Delta Air Lines reports net income of USD 1.3bn in December quarter 2018

Delta Air Lines and the Delta Connection carriers have reported net income of USD 1.0bn in the December quarter 2018, the company said.

December quarter´s 2018 GAAP pre-tax income was USD 1.3 billion and earnings per diluted share of USD 1.49. December quarter´s 2018 adjusted pre-tax income of USD 1.2 billion, adjusted net income of USD 890 million and adjusted earnings per diluted share of USD 1.30.

Delta reported full year 2018 GAAP pre-tax income of USD 5.2 billion and earnings per diluted share of USD 5.67, resulting in USD 1.3 billion profit sharing for Delta people.

Full year 2018 GAAP operating cash flow was USD 7.0 billion used to invest in Delta´s business, strengthen its investment grade balance sheet, and fund USD 2.5 billion of dividends and share repurchases.

Delta´s adjusted operating revenue of USD 10.7 billion for the December quarter improved 7.5%, or USD 747 million versus the prior year. For the full year, adjusted operating revenue grew to nearly USD 44 billion, up 8% versus prior year on an increasingly diverse revenue base, with 52% of revenues from premium products and non-ticket sources.

Delta Air Lines (NYSE: DAL) serves nearly 200 million people every year, taking customers across its industry-leading global network to more than 300 destinations in over 50 countries. Headquartered in Atlanta, Delta offers more than 5,000 daily departures and as many as 15,000 affiliated departures including the premier SkyTeam alliance, of which Delta is a founding member.