Delta reports record Jun qtr revenue, adj EPS $2.36, announces 50% dividend increase, reaffirms FY guide

DELTA AIR LINES, INC.

2024-Q2 EPS reported $2.08 revenue$30,406,000,000

Record Jun quarter revenue of $15.4B (adj), up 5.4% YoY; adj EPS $2.36 vs $2.68 last year.
Operating margin 14.7% (adj); pre-tax income $2.0B; free cash flow $1.3B.
Announced 50% increase to quarterly dividend starting Sep quarter; debt reduced, leverage at 2.8x.
Full year EPS guidance reaffirmed $6-$7; Sep quarter guidance: EPS $1.70-$2.00, op margin 11%-13%.
Premium revenue grew 10% YoY; loyalty revenue up 8%; AmEx remuneration $1.9B.

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