Delta Airlines: back to black in Q2
(CercleFinance.com) - Delta Airlines has reported Q2 2022 adjusted net income of 1.
44 dollar per share, compared with an adjusted loss of 1.23 dollar per share in Q1 2022, with an adjusted operating profit of 1.4 billion dollars.
This represented an operating margin of 11.7%, its first double-digit level since 2019, on adjusted operating revenues of 12.3 billion dollars, almost spot on (99%) their level of three years earlier, with capacity restored to 82%.
Anticipating "meaningful profitability" for the full year, the Atlanta-based airline said it was on track to achieve its 2024 targets of adjusted EPS of over 7 dollars and free cash flow of more than four billion dollars.
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