Delta Air Lines gross profit for the twelve months ending June 30, 2023 was $19.492B, a 40.9% increase year-over-year. Delta Air Lines annual gross profit for 2022 was $17.166B, a 131.85% increase from 2021. Delta Air Lines annual gross profit for 2021 was $7.404B, a 1256.88% decline from 2020.
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Revenue Environment and OutlookWe delivered record revenue in the June quarter, with total revenues 19 percent higher than the June quarter of 2022. These results reflect the strength of the demand environment, the hard work of our people and the momentum of Delta's brand, said Glen Hauenstein, Delta's president.
Total debt on the balance sheet as of June 2023 : $27.55 BAccording to Delta Air Lines's latest financial reports the company's total debt is $27.55 B. A company's total debt is the sum of all current and non-current debts.
Despite an unprecedented hiring spree, Delta still regularly doesn't have enough pilots or flight attendants ready to operate all its flights when things go wrong. Throw in a bad storm during a busy travel week, and things can fall apart quickly.
What Is Delta Air Lines's Net Debt? The image below, which you can click on for greater detail, shows that Delta Air Lines had debt of US$19.7b at the end of June 2023, a reduction from US$24.2b over a year. However, because it has a cash reserve of US$6.04b, its net debt is less, at about US$13.7b.
Most On-Time Major U.S. AirlineDelta is the most on-time airline in the U.S. It's just that simple. According to the U.S. Department of Transportation, 83% of Delta flights arrived on time in 2022 – more than 3 percentage points higher than its U.S. competitors.