Delta Air Q4 and FY 2024 Earnings
Delta Air Lines closed 2024 on a high note, reporting record revenue and operating profits for both the December quarter and the full year. With a strategic focus on premium products, operational efficiency, and customer satisfaction, Delta demonstrated resilience in a challenging industry. The company also outlined ambitious goals for 2025, including significant earnings growth, driven by continued demand for travel and innovative product offerings.
Key Financial Metrics
Fourth Quarter 2024:
● Operating Revenue: $14.44 billion, up 5.7% year-over-year.
● Operating Income: $1.74 billion, with a 12% operating margin.
● Earnings Per Share (EPS): $1.85, compared to $1.28 in Q4 2023.
● Operating Cash Flow: $1.78 billion.
Full-Year 2024:
● Operating Revenue: $57 billion, a 4.3% increase from 2023.
● Operating Income: $6.02 billion, with a 10.6% operating margin.
● EPS: $6.16, up from $6.25 in the prior year.
● Free Cash Flow: $3.42 billion, reflecting strong cash generation.
Analysts' Consensus and Outlook Analysts maintain a bullish outlook on Delta Air Lines, with an average "Buy" rating and a mean price target of $80.02, according to FactSet. The stock surged 9% after record-breaking 2024 earnings results were released, boosting investor confidence in the company’s strategic direction. Analysts applaud Delta’s focus on premium products, loyalty programs, and operational efficiency, which have driven strong revenue and earnings growth. With ambitious projections for 2025, including earnings per share exceeding $7.35 and over $4 billion in free cash flow, Delta is set for another record year. As the airline continues to innovate and prioritise sustainability, it remains a standout in the aviation sector, offering investors a potential opportunity for long-term growth.
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** This article was prepared by BROKSTOCK analyst Maboko Seabi
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