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Delta reports record quarterly profits as US bounces back

Air
Gary Noakes
13 July 2023

Delta Air Lines has reported the highest quarterly profit and revenue in its history, underlining the recovery in the US travel sector.

Delta is flying high following the pandemic

Delta, whose Atlanta hub is the world’s busiest airport, made an adjusted pre-tax profit of $2.2 billion in the June quarter – a margin of 15.2%, far ahead of the industry average of around 5%. Operating revenue was also a record at $14.6 billion, up 19% year on year.

Ed Bastian, Delta’s chief executive, said the results meant staff would receive $667 million in profit sharing next year.

Delta predicted a 2023 profit margin of more than 12% with revenue up 17-20% for the full financial year.