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FY 202410-K

Annual Report — FY 2024

Filed February 11, 2025

AI Summary

Total revenue hit approximately $61.6 billion in 2024, driven by strong passenger demand across all regions — with Atlantic routes and premium cabin upgrades standing out as key growth engines. The balance sheet continued its post-pandemic repair, with management aggressively paying down debt while returning capital to shareholders through resumed share buybacks and dividends, signaling confidence in durable cash flow. Looking ahead, Delta's deepening SkyMiles loyalty program monetization — already pledged as collateral backing billions in financing — and major infrastructure bets at LAX and LaGuardia position the airline to widen its premium revenue moat heading into 2025.

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Extracted Milestones (13)

Shipped

38 Next-Generation Aircraft Delivered in 2024

Delta took delivery of 38 aircraft in 2024, including A321neos, A220-300s, A330-900s and A350-900 aircraft, which are on average 28% more fuel efficient per seat mile than retired aircraft since 2019.

Fleet
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Shipped

Free Wi-Fi via SkyMiles Account Deployed on Most Domestic Mainline Flights

Delta has expanded fast and free Wi-Fi for all customers through a free SkyMiles account, now available on most domestic mainline flights with plans for full availability on international and regional aircraft.

Inflight ConnectivitySkymiles
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Expected

Full Free Wi-Fi Rollout to International and Regional Aircraft Planned

Delta plans to extend free Wi-Fi availability to international and regional aircraft following deployment on most domestic mainline flights.

Inflight Connectivity
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In Progress

Delta One Lounges and New Delta Sky Clubs in Key Markets

Delta is investing in elevated customer experiences through generational airport investments including new Delta One Lounges and Delta Sky Clubs in key markets.

Sky ClubsDelta One
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In Progress

Delta Sync Personalization Platform Continuing Development

Delta continues to innovate and enhance Delta Sync, which will enable the creation of more personalized experiences over the next several years.

Delta Digital
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Shipped

American Express Remuneration Reaches $7.4 Billion in 2024

Remuneration from American Express totaled $7.4 billion in 2024, with Delta expecting this to grow to $10 billion over the long-term.

Amex Partnership
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Announced

Minnesota SAF Blending Facility Announced with Flint Hills Resources

Delta and Flint Hills Resources announced development of the first SAF blending facility in Minnesota, expected to blend up to 30 million gallons of SAF annually once fully operational.

SAF
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Shipped

Over 14 Million Gallons of SAF Used in 2024

Delta used over 14 million gallons of SAF onboard its aircraft in 2024, more than four times its 2023 SAF utilization.

SAF
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In Progress

Hydrogen Fueling Feasibility Study at Atlanta Airport

Delta joined a collaborative project between Hartsfield-Jackson Atlanta International Airport, Airbus and Plug Power to assess the feasibility of hydrogen fueling at the world's busiest airport.

SAF
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In Progress

Boeing 737-800 Split-Scimitar Winglet Modifications Expected by End of 2025

Following completion of 737-900ER winglet installations, Delta expects to complete similar split-scimitar winglet modifications on its Boeing 737-800 fleet by end of 2025, driving over three million gallons of fuel savings annually.

Fleet
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Shipped

MRO Agreements for Three Next-Generation Engine Platforms

Delta TechOps has secured contractual agreements with jet engine manufacturers to service multiple next-generation aircraft engines, positioning it as a leading global service provider.

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Shipped

Investment Grade Rating Restored by All Three Major Rating Agencies

Delta regained its investment grade rating from all three major rating agencies during 2024, marking a key financial milestone following approximately $4.0 billion in debt and finance lease payments.

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Shipped

Cabin Modification Programs to Increase Premium Seating Completed in 2024

Delta introduced aircraft with more premium seating and completed cabin modification programs in 2024 to increase premium offerings and harmonize interiors.

Delta OnePremium Select
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Delta Air Lines Annual Report — FY 2024 | AlphaPerch