Delta Air Lines Reports Profitable Second Quarter Earnings Results for FY2023

☀️Earnings Overview

For the second quarter of FY2023 (ending June 30 2023), DELTA AIR LINES ($NYSE:DAL) posted total revenue of USD 15578.0 million – a year-over-year increase of 12.7% – as well as a net income of USD 1827.0 million, a year-over-year rise of 148.6%. This was announced on July 13 2023.

Stock Price

At the start of the day, DELTA AIR LINES stock opened at $49.8 but closed at $47.7, down by 0.5% from its previous closing price of $48.0. The improved results were mainly attributed to increased operational efficiency and an increase in customer demand for their air travel services. The company also plans to invest more heavily in digital transformation and customer experience initiatives, which are expected to help them remain competitive in a highly saturated market.

Overall, it was a strong quarter for Delta Air Lines and investors should be encouraged by the results. With their renewed commitment to shareholder value, increased operational efficiency, and focus on customer experience, Delta is poised to continue to deliver strong returns and build on their recent successes. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for DAL. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for DAL. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for DAL. More…

Key Ratios Snapshot

Some of the financial key ratios for DAL are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of DELTA AIR LINES’s wellbeing. The results showed that this company is considered a medium risk investment in terms of financial and business aspects, according to our Risk Rating algorithm. Upon closer inspection, our algorithm detected one risk warning in the income sheet. If you’re interested in learning more about this, make sure to register on goodwhale.com! More…

Peers

Delta Air Lines Inc. is an American airline that operates over 5,400 flights daily and serves 325 destinations in 52 countries on six continents. As of 2018, Delta ranked as the world’s second-largest airline in terms of passengers carried and operated the largest fleet of Boeing and McDonnell Douglas aircraft. Its headquarters are in Atlanta, Georgia. Southwest Airlines Co. is an American airline headquartered in Dallas, Texas that operates more than 4,000 flights daily. The airline was established in 1967 by Herb Kelleher as Air Southwest Co. and adopted its current name in 1971. The airline has a long history of profitability and has been referred to as “the darling of Wall Street”. American Airlines Group Inc. is a major American airline headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex. It is the world’s largest airline when measured by fleet size, scheduled passengers carried, and revenue passenger mile. American, together with its regional partners, operates an extensive international and domestic network with an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. SAS AB is the holding company for the Scandinavian Airlines System, more commonly known as SAS. It is a leading airline group in Scandinavia with its main hub at Copenhagen Airport, Denmark. The group also has a significant presence at Stockholm Arlanda Airport and Oslo Airport, Norway.

– Southwest Airlines Co ($NYSE:LUV)

Southwest Airlines Co is a domestic airline company in the United States. It has a market cap of 19.65B as of 2022 and a ROE of 10.01%. The company provides air transportation services in the United States and around the world. It has a fleet of over 700 aircraft and operates more than 3,800 flights a day.

– American Airlines Group Inc ($NASDAQ:AAL)

American Airlines Group Inc has a market cap of 9.09B as of 2022, a Return on Equity of 5.3%. American Airlines Group Inc is an airline company that operates through its subsidiaries. The company was founded in 1934 and is headquartered in Fort Worth, Texas. American Airlines Group Inc operates in two segments: Airline and Cargo. The Airline segment includes passenger and cargo operations. The Cargo segment includes cargo operations. American Airlines Group Inc offers a variety of services, including scheduled passenger and cargo transportation, vacation packages, and other ancillary services.

– SAS AB ($LTS:0O1W)

SAS AB is a Swedish-based software company that provides analytics software. The company has a market cap of 3.89B as of 2022 and a ROE of -199.67%. SAS AB’s software is used by companies to make decisions about marketing, pricing, and other strategic decisions.

Summary

Investing in Delta Air Lines has proven to be a sound decision for shareholders, as the company has seen impressive revenue and income growth. The strong second quarter results demonstrate the airline’s continued success in capitalizing on robust demand for air travel and its ability to effectively manage operations and costs. Going forward, Delta is well-positioned to capitalize on market opportunities and continue delivering value for shareholders.