Delta reports $500 million extra fuel cost, EPS $1.72 and 9.4% operating margin
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Delta said it absorbed more than $500 million in additional fuel cost versus its guidance and posted adjusted earnings per share of $1.72 with an adjusted operating margin of 9.4%.
The airline’s GAAP revenue reached $20,186 million while net income fell 47% to $756 million and adjusted pre‑tax profit was $1,497 million; its adjusted fuel price was $3.61 per gallon, 60% higher than a year earlier, and adjusted total revenue per available seat mile grew 15%. Premium cabin tickets generated $6,818 million, slightly above main cabin revenue of $6,802 million, and outside ticket sales, loyalty and related revenue rose 19% to $1,346 million.