Is Delta profitable?
Is Delta profitable? Delta brought in adjusted revenue of nearly $14.6 billion for the period, up 13% year over year and in line with analysts' expectations. Net income for the period was $1.11 billion, or $1.72 per share, up 59% from $695 million, or $1.08 per share, during the same period a year earlier.
What country owns Delta?
Incorporated in 1967, Delta Air Lines is a major American airline group headquartered in Atlanta, Georgia. The group, previously known as Delaware Air Lines Inc, wholly owns a number of US regional airlines including Delta Private Jets and Endeavor Air.
How does Delta make its money?
The company is well known for providing air transportation services for passengers and cargo through its main fleet and various subsidiaries. Delta also offers ancillary air services and a customer loyalty program.
Is Delta being sued?
Delta Air Lines, Inc., No. 1:20-cv-01664-ELR. What is this lawsuit about? The lawsuit alleges that Delta breached its contracts of carriage with ticketholders by refusing requests for refunds and instead providing credits for future travel on the airline for flights Delta cancelled in the wake of the COVID-19 pandemic.
How is Delta doing financially?
Revenue Environment and Outlook We delivered record revenue in the June quarter, with total revenues 19 percent higher than the June quarter of 2022. These results reflect the strength of the demand environment, the hard work of our people and the momentum of Delta's brand, said Glen Hauenstein, Delta's president.
Is Delta the most profitable airline?
By company revenue Delta Air Lines is the largest by revenue, assets value and market capitalization.