[News] July 13, 2023, 11:10 pm ET. By Zach Cooke.
This past Thursday, Delta Air Lines announced record-breaking operating revenue and operating income in their June quarter financial results. The Atlanta-based carrier reported record international performance numbers across the Atlantic, Pacific and South American regions. An uptick in passenger numbers compared to June last year correlates with new deliveries the carrier has received in the previous 12 months along with the reactivation of previously parked and stored aircraft.
This quarter’s reported revenue was up significantly, representing the carrier’s highest in history. Profitability for the carrier was just as impressive, operating at a margin of over 17%. The increase is partially attributed to an increase in consumer demand along with an overall decrease in fuel cost. Compared to the June quarter last year, the carrier’s fuel bill was 24% less for this quarter.
With the strong report for June and expecting this trend to continue into this fall, Delta’s President, Glen Hauenstein said, “Robust demand is continuing into the September quarter where we expect total revenue to be similar to the June quarter, up 11 percent to 14 percent compared to the September quarter 2022 on capacity that is 16 percent higher.”
Following the pandemic, international demand has rebounded tremendously in the past year with the Atlanta-based carrier operating the largest transatlantic schedule to date this summer. Total international revenue for the quarter was up 61% according to the carrier, with domestic travel also showing a strong return up 8%.
While being the smallest market in terms of revenue, Delta’s Pacific market saw the largest increase of 175% compared to June of last year. According to the release, the carrier attributes this to Japan’s re-opening to international travelers along with the joint venture with Korean Air.
The Atlanta-based carrier has been…