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Quarterly Report — Q1 2024
Filed April 10, 2024
Q1 2024 revenue grew year-over-year with passenger revenue leading the charge across all geographic regions, including a notable rebound in Pacific routes. The airline carried meaningful debt — highlighted by SkyMiles-backed notes and a mix of secured and unsecured obligations — but maintained undrawn revolving credit facilities, signaling adequate liquidity. Delta continued investing in fleet modernization with orders spanning A220s, A321neos, A350s, and 737 MAX 10s, positioning for long-term capacity growth while managing a balance sheet still carrying pandemic-era borrowings.
What is Quarterly Report?
Filed after each of the first three fiscal quarters with unaudited financial statements, management discussion, and any material changes to risk factors or legal proceedings.
Quarterly financial update — tracks business trajectory between annual reports.
Extracted Milestones (3)
$20.7 Billion Fleet Purchase Commitment Pipeline with 325 Aircraft
As of March 31, 2024, Delta has firm purchase commitments for 325 aircraft totaling approximately $20.7 billion, including 76 A220-300s, 101 A321-200neos, 12 A330-900neos, 16 A350-900s, 20 A350-1000s, and 100 B-737-10s.
LaGuardia Airport Terminal C/D Redevelopment Nearing Completion
Delta's new state-of-the-art terminal facility replacing Terminals C and D at LaGuardia Airport, in partnership with the Port Authority of New York and New Jersey, has construction ongoing with completion expected by end of 2024.
Delta Air Lines Orders 20 Airbus A350-1000s
Delta has placed an order for 20 Airbus A350-1000 widebody aircraft, expanding its A350 family beyond the 40 A350-900s already in service.