- Delta Air Lines, Inc. DAL reported a second-quarter operating revenue decline of 43% year-over-year (compared to Q2 2019) to $7.13 billion versus $6.2 billion consensus, and adjusted loss per share of $(1.07) beat $(1.40) consensus.
- Adjusted revenue was $6.35 billion, compared to $12.45 billion in 2Q19.
- Total passenger revenue was $5.34 billion, a decline of 53% Y/Y, reporting the highest drop from Pacific passengers of 87% Y/Y.
- Q2 Traffic was down 47%; Q2 Load Factor was 69%.
- Q2 operating income was $816 million, a decrease of 61.6% Y/Y, and margin fell by 552 bps to 11.5%.
- The company generated $1.87 billion of operating cash flow, $1.50 billion of free cash flow, and $195 million of adjusted free cash flow in Q2.
- Cost per available seat mile, adjusted was up 0.5% compared to Q2 2019. CASM-Ex was 9% higher than Q2 2019 on 32% less capacity.
- The average fuel price per gallon was up 4% to $2.16, compared to Q2 2019.
- The company ended the quarter with $17.8 billion in liquidity, including cash and cash equivalents, short-term investments, and undrawn revolving credit facilities.
- It held total debt and finance lease obligations of $29.1 billion with adjusted net debt of $18.3 billion at the end of Q2.
- Q3 Outlook (compared to Q3 2019): The Company expects capacity to be down 28%-30%; total revenue down 30%-35%; fuel price ($/gal) $2.05-$2.15; CASM-ex up 11%-14%; capital expenditures to be ~$800 million; and adjusted net debt ~$19.0 billion.
- Price action: DAL shares trading higher by 1.14% at $41.80 in the premarket session on the last check Wednesday.
Loading...
Loading...
DALDelta Air Lines Inc
$50.08-0.40%
Edge Rankings
Momentum
29.78
Growth
85.65
Quality
-
Value
43.67
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
