Pace CrowdStrike, Delta reports strong Q3 earnings
Delta Air Lines reported strong financial results for Q3 2024, with $15.7 billion in revenue and a pre-tax income of $1.6 billion, achieving a 10% pre-tax margin. The airline generated $1.3 billion in operating cash flow, while reducing debt to $17.7 billion. CEO Ed Bastian credited Delta’s workforce for its success and highlighted nearly $3 billion in free cash flow generated year-to-date. Delta forecasts a profitable Q4, projecting $1.4 billion in pre-tax profit—30% higher than last year—and a record revenue with an 11%-13% operating margin. Fitch also upgraded Delta's credit rating to investment grade.
In other Delta news, its TechOps will begin using drones to inspect airplanes.
More posts like this
Lockheed faces $700M delay in F-35 revenue as tech updates drag on
Lockheed faces $700M delay in F-35 revenue as tech updates drag on
October 24, 2024
Pace CrowdStrike, Delta reports strong Q3 earnings
Pace CrowdStrike, Delta reports strong Q3 earnings
October 15, 2024
U.S. airlines largely on-time in September 2024
U.S. airlines largely on-time in September 2024
October 14, 2024
Boeing plans to cut 10% of workforce, further delay 777X, amid ongoing strike
Boeing plans to cut 10% of workforce, further delay 777X, amid ongoing strike
October 11, 2024
United goes big for summer 2024 and MSP gets a new international destination
United goes big for summer 2024 and MSP gets a new international destination
October 11, 2024
Marriott to launch City Express in US
Marriott to launch City Express in US
October 8, 2024
X for gender on US passport means no entry to UAE or Saudi Arabia
X for gender on US passport means no entry to UAE or Saudi Arabia
October 3, 2024
Air Force next-gen fighter jet and tanker still to come
Air Force next-gen fighter jet and tanker still to come
September 30, 2024
CBP preclearance volumes low at AUH; move possible
CBP preclearance volumes low at AUH; move possible
September 30, 2024
Boston-Washington IAD flights dwindle as United hesitates on hub strategy
Boston-Washington IAD flights dwindle as United hesitates on hub strategy
September 27, 2024