Delta Air Lines Past Earnings Performance

Past criteria checks 5/6

Delta Air Lines has been growing earnings at an average annual rate of 14.5%, while the Airlines industry saw earnings growing at 4.2% annually. Revenues have been growing at an average rate of 9.7% per year. Delta Air Lines's return on equity is 44.9%, and it has net margins of 8.5%.

Key information

14.5%

Earnings growth rate

15.4%

EPS growth rate

Airlines Industry Growth	9.9%
Revenue growth rate	9.7%
Return on equity	44.9%
Net Margin	8.5%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Delta Air Lines makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BVL:DAL Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	59,037	5,009	2,384
31 Dec 23	58,048	4,609	2,334
30 Sep 23	57,260	3,401	2,276
30 Jun 23	55,746	2,987	2,205
31 Mar 23	53,993	1,895	2,079
31 Dec 22	50,582	1,318	1,891
30 Sep 22	46,617	81	1,698
30 Jun 22	41,796	600	1,459
31 Mar 22	35,097	517	1,155
31 Dec 21	29,899	280	953
30 Sep 21	24,402	-67	735
30 Jun 21	18,311	-6,659	527
31 Mar 21	12,653	-13,028	355
31 Dec 20	17,095	-12,385	643
30 Sep 20	24,561	-10,532	1,036
30 Jun 20	34,059	-3,657	1,476
31 Mar 20	45,127	3,503	1,964
31 Dec 19	47,007	4,767	2,211
30 Sep 19	46,310	4,688	1,973
30 Jun 19	45,703	4,514	1,968
31 Mar 19	44,942	4,108	1,941
31 Dec 18	44,438	3,935	1,941
30 Sep 18	43,924	3,214	1,929
30 Jun 18	43,033	3,052	1,893
31 Mar 18	42,005	3,201	1,838
31 Dec 17	41,138	3,205	1,827
30 Sep 17	40,368	3,529	1,790
30 Jun 17	39,789	3,628	1,757
31 Mar 17	39,489	3,988	1,738
31 Dec 16	39,450	4,195	1,751
30 Sep 16	39,683	4,731	1,693
30 Jun 16	40,307	4,787	1,690
31 Mar 16	40,567	4,726	1,674
31 Dec 15	40,704	4,526	1,672
30 Sep 15	40,849	2,834	1,681
30 Jun 15	40,920	1,876	1,694
31 Mar 15	40,834	1,192	1,713
31 Dec 14	40,362	659	1,700
30 Sep 14	39,791	9,850	1,680
30 Jun 14	39,103	10,862	1,651
31 Mar 14	38,189	10,746	1,619
31 Dec 13	37,773	10,540	1,603
30 Sep 13	37,299	2,067	1,589
30 Jun 13	36,732	1,745	1,582

Quality Earnings: DAL has high quality earnings.

Growing Profit Margin: DAL's current net profit margins (8.5%) are higher than last year (3.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: DAL's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: DAL's earnings growth over the past year (164.3%) exceeds its 5-year average (14.5% per year).

Earnings vs Industry: DAL earnings growth over the past year (164.3%) exceeded the Airlines industry 105.9%.

Return on Equity

High ROE: Whilst DAL's Return on Equity (44.92%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Delta Air Lines Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$0.058 (vs US$0.57 loss in 1Q 2023)

Full year 2023 earnings released: EPS: US$7.21 (vs US$2.07 in FY 2022)

Full year 2023 earnings released: EPS: US$7.21 (vs US$2.07 in FY 2022)

Third quarter 2023 earnings released: EPS: US$1.73 (vs US$1.09 in 3Q 2022)

Second quarter 2023 earnings released: EPS: US$2.86 (vs US$1.15 in 2Q 2022)

First quarter 2023 earnings released: US$0.57 loss per share (vs US$1.48 loss in 1Q 2022)

Recent updates

President recently sold US$4.9m worth of stock

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: US$0.058 (vs US$0.57 loss in 1Q 2023)

Delta Air Lines, Inc. Provides Earnings Guidance for the Second Quarter and Full Fiscal Year 2024

New major risk - Share price stability

Upcoming dividend of US$0.10 per share

Full year 2023 earnings released: EPS: US$7.21 (vs US$2.07 in FY 2022)

Delta Air Lines Declares Quarterly Dividend, Payable on March 18, 2024

Investor sentiment deteriorates as stock falls 16%

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$7.21 (vs US$2.07 in FY 2022)

Delta Air Lines, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024

Delta Air Lines, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Third quarter 2023 earnings released: EPS: US$1.73 (vs US$1.09 in 3Q 2022)

Delta Air Lines Declares Quarterly Dividend, Payable on November 2, 2023

Delta Air Lines, Inc. Revises Revenue Guidance for the Third Quarter 2023 and Reiterates Earnings Guidance for the Full Year 2023

New minor risk - Insider selling

New minor risk - Share price stability

Delta Air Lines, Inc. Announces Earnings Guidance for Third Quarter and Full Year 2023

Second quarter 2023 earnings released: EPS: US$2.86 (vs US$1.15 in 2Q 2022)

Delta Air Lines, Inc. Appoints Matteo Curcio as Senior Vice President- Europe, Middle East, Africa and India

Delta Air Lines Declares Quarterly Dividend, Payable on August 7, 2023

Insider recently sold US$277k worth of stock

Delta Air Lines, Inc. Announces Appointment of Mike Spanos as Chief Operating Officer, Effective June 12, 2023

President recently sold US$173k worth of stock

First quarter 2023 earnings released: US$0.57 loss per share (vs US$1.48 loss in 1Q 2022)

President recently sold US$189k worth of stock

Senior VP recently sold US$219k worth of stock

Senior VP recently sold US$593k worth of stock

Delta Air Lines, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2023

Delta Air Lines, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2023

Full year 2022 earnings released: EPS: US$2.07 (vs US$0.44 in FY 2021)

Delta Air Lines, Inc. Provides Earnings Guidance for the Year 2022, 2023, 2024

Delta Air Lines, Inc. Appoints Peter Carter to E.V.P, External Affairs

Insider recently sold US$68k worth of stock

Delta Air Lines, Inc. Provides Revenue Guidance for December Quarter of 2022

Third quarter 2022 earnings released: EPS: US$1.09 (vs US$1.90 in 3Q 2021)

Aeromexico-Delta to Connect Monterrey and Los Angeles

CEO & Director recently sold US$1.5m worth of stock

Certares-Led Reportedly Bid for Exclusive ITA Airways Talks

Independent Director recently bought US$293k worth of stock

Second quarter 2022 earnings released

Delta Air Lines, Inc. Provides Revenue Guidance for the Third Quarter of Fiscal Year 2022

American Express(R) and Delta Air Lines(R) Debut First-Ever Limited-Edition Boeing 747 Credit Card Design

Insider recently sold US$532k worth of stock

CEO & Director recently sold US$1.1m worth of stock

President recently sold US$436k worth of stock

Delta Air Lines, Inc., Annual General Meeting, Jun 16, 2022

Insider recently bought US$484k worth of stock

Delta Air Lines, Inc. Board Changes

Delta Air Lines, Inc. Executive Changes

Investor sentiment improved over the past week

Insider recently sold US$256k worth of stock

First quarter 2022 earnings released: US$1.48 loss per share (vs US$1.85 loss in 1Q 2021)

Delta Air Lines, Inc. Provides Earnings Guidance for Second Quarter 2022

Insider recently sold US$527k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Principal Accounting Officer recently sold US$143k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Delta Air Lines Has No Plans to Invest in ITA Airways

Independent Director recently bought US$216k worth of stock

Third quarter 2021 earnings released: EPS US$1.90 (vs US$8.47 loss in 3Q 2020)

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

Revenue & Expenses Breakdown
Beta