Tag Archives: Delta Air Lines

Delta Air Lines firms order for 12 additional Airbus A220 aircraft

Delta Air Lines has firmed up an order for a dozen more Airbus A220-300 aircraft, bringing the airline’s total firm order for A220s to 119 aircraft – 45 A220-100s and 74 A220-300s.

Throughout the years, Delta has reordered the A220 four times and is today the largest A220 customer and operator.

Delta took delivery of its first Airbus A220 in October 2018, and was the first U.S. carrier to operate the aircraft type. Delta currently owns a fleet of 415 Airbus aircraft, including 59 A220 aircraft, 266 A320 Family aircraft, 62 A330s and 28 A350-900 aircraft.

With 246 A220s delivered to 16 airlines operating on four continents, the A220 is the optimal aircraft to offer operational flexibility for both regional as well as long-distance routes. To date, more than 70 million passengers have enjoyed the A220. The fleet is currently flying on over 825 routes and 325 destinations worldwide. As of the end of December 2022, nearly 30 customers have ordered close to 800 A220 aircraft – confirming its leading position in the small single-aisle market.

Top Copyright Photo: Delta Air Lines Airbus A220-300 (CS300 BD-500-1A11) N312DU (msn 55170) LAX (Michael B. Ing). Image: 959910.

Delta Air Lines aircraft photo gallery (Airbus):

The FAA is investigating a near-miss between two passenger airliners at New York JFK

The Federal Aviation Administration (FAA) is investigating a near-miss between two airline aircraft at John F. Kennedy International Airport on Friday, January 13 according to NPR.

According to preliminary information from the FAA, a Delta Air Lines flight 1943 had to stop “its takeoff roll approximately 1,000 feet” from where an American Airlines flight AAL 106 with a Boeing 777 crossed the same runway in front of the Delta plane.

The 777 was traveling on an adjacent taxiway and air traffic controllers noticed the two approaching aircraft.

Delta Air Lines reports its the fourth quarter and 2022 results

Delta Air Lines reported financial results Friday for the December quarter and full year 2022 and provided its outlook for the March quarter 2023:

  • Generated double-digit operating margin in December quarter with EPS ahead of guidance
  • Expect March quarter revenue to accelerate further relative to 2019
  • Reiterating outlook for significant earnings and cash flow growth in 2023, including EPS of $5 – $6 and free cash flow of more than $2 billion

Delta Air Lines today reported financial results for the December quarter and full year 2022 and provided its outlook for the March quarter 2023. Highlights of the December quarter and full year 2022 results, including both GAAP and adjusted metrics, are on page five of the full release and are incorporated here.

“Delta people rose to the challenges of 2022, delivering industry-leading operational reliability and financial performance, and I’m looking forward to recognizing their achievements with over $500 million in profit sharing payments next month,” said Ed Bastian, Delta’s chief executive officer.  “As we move into 2023, the industry backdrop for air travel remains favorable, and Delta is well positioned to deliver significant earnings and free cash flow growth. We expect to grow 2023 revenue by 15-20% and improve unit costs year-over-year, supporting a full-year outlook for earnings of $5 to $6 per share and keeping us on track to achieve more than $7 of earnings per share in 2024.”

DECEMBER QUARTER 2022 GAAP FINANCIAL RESULTS

  • Operating revenue of $13.4 billion
  • Operating income of $1.5 billion with an operating margin of 10.9%
  • Pre-tax income of $1.1 billion with a pre-tax margin of 8.3%
  • Earnings per share of $1.29
  • Operating cash flow of $1.2 billion
  • Payments on debt and finance lease obligations of $285 million

DECEMBER QUARTER 2022 ADJUSTED FINANCIAL RESULTS

  • Operating revenue of $12.3 billion, 8% higher than the December quarter 2019
  • Operating income of $1.4 billion with an operating margin of 11.6%
  • Pre-tax income of $1.2 billion with a pre-tax margin of 10.1%
  • Earnings per share of $1.48
  • Operating cash flow of $1.2 billion

FULL YEAR 2022 GAAP FINANCIAL RESULTS 

  • Operating revenue of $50.6 billion
  • Operating income of $3.7 billion with an operating margin of 7.2%
  • Pre-tax income of $1.9 billion with a pre-tax margin of 3.8%
  • Earnings per share of $2.06
  • Operating cash flow of $6.4 billion
  • Payments on debt and finance lease obligations of $4.5 billion
  • Total debt and finance lease obligations of $23.0 billion at year end

FULL YEAR 2022 ADJUSTED FINANCIAL RESULTS 

  • Operating revenue of $45.6 billion, 2% lower than the full year 2019
  • Operating income of $3.6 billion with an operating margin of 7.8%
  • Pre-tax income of $2.7 billion with a pre-tax margin of 5.9%
  • Earnings per share of $3.20
  • Operating cash flow of $6.2 billion
  • Free cash flow of $244 million
  • $9.4 billion in liquidity* and adjusted net debt of $22.3 billion at year end

*Includes cash and cash equivalents, short-term investments and undrawn revolving credit facilities

Top Copyright Photo: Delta Air Lines Boeing 737-900 ER SSWL N897DN (msn 32004) LAS (Jay Selman). Image: 404240.

Delta Air Lines aircraft photo gallery (Boeing):

Delta Air Lines ranks as the most punctual airline in the U.S. in OAG’s Punctuality League 2023

OAG, the world’s leading data platform for the global travel industry, has revealed the most punctual airlines and airports in North America as part of its Punctuality League 2023.

Delta finished 2022 as the most punctual airline in the U.S. with an on-time performance (OTP) of 81.79% and an extremely low cancellation rate of just 0.01%. Alaska Airlines (#2; OTP 79.13%), United Airlines (#3; OTP 79.10%), American Airlines (#4; OTP 77.38%) and Hawaiian Airlines (#5; OTP 75.80%) rounded out the Top 5 most on-time airlines in North America.

 U.S. carriers showed strong performance among Mega Airlines and low-cost carriers (LCCs) despite winter weather disruptions over the Christmas holiday, including Southwest which canceled 16,873 flights alone in December. Globally, seven U.S. carriers ranked among the Top 20 Mega Airlines (defined by the number of flights operated) in the world. Delta ranked #6, followed by Alaska (#7), United (#8) American (#9) and Spirit Airlines (#10; OTP 73.18%). Among the Top 20 low-cost carriers (LCCs) in the world, Spirit ranked #13, followed by Southwest (#14; OTP 71.61%) and Frontier Airlines (#18; OTP 66.18%), with JetBlue (OTP 63.90%) finishing just outside the Top 20 at #21.

U.S. airports dominated OAG’s Mega Airports category, with 14 ranking among the Top 20 globally. These include Atlanta Hartsfield-Jackson International (#2; OTP 80.08%), Seattle-Tacoma International (#3; OTP 79.98%), Houston George Bush Intercontinental (#4; OTP 79.72%), Charlotte Douglas International (#5; OTP 79.59%), Los Angeles International (#6; OTP 78.63%), Chicago O’Hare International (#7; OTP 77.86%), Phoenix Sky Harbor International (#8; OTP 76.80%), Dallas Fort Worth International (#9; OTP 76.15%) and Miami International (#10; OTP 73.97%), among others.

 Salt Lake City International (#1; OTP 83.59%) is the most punctual airport in the U.S. overall, followed by Boise Airport (#2; OTP 82.92%) and Fresno Yosemite International (#3; OTP 81.58%).

 “Strong performance by U.S. Mega Airlines and Mega Airports reflects the competitive nature of the rapidly-recovering U.S. domestic market in 2022,” said John Grant, chief analyst at OAG. “Despite a tough end to the year, overall on-time performance is improving across the board as carriers provided slightly less frequency to ease operational pressures and delays. This in turn allows many carriers to deliver OTP levels last seen in the pre-pandemic era, if not better.” 

 Download the full report for more insights from OAG’s Punctuality League 2023

Top Copyright Photo: Delta Air Lines Airbus A330-941 N406DX (msn 1953) LAX (Michael B. Ing). Image: 959866.

Delta Air Lines aircraft photo gallery (Airbus):

Delta Air Lines introduces “Delta Sync”

Delta Air Lines is bringing together an ecosystem of digital services and experiences to create Delta Sync, its vision for personalized travel that will make every trip feel fit for you.

Rolling out in 2023, Delta Sync is underpinned by SkyMiles membership and catalyzed through free Wi-Fi to deliver personalized and exclusive in-flight entertainment, more ways to enjoy your favorite onboard food and beverage, and exclusive partnerships with top consumer brands coming this year.

Experiencing Delta Sync is easy – customers simply join SkyMiles for free to create a profile and book travel.

Video:

https://youtu.be/CrJ7NzOhcxI

As initial Delta Sync experiences roll out in 2023, the airline is taking a step forward in making every trip feel fit for you. Visit Delta News Hub for more information about the personalized and exclusive in-flight entertainment, more ways to enjoy your favorite onboard food and beverage, and exclusive partnerships with top consumer brands coming this year.

As initial Delta Sync experiences roll out in 2023, the airline is taking a step forward in making every trip feel fit for you. Read on for more information about the personalized and exclusive in-flight entertainment, more ways to enjoy your favorite onboard food and beverage, and exclusive partnerships with top consumer brands coming this year.

Delta will offer fast, free Wi-Fi in partnership with T-Mobile to all customers on board most domestic mainline flights beginning Feb. 1 – the first major U.S. airline to offer free Wi-Fi as a core element of its customer experience.1

The airline will offer the service on more than 700 Viasat-equipped aircraft by the end of 2023. Delta also announced plans to bring free Wi-Fi on international and regional aircraft by the end of 2024.2

Designed to fuel Delta’s vision of more personalized travel, customers will log in using their Delta SkyMiles® account or join SkyMiles on the ground or in the air for free to connect.

 

Delta honors legendary Georgia football coach Vince Dooley on N842MH

Delta Air Lines commemorated the life and legacy of renowned University of Georgia football coach Vince Dooley on Tuesday with the dedication of a Boeing 767-400 (N842MH) featuring a memorial seal honoring the Hall of Famer.

The dedication ceremony was attended by CEO Ed Bastian as well as fellow Delta leaders – and UGA alumni – Chief Marketing and Communications Officer Tim Mapes and Chief Customer Experience Officer Allison Ausband. The Dooley Family was in attendance alongside Gov. Brian Kemp; Lt. Governor-Elect Burt Jones; Billy Payne, former chairman of Augusta National Golf Club; Frank Ros, team captain of the 1980 UGA team; and several Delta employees, who are also UGA alumni.

“Vince Dooley’s legacy lives on through his enduring spirit and meaningful dedication to the University of Georgia and Bulldog fans everywhere,” said Allison Ausband, class of ’83 and incoming chair of The University of Georgia Foundation. “Delta and the University of Georgia have a longstanding relationship. As the official airline of UGA Athletics, we are honored to dedicate this aircraft to Coach Dooley in remembrance of his impact across athletics, community and family.”

At the ceremony, Vince Dooley’s son, Daniel Dooley, shared memories of Dooley’s celebrated career and dedication to the University of Georgia athletic program.

Ed Bastian and Barbara Dooley at the ceremony commemorating the life and legacy of renowned University of Georgia football coach Vince Dooley with the dedication of a Boeing 767-400 featuring a memorial seal honoring the Hall of Famer.  

Delta has been the official airline of Georgia athletics for more than 40 years dating to 1980, when Delta first transported Dooley’s team to New Orleans to win a national title. In 2022, Delta welcomed home the victorious UGA Bulldogs after a victory in the 2022 NCAA College Football Playoff National Championship.

In addition to Delta’s support for UGA athletics, The Delta Air Lines Foundation has supported the University of Georgia Foundation for many years. This includes projects involving athletics, such as a grant for renovating Butts-Mehre Heritage Hall, the athletics administration center that houses the football program, and academic support for programs including the Delta Innovation Hub, the Driftmier Engineering Center, and Delta Hall in Washington, D.C.

In a few days, Delta will once again carry the University of Georgia football team to their second consecutive College Football Playoffs in Los Angeles, California.

Delta to speak at CES® 2023, adds flights to Las Vegas

Delta Air Lines will return to the stage at CES® 2023 to share how harnessing people, personalization and innovation is building a more connected travel journey, opening this year’s C Space program, the destination for leaders in the content and entertainment industries at the most influential tech event in the world.

Delta CEO Ed Bastian will join MediaLink CEO Michael E. Kassan on stage Jan. 5 in Las Vegas to discuss the ways Delta and other consumer brands are combining technology with ingenuity to better know and serve their customers, engaging their members with increasingly tailored experiences curated just for them.

Delta Air will offer additional flights from 16 U.S. cities and three of its international hubs to Las Vegas for CES® 2023 — the most influential tech event in the world.

The nearly 320 inbound and outbound flights account for an approximately 50% seat increase over the regular Las Vegas schedule in January.

Delta will add approximately 23,000 seats* to and from LAS January 3-4 and January 7-9, 2023, including more than 5,800 seats* in Delta’s four premium cabins.

Domestically, Delta will operate additional flights to Las Vegas on inbound and outbound conference days from eight of its U.S. hubs.

Additionally, the airline will fly nonstop from locations like Austin, Texas; Fort Lauderdale/Hollywood and Orlando, Florida; Orange County, California; and San Diego and San Jose, California — cities that Delta does not otherwise serve nonstop to Las Vegas.

Top Copyright Photo: Delta Air Lines Boeing 737-900 ER SSWL N890DN (msn 62775) LAS (Jay Selman). Image: 404239.

Delta Air Lines aircraft photo gallery (Boeing):

 

 

Delta people safely managing airline operation through storm

The Christmas travel period was a general nightmare for many U.S. airlines (especially Southwest) due to a savage winter storm that caused many aircraft crews and aircraft to be out of place along with thousands of flight cancellations and displaced passengers.

Delta Air lines issued this updated report late on Christmas day:

A major winter storm that swept across the nation this week is finally pushing through, leaving behind frigid temperatures in many areas, and a deep blanket of snow in some places.

Light snow and the deicing of aircraft continues at Minneapolis-St Paul International Airport and Detroit Metropolitan Airport.

Employee name: Aaron Martinez (Aircraft Load Agent – MSP)

The bulk of the snow has passed most areas, however some airports are experiencing broken water lines due to the freezing temperatures.

Delta’s meteorologists are forecasting continued improved conditions through Monday as the operation recovers from the winter weather.

The decision to cancel flights is never one Delta takes lightly, especially during the holiday travel season. But the safety of our customers and our people is paramount. We strive to cancel flights well in advance of scheduled departure to allow our customers to adjust their plans before going to the airport.

Delta people are ready to assist customers in getting to their destinations as quickly as possible despite the challenges presented by weather.

Delta has issued weather advisories due to the forecasted path of winter weather. Those advisories enable customers to rebook their travel for a later date. Current advisories and up-to-date information can be found on Delta.com.

While there are challenges that come with running an airline through winter weather conditions, Delta people remain steadfast in our commitment to safety and getting customers where they need to be as quickly as possible as operations recover at impacted airports.

Here are three things for customers to keep in mind if their travel is affected:

  • Automatic Rebooking: If a flight is canceled, Delta will attempt to automatically rebook affected customers on the next available flight to get customers to where they’re going and minimize delays.
  • Itinerary Updates: Delta will send updates on itinerary changes directly to a mobile device or by email. To enable this communication, please provide contact information at the time of booking or add it online via My Trips.
  • Self Service: Customers are encouraged to download and use the Fly Delta app or visit delta.com to check their flight status and manage their rebooking with convenient self-service options.

Customers are encouraged to check their flight status on Delta.com or the Fly Delta Mobile App. Customers can also get updates sent directly to their mobile device or by email with One-Time Flight Notification.

Top Copyright Photo: Delta Air Lines Boeing 717-2BD N939AT (msn 55099) IAH (Jarrod Wilkening). Image: 959748.

Delta aircraft photo gallery (Boeing):

 

This pre-Christmas travel period will impact many flights in the United States

It is will be very challenging period for pre-Christmas travel in many parts of the United States. Many flights are likely to be cancelled and plans disrupted. An Arctic air mass with cold temperatures, strong winds, icing and snow will move down into the United States creating these areas of travel alerts. The National Weather Service has issued a blizzard warning for the Great Lakes area making travel very difficult in many areas.

Chicago’s two airports are likely to be very impacted. However many other airline hubs will also be inpacted.

Delta Air Lines has issued these warnings:

Pacific Northwest:

The forecasted path of the Pacific Northwest Winter Weather may impact travel to/from/through the destination(s) listed below. Check flight status frequently for up-to-the-minute information about your flight plans, or get updates sent directly to your mobile device or by email with One-Time Flight Notification.

Midwest and Central Plains:

The forecasted severe winter weather of Midwest and Central Plains may impact travel to/from/through the destination(s) listed below. Check flight status frequently for up-to-the-minute information about your flight plans, or get updates sent directly to your mobile device or by email with One-Time Flight Notification.

Atlantic and Northeast Region:

Meanwhile United Airlines issued this travel alert:

North America

Waiver: East Coast Winter Weather

Original ticket must have been purchased by:

December 18, 2022

Original travel dates

December 22, 2022 – December 25, 2022

Flight changes:

The change fee and any difference in fare will be waived for United flights departing on or before December 28, 2022, as long as travel is rescheduled in the originally ticketed cabin (any fare class) and between the same cities as originally ticketed. View your reservationand select Change Flight to search for alternate flights.

Rebooking window: December 19, 2022 – December 28, 2022

Airports

  • Akron/Canton, OH (CAK)
  • Albany, NY (ALB)
  • Allentown, PA (ABE)
  • Asheville Regional Airport, NC (AVL)
  • Baltimore, MD (BWI)
  • Bangor, ME (BGR)
  • Boston, MA (BOS)​
  • Buffalo, NY (BUF)
  • Burlington, VT (BTV)
  • Charleston, WV (CRW)
  • Charlotte, NC (CLT)
  • Charlottesville, VA (CHO)
  • Cincinnati, OH (CVG)
  • Cleveland, OH (CLE)
  • Columbus, OH (CMH)
  • Dayton, OH (DAY)
  • Detroit, MI (DTW)
  • Erie, PA (ERI)
  • Flint, MI (FNT)
  • Greensboro, NC (GSO)
  • Harrisburg, PA (MDT)
  • Hartford, CT (BDL)
  • Ithaca, NY (ITH)
  • Johnstown, PA (JST)
  • Knoxville, TN (TYS)
  • Lexington, KY (LEX)
  • Louisville, KY (SDF)
  • Manchester, NH (MHT)
  • Nashville, TN (BNA)
  • New York/Newark, NJ (EWR)
  • New York-Kennedy, NY (JFK)
  • New York-LaGuardia, NY (LGA)
  • Norfolk, VA (ORF)
  • Philadelphia, PA (PHL)
  • Portland, ME (PWM)
  • Providence, RI (PVD)
  • Raleigh, NC (RDU)
  • Richmond, VA (RIC)
  • Roanoke, VA (ROA)
  • Rochester, NY (ROC)
  • Saginaw, MI (MBS)
  • State College, PA (SCE)
  • Syracuse, NY (SYR)
  • Toronto, ON, CA (YYZ)
  • Washington, DC – Dulles (IAD)
  • Washington-National, DC (DCA)
  • White Plains, NY (HPN)
  • Wilkes Barre/Scranton, PA (AVP)
  • Wilmington, NC (ILM)

Waiver: Texas Winter Weather

Original ticket must have been purchased by:

December 18, 2022

Original travel dates

December 22, 2022 – December 25, 2022

Flight changes:

The change fee and any difference in fare will be waived for United flights departing on or before December 28, 2022, as long as travel is rescheduled in the originally ticketed cabin (any fare class) and between the same cities as originally ticketed. View your reservationand select Change Flight to search for alternate flights.

Rebooking window: December 19, 2022 – December 28, 2022

Airports

  • Amarillo, TX (AMA)
  • Austin, TX (AUS)
  • Brownsville, TX (BRO)
  • Corpus Christi, TX (CRP)
  • Dallas/Ft. Worth, TX (DFW)
  • El Paso, TX (ELP)
  • Harlingen, TX (HRL)
  • Houston, TX (IAH)
  • Laredo, TX (LRD)
  • Lubbock, TX (LBB)
  • McAllen, TX (MFE)
  • Midland, TX (MAF)
  • San Antonio, TX (SAT)
  • Victoria, TX (VCT)

Waiver: Central and Northwest US Winter Weather

Original ticket must have been purchased by:

December 18, 2022

Original travel dates

December 20, 2022 – December 23, 2022

Flight changes:

The change fee and any difference in fare will be waived for United flights departing on or before December 28, 2022, as long as travel is rescheduled in the originally ticketed cabin (any fare class) and between the same cities as originally ticketed. View your reservationand select Change Flight to search for alternate flights.

Rebooking window: December 18, 2022 – December 28, 2022

Airports

  • Aspen, CO (ASE)
  • Billings, MT (BIL)
  • Bismarck, ND (BIS)
  • Boise, ID (BOI)
  • Bozeman, MT (BZN)
  • Casper, WY (CPR)
  • Cheyenne, WY (CYS)
  • Cody, WY (COD)
  • Colorado Springs, CO (COS)
  • Denver, CO (DEN)
  • Devils Lake, ND (DVL)
  • Dickinson, ND (DIK)
  • Dodge City, KS (DDC)
  • Durango, CO (DRO)
  • Fargo, ND (FAR)
  • Ft. Collins, CO (FNL)
  • Gillette, WY (GCC)
  • Grand Junction, CO (GJT)
  • Great Falls, MT (GTF)
  • Gunnison, CO (GUC)
  • Hayden, CO (HDN)
  • Hays, KS (HYS)
  • Helena, MT (HLN)
  • Idaho Falls, ID (IDA)
  • Jackson, WY (JAC)
  • Jamestown, ND (JMS)
  • Kalispell, MT (FCA)
  • Laramie, WY (LAR)
  • Lewiston, ID (LWS)
  • Liberal, KS (LBL)
  • Minot, ND (MOT)
  • Missoula, MT (MSO)
  • Moab, UT (CNY)
  • Montrose/Telluride, CO (MTJ)
  • North Platte, NE (LBF)
  • Pasco, WA (PSC)
  • Pueblo, CO (PUB)
  • Rapid City, SD (RAP)
  • Riverton, WY (RIW)
  • Rock Springs, WY (RKS)
  • Salina, KS (SLN)​
  • Salt Lake City, UT (SLC)
  • Scottsbluff, NE (BFF)
  • Seattle, WA (SEA)
  • Sheridan, WY (SHR)
  • Spokane, WA (GEG)
  • Sun Valley, ID (SUN)
  • Vail/Eagle, CO (EGE)
  • Vernal, UT (VEL)
  • Wichita, KS (ICT)
  • Williston, ND (XWA)

Waiver: Midwest Winter Weather

Original ticket must have been purchased by:

December 17, 2022

Original travel dates

December 21, 2022 – December 25, 2022

Flight changes:

The change fee and any difference in fare will be waived for United flights departing on or before December 30, 2022, as long as travel is rescheduled in the originally ticketed cabin (any fare class) and between the same cities as originally ticketed. View your reservationand select Change Flight to search for alternate flights.

Rebooking window: December 18, 2022 – December 30, 2022

Airports

  • Appleton, WI (ATW)
  • Cedar Rapids, IA (CID)
  • Chicago-O’Hare, IL (ORD)​
  • Decatur, IL (DEC)
  • Des Moines, IA (DSM)
  • Duluth, MN (DLH)
  • Eau Claire, WI (EAU)
  • Fort Dodge, IA (FOD)
  • Fort Wayne, IN (FWA)
  • Grand Rapids, MI (GRR)
  • Green Bay, WI (GRB)
  • Hancock, MI (CMX)
  • Indianapolis, IN (IND)
  • Kansas City, MO (MCI)
  • Lincoln, NE (LNK)
  • Madison, WI (MSN)
  • Mason City, IA (MCW)
  • Milwaukee, WI (MKE)
  • Minneapolis/St. Paul, MN (MSP)
  • Moline, IL (MLI)
  • Omaha, NE (OMA)
  • Peoria, IL (PIA)
  • Sioux City, IA (SUX)
  • Sioux Falls, SD (FSD)
  • South Bend, IN (SBN)
  • Springfield, IL (SPI)
  • St. Louis, MO (STL)
  • Traverse City, MI (TVC)

Delta introduces 2023 guidance for $5 to $6 in adjusted earnings per share

Delta Air Lines will highlight the company’s financial outlook and strategic priorities to the investment community today in New York. The event will be webcast, with presentations by Chief Executive Officer Ed Bastian, President Glen Hauenstein and Chief Financial Officer Dan Janki.

“2022 is proving to be a pivotal year as we rebuild the world’s best-performing airline. Thanks to the exceptional work of our people, we navigated challenges while continuing to strengthen our competitive advantages, enhancing the power of our trusted consumer brand,” Bastian said. “Demand for air travel remains robust as we exit the year and Delta’s momentum is building. Our 2023 outlook for 15 to 20 percent revenue growth over 2022 and margin expansion support a near doubling of EPS to $5 to $6 per share, keeping us on track for our 2024 earnings target of over $7 per share.”

The update comes as Delta closes out the final weeks of 2022, a year of significant progress in the restoration of the airline’s financial foundation. Delta is delivering on key operational and commercial milestones and is ahead of its financial plan for the first year of the airline’s three-year plan, established last December. Full year 2022 GAAP EPS is expected to be $2.12 to $2.17. Adjusted EPS of $3.07 to $3.12 reflects an increased outlook for the December quarter compared to prior guidance provided in October.

In 2023, Delta expects to deliver strong topline growth and significant operating leverage on a full restoration of its network and continued improvements in premium and loyalty revenue. Non-fuel unit costs are expected to decline 5 to 7 percent, driving margin expansion and a near doubling of adjusted EPS to $5 to $6. The company expects to generate more than $2 billion of free cash flow, enabling further debt reduction. The company is reiterating 2024 targets, including earning over $7 per share and strengthening the balance sheet to return to investment grade metrics.

Three Year Financial Outlook1

2022

2023

2024

Total Revenue

$45.5 – $45.6B

+15 – 20% YoY

GDP+ YoY

Operating Margin

7.7 %

10 – 12%

13 – 15%

Earnings Per Share

$3.07 – $3.12

$5 – $6

>$7

Free Cash Flow

Positive

>$2B

>$4B

Leverage2

5x

3 – 3.5x

2 – 3x

1 Non-GAAP measures; Refer to Non-GAAP reconciliations 

2 Adjusted Debt / EBITDAR 

December Quarter 2022 Financial Outlook1

Amid continued strong demand, Delta is raising its December quarter adjusted EPS guidance.

4Q22 Forecast

Updated

Prior

Total Revenue2

Up 7 – 8%

Up 5 – 9%

Operating Margin

11 %

9 – 11%

Earnings Per Share

$1.35 – $1.40

$1.00 – $1.25

1 Non-GAAP measures; Refer to Non-GAAP reconciliations

2 Compared to December quarter 2019

Top Copyright Photo: Delta Air Lines Airbus A350-941 N516DN (msn 530) LAX (Michael B. Ing). Image: 959653.

Delta aircraft photo gallery (Airbus):