(Finance) – Delta Air Linesa major airline in the United States, reported a Net income of $2.04 billion in fourth quarter of 2023, up from $828 million a year ago. THE revenues rose 6% to $14.22 billion from a year earlier.
“2023 was a banner year for Delta with industry-leading operational and financial performance,” the CEO Ed Bastianwhich provides that “into 2024, demand for air travel remains strong and our customer base is in a healthy financial position with travel as a top priority. We expect to increase full-year earnings by $6 to $7 per share and generate free cash flow of $3 to $4 billion, further strengthening our financial base.”
There prediction of full-year earnings of $6 to $7 per share is inferior to the over 7 dollars per share expected last year. Delta also said it expects revenue in the first quarter of 2024 to increase 3% to 6% compared to the same period a year earlier.
At the same time as the quarterly, Delta announced that it had reached an agreement with Airbus for thepurchase of twenty A350-1000s, with options for an additional twenty widebody aircraft. Deliveries of the planes are expected to begin in 2026. In addition to improving fuel efficiency, these planes will add more premium seating and greater cargo capacities to the international widebody fleet.