Delta Air Lines Announces June Quarter 2023 Financial Results

    July 17, 2023
    The company reports it completed electrification of nearly all core ground service equipment at hubs in SLC and BOS.
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    Delta Air Lines reported financial results for the June quarter and provided its outlook for the September quarter 2023.  

    "Thanks to the incredible work of our entire team, Delta is delivering for our customers by providing strong operational performance and best in class service during this busy summer period.  With this performance, we generated record revenue and profitability in the June quarter.  Our people are the best professionals in the industry, and I'm proud to recognize their achievements with $667 million in the first half toward next year's profit sharing payment," said Ed Bastian, Delta's chief executive officer. 

    "Consumer demand for air travel remains robust.  Against this constructive backdrop, we are increasing our 2023 earnings guidance to $6 to $7 per share and reiterating our recently updated outlook for $3 billion of free cash flow.

    Among the highlights of the report were an update on the electrification of core ground service equipment.  The company reports it completed electrification of nearly all core ground service equipment at hubs in SLC and BOS with goals to extend to ATL, LAX, SEA, MSP, JFK, LGA and others.