Delta Air Lines Inc. announced on Friday that its total operating revenue in the fourth quarter of the fiscal year 2024 saw an annual rise of 9% to hit $15.6 billion.
The airline's operating income rose by 30% compared to the same trimester in 2023 to land at $1.7 billion. However, the company's net income dipped 59% to reach $843 million. Furthermore, its diluted earnings per share (EPS) nosedived 59% year-on-year to stand at $1.29 per share.
"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," Chief Executive Officer Ed Bastian commented.
Following the release of the results, Delta's shares added 3.44% in premarket trading.
