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Delta Air Lines Announces December Quarter and Full Year 2023 Financial Results PR Newswire ATLANTA, Jan. 12, 2024 Delivered industry-leading operational performance and financial results in December quarter Generated record full year revenue and over $5 billion of pre-tax income, a near doubling over 2022 Guiding to 2024 free cash flow of $3 to $4 billion, an improvement of up to $2 billion over 2023 Expect record March quarter revenue on improving domestic environment and continued strength in international demand, with solid profitability ATLANTA, Jan. 12, 2024 /PRNewswire/ — Delta Air Lines (NYSE: DAL) today reported financial results for the December quarter and full year 2023 and provided its outlook for the March quarter and full year 2024. Highlights of the December quarter and full year 2023, including both GAAP and adjusted metrics, are on page six and incorporated here. “2023 was a great year for Delta with industry-leading operational

Delta 2024 EPS Outlook $6-$7, Expects Free Cash Flow of $3 Billion-$4 Billion.

Delta Air Lines (DAL) reported Q4 adjusted earnings Friday of $1.28 per diluted share, down from $1.48 a year earlier. Analysts polled by Capital IQ expected $1.16. Revenue for the quarter ended Dec. 31 was $14.22 billion compared with $13.43 billion a year earlier. Analysts surveyed by Capital IQ estimated $13.8 billion. For Q1, the company estimated $0.25 to $0.50 in adjusted EPS and 3% to 6% in revenue growth. Analysts polled by Capital IQ expect $0.38 in adjusted EPS on revenue of $12.44 billion. For the full year, Delta Air Lines said it expects $6 to $7 in adjusted EPS. Analysts surveyed by Capital IQ estimate $6.50.

Delta Airlines Inc. (DAL) reported a top- and bottom-line beat with its fourth-quarter results Friday, although the company’s stock was falling 5.1% in premarket trades after Delta delivered lowered earnings guidance. Net income was $2.04 billion, or $3.16 a share, compared with $828 million, or $1.29 a share, in the prior year’s quarter. Adjusted earnings per share, which excludes nonrecurring items, came in at $1.28, compared with $1.48 in the same period last year, and beat the FactSet consensus of $1.16. Revenue was $14.2 billion, a 6% increase from the prior year’s quarter. Adjusted revenue was $13.7 billion, an 11% increase on the same period last year, beating expectations. Analysts surveyed by FactSet were looking for revenue of $13.5 billion. For 2024, Delta expects earnings of $6 to $7 a share, below the target of over $7 a share the company outlined at an investor day in December 2022. -James

Delta Air Lines is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Delta reported a top- and bottom-line beat with its fourth-quarter results. Income was $2.04 billion, or $3.16 a share, compared with $828 million, or $1.29 a share, in the prior year’s quarter. Adjusted earnings per share, which excludes nonrecurring items, came in at $1.28, compared with $1.48 in the same period last year, and beat the FactSet consensus of $1.16. Revenue was $14.2 billion, a 6% increase from the prior year’s quarter. Analysts surveyed by FactSet were looking for revenue of $13.5 billion. Dow Jones & Co. owns Factiva.