Revenue segments as reported by the company.

Passenger

Cargo

Other Revenue

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Salaries

Aircraft fuel and related taxes

Regional carriers expense, excluding fuel

Contracted services

Passenger commissions and other selling expenses

Landing fees and other rents

Aircraft maintenance materials and outside repairs

Profit sharing

Passenger service

Ancillary businesses and refinery

Aircraft rent

Other expenses

Restructuring charges

CARES Act grant recognition

Pilot agreement and related expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Delta Air Lines

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Delta Air Lines reports robust earnings, eyes growth opportunities

Delta Air Lines delivered strong financial performance, focusing on brand and customer experience enhancements. Despite challenges in capacity and labor costs, the company is optimistic about revenue growth and achieving long-term financial targets by 2024.

Delta Air Lines reports robust Q1 earnings and growth outlook

Delta Air Lines delivered strong financial performance in Q1 2023, focusing on employee recognition, capacity growth, and digital transformation.
Analysts' inquiries centered on revenue trends, cost management, and operational preparedness, with Delta addressing concerns and emphasizing safety measures.
The airline's strategic focus on workforce, operational efficiency, and revenue diversification positions it well for growth and financial stability in the coming quarters.

Delta Air Lines reports record earnings, eyes international growth

Delta Air Lines (DAL) delivered strong financial performance in Q2 2023, with record revenue and earnings. The company's long-term strategy focuses on financial performance and generating significant free cash flow.
While facing uncertainties in Q4 revenue outlook and deployment challenges, Delta remains committed to investments in digital transformation and customer experience enhancements.

Delta Air Lines reports robust Q3 earnings and growth opportunities

Delta Air Lines delivered impressive Q3 results with strong earnings and revenue growth. The company's operational fundamentals are robust, positioning it well for future growth.
While facing challenges in program reassessment and asset redeployment, Delta has opportunities to capitalize on corporate travel growth and premium product sales.
By monitoring market dynamics and optimizing maintenance capabilities, Delta can navigate challenges and drive continued profitability and revenue growth.

Delta Air Lines posts record earnings, eyes growth and efficiency

Delta Air Lines delivered robust financial performance in Q4 2023, showcasing operational excellence and a strategic focus on growth and efficiency. The company's investments in people, customer experience, and operational reliability position it well for future profitability and optimization opportunities.

Delta Air Lines excels in Q1 earnings, eyes growth opportunities

Delta Air Lines delivered strong financial performance in Q1 2024, driven by revenue growth and operational efficiency, positioning the company for continued success.
While facing challenges such as lower unit revenues and ATC issues, Delta's strategic focus on network optimization and premium offerings presents growth opportunities.
By leveraging strengths in revenue management, asset utilization, and operational excellence, Delta is poised to navigate challenges and capitalize on opportunities for sustained profitability.

Delta Air Lines excels in Q2 2024, eyes Saudi expansion

Delta Air Lines delivered robust financial results in Q2 2024, demonstrating resilience and strategic growth initiatives. While facing challenges in debt management and market dynamics, the airline is well-positioned to capitalize on opportunities in premium travel offerings and international expansion. Delta's focus on customer experience and operational efficiency remains key to its success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.

The headline numbers for Delta (DAL) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Delta (DAL) Q4 Earnings

Delta Air Lines NYSE: DAL shares fell more than 5% following the Q4 earnings release, creating a buy-the-dip opportunity. The release contained nothing but good news and an optimistic outlook but fell short of expectations in one way.

Delta Air Lines: A buy-the-dip stock with ample upside

Delta Air Lines saw its profits more than double in the fourth quarter last year, helped by strong travel demand, even as it trimmed its earnings expectations for 2024, the US carrier said Friday.

Delta reports profit jump but lowers earnings forecast

Delta Air Lines Inc (NYSE:DAL) shares dropped in early morning trading Friday after the airline cut its profit estimates. The major US carrier cited elevated costs, supply chain delays and increased maintenance expenses as the reason for reducing its anticipated adjusted earnings per share to between $6 and $7 compared to over $7 it had previously targeted.

Delta adjusts 2024 profit outlook despite 4Q earnings beat

Delta Air Lines (DAL) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.48 per share a year ago.

Delta Air Lines (DAL) Q4 Earnings and Revenues Top Estimates

Airline stocks fell in premarket trades Friday after Delta Airlines Inc. lowered its 2024 earnings guidance.

Airline stocks slide after Delta lowers 2024 earnings guidance

American Airlines

JetBlue Airways

Southwest Airlines

United Continental Hlds

Airlines in the United States canceled more than 1,200 flights on Friday after a massive winter storm knocked out power and affected businesses in 12 states, with forecast of a brutal freeze over the weekend.

U.S. airlines cancel over 1,200 flights due to massive winterstorm

Delta Airlines Inc. DAL, +0.36% reported a top- and bottom-line beat with its fourth-quarter results Friday, although the company's stock was falling 5.1% in premarket trades after Delta delivered lowered earnings guidance. Net income was $2.04 billion, or $3.16 a share, compared with $828 million, or $1.29 a share, in the prior year's quarter.

Delta almost doubles Q4 profit, but shares slide on lowered earnings guidance

Airbus SE

Delta Air Lines on Friday unveiled a deal with Airbus to buy 20 A350-1000 widebody aircraft, in a deal that is likely to make it the first U.S. carrier to operate the model.

Delta to buy 20 Airbus A350-1000 widebody planes

Delta Air Lines on Friday scaled down its profit outlook for the current year, citing supply chain issues and macroeconomic uncertainties, sending its shares down 5% in premarket trading.

Delta Air Lines cuts 2024 profit outlook on supply chain, economic risks

Boeing

Delta Air Lines CEO Ed Bastian said he was confident Boeing would learn from an incident last week involving a mid-air blowout of a cabin panel on one of the U.S. planemaker's jets.

Delta CEO confident Boeing will learn from mid-air panel incident

Delta is the first of the major U.S. carriers to report earnings this period.

Delta more than doubles fourth-quarter profit, CEO predicts strong 2024

Delivered industry-leading operational performance and financial results in December quarter  Generated record full year revenue and over $5 billion of pre-tax income, a near doubling over 2022 Guiding to 2024 free cash flow of $3 to $4 billion, an improvement of up to $2 billion over 2023 Expect record March quarter revenue on improving domestic environment and continued strength in  international demand, with solid profitability ATLANTA , Jan. 12, 2024 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the December quarter and full year 2023 and provided its outlook for the March quarter and full year 2024.  Highlights of the December quarter and full year 2023, including both GAAP and adjusted metrics, are on page six and incorporated here.

Delta Air Lines Announces December Quarter and Full Year 2023 Financial Results

Bank of America

Citigroup

JPMorgan Chase & Co

UnitedHealth Group

Wells Fargo

We turn our attention to Q4 earnings season, which picks up steam Friday morning before the opening bell.

Q4 Earnings from Wall Street On Deck: JPMorgan, Citi, BofA and Wells Fargo

Core CPI year over year of +3.9% is the first sub-4% print since May 2021.

CPI Warmer than Expected; Jobless Claims Stay Low

The carrier will kick off the sector's earnings season Friday and investors have plenty to look out for as they try to determine the flight path ahead.

Delta Reports Earnings Friday. Why It Will Set the Tone for Airline Stocks in 2024.

Delta stock has seen bumps and dips over the past year. The airline industry has recovered from pandemic-related pressures.

Delta Air Lines' Stock Has Seen Turbulence. Here's How It Could Fly Higher in 2024.

KB Home

We're not completely devoid of new information in today's pre-market: the early part of the year is big for convention-type events like the Consumer Electronics Show (CES) in Las Vegas, where A.I. is unsurprisingly taking center stage, being implemented in everything from automobile dashboards to home refrigerators.

Wall Street Awaits Key Inflation Data

Back on Oct. 19, we looked at 10 airline stocks and ranked them by a core measure of profitability used in the industry. That turned out to be excellent timing, because airline stocks have soared even more than the broad stock market since then.

Airline stocks have had a great run. Here's what analysts expect from here.

Among big news on deck this week are CPI and PPI data, Weekly Jobless Claims and the start of Q4 earnings season.

Quiet Before the Economic Data Storm

DAL stock gained 22% in 2023 and Morgan Stanley has it as the top pick in the airlines space for 2024.

DAL Stock, 'Top Pick' For 2024 Targets 95% EPS Growth, Approaches Buy Point

Given its better prospects, we believe Delta Air Lines stock (NYSE: DAL) is a better pick than its peer, Southwest Airlines stock (NYSE: LUV). LUV stock is trading at a slightly higher valuation multiple of 0.7x revenues, compared to 0.5x for DAL, partly due to its better financial position, as discussed below.

Gaining 20% In 2023 Will Delta Continue To Outperform Southwest Stock?

Delta Air Lines, Inc.  (NYSE:DAL) is headed to the earnings confessional, with results for the fourth quarter due out before the open on Friday, Jan. 12.

Can This Airline Stock Sustain Pre-Earnings Momentum?

Greenbrier Companies

Uber

The transportation sector is poised to have multiple, positive catalysts in 2024. Although the economy is slowing, the economic expansion will probably continue.

January's Transport Titans: The 3 Best Transportation Stocks to Buy Now

Airbus is nearing an order from Delta Air Lines for dozens of wide-body jets including extra A350-1000 aircraft, industry sources told Reuters.

News for Delta Air Lines Stock (DAL)