Earnings Report Digest

Delta Air Lines (DAL): 2024 Q3 earnings digest


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This episode discusses Delta Air Lines' recent earnings release, reflecting on their operational and financial performance to close out their fiscal year. The quarterly results show a December pre-tax profit of $1.6 billion, with earnings per share reaching $1.85, marking a significant increase from the previous year and positioning Delta for a strong 2025. \n\nKey statistics paint a broad picture of Delta's standing. With a market cap of approximately $43.2 billion and total revenue hitting over $60.3 billion, we see a forward PE ratio of 8.04 and a PE of 12.56. However, risks are present as their debt to equity ratio stands at 1.87, and a low current ratio of 0.39 could indicate potential liquidity issues. On the flip side, free cash flow of $9.1 million offers some financial breathing room.\n\nIn the earnings report, Delta showcased a record fourth-quarter revenue of $14.4 billion, up 5.7% from the prior year. This was driven by increasing demand in both leisure and corporate travel, highlighting double-digit growth in American Express remuneration. Future prospects seem bright, with expectations of revenue growth of 7 to 9% for the upcoming quarter and earnings per share potentially exceeding $7.35 for the year ahead. 🚀💵 Yet, there are risks, including increased competition and potential supply chain constraints due to wider economic factors. \n\nIn conclusion, Delta appears to be on a strong trajectory but needs to navigate some challenges as it strives for continued growth. For a deeper dive into Delta Air Lines’ financials, check out the details at valueverge.com/DAL.

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Earnings Report DigestBy ValueVerge