Delta Air Lines posts $1.6 billion quarterly profit, raises dividend by 15%

en.Wedoany.com Reported - Delta Air Lines reported a June quarter profit that exceeded market expectations, citing strong demand and solid operational performance.

The Atlanta-based airline posted operating revenue of $19.8 billion for the quarter, net income of $1.6 billion, and adjusted earnings per share of $1.56. Under U.S. generally accepted accounting principles (GAAP), the company reported operating income of $1.9 billion and an operating margin of 9.4%. Adjusted revenue was $17.7 billion, with operating income of $1.6 billion. Pretax profit reached $2 billion, and net income was $1.6 billion.

Delta Air Lines CEO Ed Bastian said in the announcement that the company's brand and industry position are stronger than ever. The company reaffirmed its 2026 forecast for adjusted earnings per share of $6.50 to $7.50 and free cash flow of $3 billion to $4 billion, and expects an operating margin of 11% to 13% in the September quarter.

Delta Air Lines also announced a 15% increase in its dividend, effective from the September quarter. The company said it further optimized its balance sheet by reducing debt.