Atlanta, GA

Delta Air Lines reports its financial results for the June quarter of 2021

Amy Cheribelle

https://img.particlenews.com/image.php?url=2a2vd4_0axK3Pfh00
Unsplash

ATLANTA, GA- On July 14, Delta Air Lines (NYSE:DAL) reported its financial results for the June quarter of 2021, as well as shares its prospect for the September quarter of 2021.

“With the best employees and operation in the industry and an accelerating demand environment, we achieved significant milestones in the quarter including a solid pre-tax profit in the month of June, positive free cash flow for the June quarter, and our people and our brand being recognized with the top spot in the J.D. Power 2021 Airline Study,” said Delta’s chief executive officer, Ed Bastian.

“Looking forward, we are harnessing the power of our differentiated brand and resilient competitive advantages to drive towards sustainable profitability in the second half of 2021 and enable long-term value creation,”

“Domestic leisure travel is fully recovered to 2019 levels and there are encouraging signs of improvement in business and international travel. With the recovery picking up steam, we are making investments to support our industry-leading operation. We are also opportunistically acquiring aircraft and creating upside flexibility to accelerate our capacity restoration in 2022 and beyond in a capital-disciplined manner,” added Bastian.

Several results for the June quarter of 2021, including adjusted pre-tax loss worth $881 million, except 1.5 billion of benefit connected to the first and second payroll support program extensions (PSP2 and PSP3, respectively) and mark-to-market adjustments on Delta's investments.

Adapted operating income worth $6.3 billion, which except refinery sales, declined 49 percent on 39 percent lower sellable capacity (see Note A) compared with June quarter 2019.

To learn more about Delta's financial results, visit here

This is original content from NewsBreak’s Creator Program. Join today to publish and share your own content.

Comments / 0

Published by

Writer and Georgia native covering local stories

Atlanta, GA
1070 followers

More from Amy Cheribelle

Comments / 0