Delta Releases Third Quarter Earnings Report

Delta Air Lines released its operational and financial report for the third quarter of 2019. Between July and September, it transported 55.2 million passengers, setting an all-time company record for the quarter.

The Atlanta-based carrier’s adjusted operating revenue rose 6.5% to $12.55 billion, setting a new quarterly record. Its net income jumped 21.5% to about $1.5 billion. Matching the rest of the air freight industry, the revenue of Delta’s cargo segment plummeted 17% year-on-year.

At the end of September, the airline announced that it will purchase a 20% stake in LATAM for $1.9 billion, in order to enhance intra-American connectivity.

Source: Delta