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Delta Air Lines returned to profit last month
Delta Air Lines reported its March quarter financials with a strong rebound from the effects of the Omicron wave in early 2022.
“With a strong rebound in demand, we returned to profitability in March, producing a solid adjusted operating margin of almost 10%,” the airline said.
“As the demand momentum grow, we are successfully recapturing higher fuel prices, driving our outlook for a 12 to 14 percent adjusted operating margin and strong free cash flow in the June quarter,” said Ed Bastian, Delta’s chief executive officer.
Delta’s adjusted operating revenue of $8.2 billion was 79% of pre-pandemic March quarter 2019.
Capacity is up to 83% of pre-pandemic levels.
Total operating expenses of $10.1 billion increased by $679 million on the March quarter 2019.
At the end of the March quarter, Delta had $12.8 billion in liquidity.
Ray Monty
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