Delta Air Lines Inc (0QZ4.L) Q2 2024 Earnings Report

Next: Q3 2024

Delta Air Lines Inc

0QZ4.L

$67.25 0.55%

Exchange: LSE | Sector: Industrials | Industry: General Transportation

Q2 2024

Published: Jul 11, 2024

Earnings Highlights

Revenue of $16.66B up 6.9% year-over-year
EPS of $2.01 decreased by 28.7% from previous year
Gross margin of 30.7%
Net income of 1.31B
""Our domestic travel segment is witnessing historic demand levels, and international travel continues to open up, contributing significantly to our revenue growth."" - CEO

0QZ4.L

Delta Air Lines Inc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Delta Air Lines Inc reported strong financial performance in Q2 2024, achieving revenues of $16.66 billion, representing a year-over-year growth of 6.93% and a sequential increase of 21.17% from Q1. Despite these positive trends, the company faced significant operational challenges, highlighted by a substantial decline in net income by 28.57% year-over-year to $1.31 billion, attributed primarily to rising operational costs and increased interest expenses. The management's focus remains on enhancing operational efficiency and navigating external factors impacting the aviation sector, aiming for a turnaround in profitability metrics in the coming quarters.

Key Performance Indicators

Revenue

Increasing

16.66B

QoQ: 21.17% | YoY: 6.93%

Gross Profit

Increasing

5.12B

30.73% margin

QoQ: 79.74% | YoY: 9.73%

Operating Income

Decreasing

2.27B

QoQ: 269.22% | YoY: -8.99%

Net Income

Decreasing

1.31B

QoQ: 3 427.03% | YoY: -28.57%

EPS

Decreasing

2.04

QoQ: 3 429.41% | YoY: -28.67%

Revenue Trend

Margin Analysis

Financial Highlights

Key Financial Metrics
- Revenue: $16.66 billion (YoY: +6.93%, QoQ: +21.17%)
- Net Income: $1.31 billion (YoY: -28.57%, QoQ: +3,427.03%)
- Operating Income: $2.27 billion (YoY: -8.99%, QoQ: +269.22%)
- Earnings Per Share (EPS): $2.04 (YoY: -28.67%, QoQ: +3,429.41%)
The significant increase in revenue over the previous quarter aligns with a robust recovery in air travel demand, although profitability metrics have been adversely affected by high costs associated with operational disruptions and inflationary pressures.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	16.66B	6.93%	21.17%
Gross Profit	5.12B	9.73%	79.74%
Operating Income	2.27B	-8.99%	269.22%
Net Income	1.31B	-28.57%	3 427.03%
EPS	2.04	-28.67%	3 429.41%

Key Financial Ratios

Gross Profit Margin

Fair

24.80%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

13.30%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

7.83%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.74%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

10.50%

Return on equity is acceptable but below top-tier companies

Current Ratio

Concern

0.40

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

2.01

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

5.84x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

2.46x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	16,648.00	3.26	-0.1%	View
Q1 2025	14,040.00	0.37	+2.1%	View
Q4 2024	15,559.00	1.29	+9.4%	View
Q3 2024	15,677.00	1.97	+1.2%	View
Q2 2024	16,658.00	2.01	+6.9%	View

Delta Air Lines Inc (0QZ4.L) Q2 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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