{"id":71197,"date":"2024-10-11T01:33:32","date_gmt":"2024-10-10T20:03:32","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=71197"},"modified":"2024-10-31T23:15:29","modified_gmt":"2024-10-31T17:45:29","slug":"delta-added-27-new-aircraft-in-2024-q3-results","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2024\/10\/11\/delta-added-27-new-aircraft-in-2024-q3-results\/","title":{"rendered":"Delta Air Lines Adds 27 New Aircraft in 2024, Most Profitable Q4 and More"},"content":{"rendered":"\n<p><strong>ATLANTA\u2014 <\/strong><a href=\"https:\/\/aviationa2z.com\/index.php\/tag\/delta\/\">Delta Air Lines (DL)<strong> <\/strong><\/a>has released its financial results for the third quarter (Q3) of 2024, showcasing robust performance and a positive outlook.<\/p>\n\n\n\n<p>The airline reported GAAP operating revenue of $15.7 billion and operating income of $1.4 billion, with an operating margin of 8.9%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/05\/image-9-1024x683.png\" alt=\"Delta Air Lines (DL) has released its financial results for the third quarter (Q3) of 2024, showcasing robust performance and a positive outlook.\" class=\"wp-image-62992\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/05\/image-9-1024x683.png 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/05\/image-9-300x200.png 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/05\/image-9-768x512.png 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/05\/image-9-150x100.png 150w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/05\/image-9-450x300.png 450w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/05\/image-9-1200x800.png 1200w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2024\/05\/image-9.png 1440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo: JFK Spotting<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-delta-air-lines-q3-results\">Delta Air Lines Q3 Results<\/h2>\n\n\n\n<p>CEO Ed Bastian highlighted Delta&#8217;s industry-leading operational and financial performance, noting a double-digit operating margin and nearly $3 billion in free cash flow generation year-to-date. In recognition of employee efforts, Delta accrued almost $1 billion in profit-sharing payouts in February.<\/p>\n\n\n\n<p>Delta&#8217;s GAAP financial results for Q3 2024 include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Pre-tax income of $1.6 billion (10.0% margin)<\/li>\n\n\n\n<li>Earnings per share of $1.97<\/li>\n\n\n\n<li>Operating cash flow of $1.3 billion<\/li>\n\n\n\n<li>Debt and finance lease obligation payments of $263 million<\/li>\n\n\n\n<li>Total debt and finance lease obligations of $17.7 billion at quarter-end<\/li>\n<\/ul>\n\n\n\n<p>Bastian expressed optimism for Q4, projecting a 30% increase in pre-tax profit to $1.4 billion compared to last year, potentially marking one of Delta&#8217;s most profitable fourth quarters ever.<\/p>\n\n\n\n<p>Delta Air Lines anticipates robust earnings growth and margin expansion in Q4 2024, with projected earnings of $1.60 to $1.85 per share and an operating margin of 11% to 13%.<\/p>\n\n\n\n<p>CFO Dan Janki attributes this outlook to operational efficiency and consistent non-fuel unit cost growth in the low single digits for the year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1023\" height=\"682\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/09\/image-224.png\" alt=\"Delta Air Lines (DL) has released its financial results for the third quarter (Q3) of 2024, showcasing robust performance and a positive outlook.\" class=\"wp-image-46577\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/09\/image-224.png 1023w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/09\/image-224-300x200.png 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/09\/image-224-768x512.png 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2023\/09\/image-224-750x500.png 750w\" sizes=\"(max-width: 1023px) 100vw, 1023px\" \/><figcaption class=\"wp-element-caption\">Photo: Andrew E. Cohen | Flickr<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-fleet-and-other-updates\">Fleet and Other Updates<\/h2>\n\n\n\n<p>Delta is the most on-time airline year-to-date, leading in on-time departures, arrivals, and completion factors. The airline has taken delivery of <strong>27 aircraft<\/strong> in 2024, including nine in Q3, comprising A321neo, A330-900, and A350-900 models.<\/p>\n\n\n\n<p>Network Expansion: Delta announced its 2025 Transatlantic summer schedule, offering over 700 weekly flights to 33 destinations, including seven new routes.<\/p>\n\n\n\n<p>The airline signed codeshare agreements with Scandinavian Airlines System or SAS (SK) and <a href=\"https:\/\/aviationa2z.com\/index.php\/tag\/saudia\/\">Saudia Airlines (SV)<\/a>, expanding its global reach. New services include a nonstop flight from Salt Lake City to Seoul and five new routes from Austin, Texas.<\/p>\n\n\n\n<p>Employee Relations and Recognition: Delta accrued $964 million in profit sharing year-to-date, with $320 million in Q3 alone. The airline received multiple recognitions, including Great Place To Work\u00ae Certification\u2122 for the sixth consecutive year and top rankings in various employer lists by Forbes and Indeed.<\/p>\n\n\n\n<p>Customer Experience Enhancements: Delta expanded its free Wi-Fi service to over 90% of its domestic mainline network for SkyMiles members. The airline opened a new Delta One Lounge at LAX, expanded its Delta Sync seatback product, and introduced Delta Premium Select on select transcontinental flights.<\/p>\n\n\n\n<p>Corporate Initiatives: Delta launched Delta Business Traveler, a complimentary program for individual business travelers, and expanded its Global Corporate Priority benefits program to include LATAM Airlines. The airline also became the official airline of the WNBA.<\/p>\n\n\n\n<p>Community Engagement: Delta contributed $500,000 to the American Red Cross for Hurricane Helene relief efforts and participated in volunteer activities on 9\/11 to address food insecurity.<\/p>\n\n\n\n<p>Stay tuned with us. Further, follow us on social media for the latest updates.<\/p>\n\n\n\n<p>Join us on\u00a0<a href=\"https:\/\/t.me\/s\/aviationa2z\" rel=\"nofollow\">Telegram Group\u00a0<\/a>for the Latest Aviation Updates. Subsequently, follow us on\u00a0<a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMPLdrgsw_-jGAw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\">Google News<\/a><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-aviation-a-2-z wp-block-embed-aviation-a-2-z\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ClFiuqNGUV\"><a href=\"https:\/\/aviationa2z.com\/index.php\/2024\/10\/31\/delta-flight-attendants-cannot-stop-passengers-taking-pictures\/\">Delta Told Flight Attendants to Not Stop Passengers from Taking their Pictures<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Delta Told Flight Attendants to Not Stop Passengers from Taking their Pictures&#8221; &#8212; Aviation A2Z\" src=\"https:\/\/aviationa2z.com\/index.php\/2024\/10\/31\/delta-flight-attendants-cannot-stop-passengers-taking-pictures\/embed\/#?secret=xj9eqNwcQK#?secret=ClFiuqNGUV\" data-secret=\"ClFiuqNGUV\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Delta Air Lines (DL) has released its financial results for the third quarter (Q3) of 2024, showcasing robust performance and a positive outlook.<\/p>\n","protected":false},"author":147,"featured_media":62956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6761,7308,7307],"tags":[1684,12763,21595,5814,16774,8503,9311,10428,8703],"class_list":{"0":"post-71197","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-us-airlines-news","9":"category-usa-aviation-news","10":"tag-delta","11":"tag-delta-a350","12":"tag-delta-a350-fleet","13":"tag-delta-air-lines","14":"tag-delta-financial-report-2024","15":"tag-delta-new-destinations","16":"tag-delta-new-flights","17":"tag-delta-new-routes","18":"tag-delta-news"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/71197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/147"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=71197"}],"version-history":[{"count":4,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/71197\/revisions"}],"predecessor-version":[{"id":73160,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/71197\/revisions\/73160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/62956"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=71197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=71197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=71197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}