Delta Air Lines (NYSE: DAL) announced financial results for the fourth quarter and full year 2019 profit. The company announced December Financials, adjusted earnings per share of USD 1.70 or 31% increase year over year, which beat guidance of USD 1.20 to USD 1.50. Total revenue reached USD 11.4 Billion, up 7% compared to the year prior.
For the full year, the company reported adjusted earnings per share of USD 7.31, a 30% increase year over year. Total revenue amounted to a record USD 46 Billion, a 7.5 increase compared to the year prior. The 90,000 employees will reap a USD 1.6 Billion profit on February 14th. The company returned a total of USD 3 Billion to shareholders through share repurchases and dividends. “2019 was a truly outstanding year on all fronts – the best in Delta’s history operationally, financially and for our customers. Our people, and their commitment to bringing best-in-class travel experiences to our 200 million customers, are the foundation for our success. I’m pleased to recognize their outstanding performance with a record $1.6 billion in profit sharing for 2019,” said Ed Bastian, Delta’s chief executive officer. “As we enter 2020, demand for travel is healthy and our brand preference is growing, positioning Delta to deliver another year of strong results, including earnings per share of $6.75 to $7.75.”
Operating revenue for the full year increased to nearly USD 47 Billion, a 7.5% increase compared to the prior year period. “Our industry-leading operational performance and the unmatched service our people provide are the reasons why more customers than ever are choosing to fly Delta. Investments in reliability, product and service, airports and technology are reshaping customer perception and driving record satisfaction scores and increasing brand preference.” said Glen Hauenstein, Delta’s president. “We delivered $47 billion in revenue in 2019, a more than $3 billion increase when adjusted over prior year, while sustaining a revenue premium to the industry of more than 110%. Demand trends remain healthy and we expect momentum to continue in 2020, with revenue growth of 5% to 7% in the March quarter.”