Delta Air Lines Inc. Reports Strong Q4 Growth

In an impressive financial update, Delta Air Lines Inc. revealed a 9% increase in its total operating revenue for the fourth quarter of fiscal year 2024, reaching a staggering $15.6 billion. This growth highlights the airline's robust performance amidst challenging industry conditions.

The airline also saw a significant 30% rise in operating income, totaling $1.7 billion, compared to the same period in 2023. Despite these gains, Delta's net income experienced a 59% decrease, settling at $843 million, with diluted earnings per share (EPS) also falling by 59% to $1.29 per share.

Leadership and Future Outlook

"2024 was a landmark year for Delta, showcasing our industry differentiation and enhanced durability. Our team's exceptional efforts have led to outstanding operational and financial achievements. In recognition of their hard work, we are thrilled to distribute $1.4 billion in profit sharing next month," stated CEO Ed Bastian.

Reflecting investor confidence, Delta's shares surged by 3.44% in premarket trading following the announcement.