Summary Delta Air Lines exceeded expectations with record revenue and a $37 million profit in Q1 2024, improving from a loss in 2023.
The airline focused on operational excellence and efficiency gains, delivering industry-best on-time performance and completion rate.
Corporate sales increased by 14% with strong demand expected to continue in Q2 2024, reflecting recovery in corporate travel.
Delta Air Lines has announced its financial results for Q1 2024, delivering record revenues and an exceptional operational performance. The airline is also seeing corporate demand bounce back following its slump over the pandemic.
Delta reports strong quarter
The legacy carrier exceeded analysts’ expectations with an operating revenue of $12.6 billion for the first quarter of 2024 – a 6% year-on-year increase – and a tidy $37 million profit (or $0.45 per share), representing a major improvement on the $363 million loss in Q1 2023. Continuing its streak of operational excellence and customer service, the airline delivered the best on-time performance (OTP) and completion rate in the industry.
Delta chief executive officer Ed Bastian commented,
Delta Air Lines Marks 14% Corporate Travel Growth Amid Strong Q1 Results
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