Ahead of the JP Morgan Industrials Conference, Delta Air Lines has confirmed its outlook for the full year 2024 and first quarter in a SEC filing; anticipating a rise in total revenue year on year of 3-6%.
Delta’s operating margin is expected to be around 5% in the first quarter 2024, with earnings per share of between $0.25-$0.50; rising to $6-$7 for the full year. Free cash flow for the entire twelve months is predicted to be between $3bn and $4 bn, with an adjusted debt to EBITDAR ratio of 2-3x.
During the airline’s recent earnings call, chief executive officer Ed Bastian first proposed its financial outlook for the year ahead, with an elevated free cash flow “further strengthening [Delta’s] financial foundation”.
Delta forecasts total yearly revenue for Q124 up 3-6%
