Delta Reports on Second Quarter Earnings

Delta released its earnings report for the second quarter of 2019. The company set a new record with its total adjusted revenue (excluding oil refinery sales) jumping almost $1 billion to $12.5 billion for the quarter. It reported 8.7% top-line growth, 32% higher than in the same quarter of the previous year.

The airline’s Atlantic division led the way with 6.1% growth, in spite of challenges from foreign currency exchange rates and the collapse of Jet Airways, a key partner.

The Atlanta-based carrier has announced several plans to remake its fleet. In May, it took delivery of the first of 35 Airbus A330neo aircraft. In June, it ordered five more Airbus A220-100 aircraft. Also, Delta intends to hasten the retirement plan for its MD-90 fleet by two years, now targeting 2022 for the exit of the last aircraft of that type.

Source: Delta