipates a complete restoration of its network, setting itself up for $4 billion of free cash flow in 2024.<\/b><\/p>\n\n\n\n

    Glen Hauenstein, President of Delta Air Lines, stated that during Q3 Delta’s adjusted revenue was 3% higher and that its unit revenues were 23% higher compared to Q3 2019.<\/p>\n\n\n\n

    Also, read <\/p>\n\n\n\n