Delta Air Lines posts March 2018 quarter profit

Latest Live Updates and News from the Farnborough Airshow  July 16th to July 22nd, 2018

Delta Air Lines has reported financial results for the March quarter 2018. Adjusted pre-tax income for the March 2018 quarter was US$676m, a US$104m decrease from the March 2017 quarter, as record revenues were offset by higher fuel prices and other increased costs including a US$44m impact from severe winter weather.

Delta’s adjusted operating revenue of US$9.8bn for the March quarter improved 8%, or US$715m versus the prior year. This revenue result marks a March quarter record for the company, and was driven by improvements across Delta’s business, including a 23% increase in cargo revenue and a US$78m increase in total loyalty revenue.

Delta generated US$1.3bn of operating cash flow, as the seasonal build of cash was partially offset by the US$1.1bn profit sharing payment to employees and a US$500m voluntary pension contribution in the March quarter, completing funding for the full year. Delta generated US$173m of free cash flow during the quarter, after the investment of US$1.2bn into the business primarily for aircraft purchases and improvements.

Email Post to a Friend Email Post to a Friend

Leave a Reply