Delta Air Lines, Inc. presented at the J.P. Morgan Industrials Conference on March 12, 2024, where the company reaffirmed its financial outlook for the full year and March quarter of 2024, which was initially provided on January 12, 2024. Delta expects to achieve year-over-year total revenue growth in the top half of its initial guidance range for the March quarter. The airline anticipates earnings per share (EPS) to be between $6 and $7 for the full year 2024, with free cash flow projected to be between $3 billion and $4 billion. The adjusted debt to EBITDAR ratio is forecasted to be between 2x and 3x. For the first quarter of 2024, Delta projects a 3% to 6% increase in total revenue year-over-year, an operating margin of approximately 5%, and EPS ranging...Show More

Delta Air Lines, Inc. presented at the J.P. Morgan Industrials Conference on March 12, 2024, where the company reaffirmed its financial outlook for the full year and March quarter of 2024, which was initially provided on January 12, 2024. Delta expects to achieve year-over-year total revenue growth in the top half of its initial guidance range for the March quarter. The airline anticipates earnings per share (EPS) to be between $6 and $7 for the full year 2024, with free cash flow projected to be between $3 billion and $4 billion. The adjusted debt to EBITDAR ratio is forecasted to be between 2x and 3x. For the first quarter of 2024, Delta projects a 3% to 6% increase in total revenue year-over-year, an operating margin of approximately 5%, and EPS ranging from $0.25 to $0.50. The company also provided adjusted financial measures, excluding third-party refinery sales and mark-to-market adjustments on investments, to offer a clearer picture of its core operational performance. Delta's adjusted total revenue for the March quarter is estimated to be between $12.2 billion and $12.55 billion, with an adjusted operating margin of about 5%. The forward-looking statements in the report are subject to various risks and uncertainties that could cause actual results to differ materially from the projections.