Delta Air Lines has reported financial results for the June quarter 2019. Delta’s adjusted operating revenue of US$12.5 billion for the June quarter improved 8.7%, US$1 billion higher than prior year quarter. This revenue result marks a record for the company, driven by improvements across Delta’s business, including a ten percent increase in premium product ticket revenue and double-digit percentage increases in loyalty and third-party maintenance revenue.
Adjusted earnings per share were US$2.35, reflecting a 32% increase year over year and US$1.8 billion of free cash flow.
Cargo revenue during the quarter declined 17% driven by lower volumes and yield. Other revenue declined by US$24 million as growth in loyalty and third-party maintenance was offset by US$176 million lower third-party refinery sales.
