Delta Air Lines (Delta) has reported financial results for the June quarter 2022. Delta reported operating revenue of US$13.8 billion and operating income of US$1.5 billion with an operating margin of 11%. Operating cash flow was US$2.5 billion at the end of the quarter with total debt and finance lease obligations of US$24.8 billion.
Delta’s June quarter 2022 adjusted financial results was as follows: the company reported operating revenue of US$12.3 billion, 99% recovered versus June quarter 2019 on 82% capacity restoration. Operating income was US$1.4 billion with an operating margin of 11.7%, the first quarter of double-digit margin since 2019. Free cash flow at the end of the quarter was US$1.6 billion after investing US$864 million into the business. Payments on debt and finance lease obligations was US$1.0 billion, US$13.6 billion in liquidity and adjusted net debt of US$19.6 billion. (1.00 = US$1.18 at time of publication).
