Thu, Jul 11, 8:40 PM (58 days ago)
Delta Air Lines' Q2 2024 10-Q report reveals a mixed performance. Operating income decreased to $2.3 billion, down $224 million from Q2 2023, despite a 7% increase in total revenue to $16.7 billion, driven by an 8% capacity increase. Passenger revenue rose 5%, but yield decreased. Adjusted total revenue grew 5.4%. Operating expenses increased 10% to $14.4 billion, due to higher employee wages, fuel costs, and capacity-related expenses. Adjusted operating expenses rose 8%. Non-fuel unit costs (CASM-Ex) increased 0.6%. Cash flow was strong, with $4.9 billion generated from operations, and liquidity stood at $7.2 billion. Delta paid down $2.1 billion in debt and resumed dividends. Future outlook remains cautious due to fuel price volatility and market conditions.