Delta Airlines has announced its $45.6bn revenue in profit for the year ended 2022.
The statement said, “Other financial results showed operating income of $3.6bn with an operating margin of 7.8 per cent. Pre-tax income of $2.7bn with a pre-tax margin of 5.9 per cent. Earnings per share of $3.20. Operating cash flow of $6.2bn. Free cash flow of $244m. $9.4bn in liquidity and adjusted net debt of $22.3bn at year end.”
Delta’s Chief Financial Officer, Dan Janki, also added that, “We made significant progress restoring our financial foundation in 2022 with positive free cash flow generation and three quarters of double-digit margins. This enabled us to pay down over $4.5bn of gross debt during the year, strengthening our balance sheet.
“We expect to deliver free cash flow of more than $2bn in 2023 and further reduce debt on our path to reach investment grade metrics in 2024.” The statement added that Delta employees earned $563m in profit sharing and $61m in shared rewards for the year, recognising the outstanding performance of Delta’s 90,000 employees.
Delta’s Chief Executive Officer, Ed Bastian, lauding their efforts, said, “Delta people rose to the challenges of 2022, delivering industry-leading operational reliability and financial performance, and I’m looking forward to recognising their achievements with over $500m in profit sharing payments next month.
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