Delta Air Lines’ financial performance resulted in a 37 million US dollars profit in the three months ended 31st March 2024. This is good news for the company and shows that it is improving, having performed well at year-end in 2023, with an improvement from the previous year. Three of the four quarters of the last year were profit-making, with the only loss it made being the first one. Now, for this year, this has improved further with a profit-making first quarter, which bodes well for the year-end in 2024.
In terms of Delta Air Lines’ financial performance in this quarter compared to the same time in 2023, the improvement was very significant, with the company having made a multi-million dollar loss in the first quarter of 2023 of 363 million US dollars.
Delta Air Lines’ revenue in the three months ended 31st March 2024 was 13.748 billion US dollars. This is 8% higher than the 12.759 billion US dollars made in the three months ended 31st March 2023. The fact that Delta’s revenue has increased indicates that it is becoming more popular with customers. In addition, the improvement in Delta Air Lines’ profitability has been more significant, indicating that cost control has also improved in the company.
Delta Air Lines’ Awards For Performance
Responding to the Air Lines’ financial performance, the company says it has delivered a strong performance with record revenues and described its operational performance (service delivery performance) as outstanding. The company also maintained that it has been the most reliable among its competitors.
Delta Air Lines has received several awards from industry experts for good operational performance, including being the top airline by the Wall Street Journal, ranking number one for on-time arrivals. In addition, Delta Air Lines has also been named the Airline of the Year for 2024 by aviation publication Air Transport World for outstanding operational performance, commitment to customer safety and premium customer service.
Delta’s Employees
Delta Airlines’ employees have also been credited for the improvement in Delta Airlines’ financial performance. The company’s Chief Executive Officer Ed Bastian has described their work as extraordinary. He has also recognised their efforts by giving them 1.4 billion US dollars in profit-sharing payouts.
The airline’s treatment of its employees has also been recognised externally. Delta Air Lines has been named on Fortune’s list as one of the 100 Best Companies to Work For. In addition, it is ranked number five on the Forbes list of America’s Best Large Employers out of 600 companies based on surveys of more than 170,000 employees based in the US. So, Delta Air Lines’ financial performance, awards for operational performance, and treatment of its employees gives it an even more positive first quarter.
What do you think of Delta Air Lines’ financial performance for this quarter? Let’s hear your thoughts in the comments.
