Delta Air Lines Inc. (NYSE:DAL) announced on Wednesday that its revenue in the first quarter of the fiscal year 2024 saw an annual rise of 8% to reach $13.7 billion.
The company registered a net income of $37 million, an improvement compared with the net loss of $363 million noted in the same trimester in 2023.
It also recorded earnings per share of $0.06, an upgrade from the loss per share of $0.57 seen year-on-year.
Following the release of the report, Delta’s stock went up by 4.63% in premarket trading.
“For the March quarter, we delivered record revenue on outstanding operational performance, enabling strong earnings growth. We anticipate continued strong momentum for our business, and in the June quarter, we expect to deliver record revenue, a mid-teens operating margin and earnings of $2.20 to $2.50 per share. We remain confident in our full year targets for earnings of $6 to $7 per share and free cash flow of $3 to $4 billion,” Delta CEO Ed Bastian commented.