earnings
confidence high
sentiment positive
materiality 0.85
Delta Q4 adjusted EPS $1.48, revenue $12.3B; guides FY23 EPS $5-$6, FCF >$2B
DELTA AIR LINES, INC.
2022-FY EPS reported
$2.06
revenue$50,582,000,000
- Q4 adj EPS $1.48 vs guidance; adj op margin 11.6%; revenue up 8% vs 2019.
- Full year adj EPS $3.20; adj op income $3.6B; free cash flow $244M.
- FY23 outlook: EPS $5-$6, FCF >$2B, revenue +15-20% YoY, op margin 10-12%.
- American Express remuneration $5.5B for 2022 exceeded $5B target; co-brand spend up 45% vs 2019.
- Non-fuel unit costs expected to decline 2-4% in FY23; pilot agreement impact ~3 points.