Delta Air Lines has reported a fourth quarter 2024 net profit of $834 million or $1.29 per diluted share on a year-over-year increase in revenue of 9.0 percent to $15.6 billion. At December 31, 2024, Delta had $6.1 billion in liquidity, including undrawn credit capacity.
On Friday (January 10, 2025), Delta Air Lines announced their fourth quarter financial results for the period ending December 31, 2024. The carrier reported a fourth quarter net profit of $834 million or $1.29 per diluted share on a 9.0 percent year-over-year increase in revenue to $15.6 billion. Delta’s Q4 cost per available seat mile (CASM) was 19.22 cents, up from 18.84 cents in the same period last year, while total revenue per available seat mile (TRASM) increased to 21.60 cents, up from 20.8 cents in Q4 2023. Costs excluding fuel (CASM-ex) increased year-over-year by 3.3 percent to 13.72 cents. At December 31st, 2024, the carrier had $6.1 billion in liquidity including cash, cash equivalents, short-term investments, including $3.1 billion in undrawn revolving credit facilities.
In Friday’s announcement, Delta Air Lines’ Chief Executive Officer, Ed Bastian, said,
“2024 was a great year for Delta with our results reflecting differentiation from the industry and increased durability. Our people finished the year strong, delivering industry-leading operational and financial performance. Sharing Delta's success is core to our culture, and I'm excited to recognize our people's outstanding efforts with $1.4 billion in profit sharing payments next month.
“As we move into 2025, we expect strong demand for travel to continue, with consumers increasingly seeking the premium products and experiences that Delta provides. Our differentiated strategy and best-in-class operations, combined with demand strength and an increasingly constructive industry backdrop, position us to deliver the best financial year in Delta’s 100-year history, with pre-tax income greater than $6 billion, earnings per share greater than $7.35 and free cash flow of more than $4 billion.”
For the full year 2024, Delta reported a net profit of $3.46 billion or $5.33 per diluted share on a 6.0 percent increase in revenue to a record $61.64 billion. The carrier’s full-year cost per available seat mile (CASM) was 19.30 cents, down slightly from 19.31 cents in FY 2023, while total revenue per available seat mile (TRASM) was 21.37 cents, up from 21.34 cents in the previous year.
During the fourth quarter of 2024, Delta took delivery of 11 aircraft, bringing full-year deliveries to 38, including Airbus A321neos, A220-300s, A330-900s and A350-900s. The carrier also launched new long-haul service to Brisbane, as well as nonstop service from Tampa to Amsterdam, Orlando to London, and New York to Lagos. Delta also prepared to launch new service between Reagan National in Washington D.C. (DCA) and Seattle-Tacoma (SEA) which will commence in March 2025. Additionally, the carrier announced first-ever direct service between Minneapolis-St. Paul and Copenhagen. During Q4, Delta also added 13 new Latin American routes across six hubs, expanding their winter reach to popular leisure destinations.
Source: Delta Air Lines