Delta posts loss per share of $0.64 in Q4

Thursday, 13. January 2022 12:38

Delta Air Lines Inc. reported on Thursday its diluted loss per share of $0.64 in the fourth quarter, compared to pre-pandemic earnings per share (EPS) of $1.71 in the Q4 of 2019. Net loss was $408 million, compared to the Q4 2019 income of $1,099 million, with operating revenue at $9.5 billion, down from $11.4 billion in the fourth fiscal period in 2019. The full-year EPS stood at $0.44, with the net income at $280 million and operating revenue at $29.9 billion.

"While the rapidly spreading omicron variant has significantly impacted staffing levels and disrupted travel across the industry, Delta's operation has stabilized over the last week and returned to pre-holiday performance," CEO Ed Bastian said. "Omicron is expected to temporarily delay the demand recovery 60 days, but as we look past the peak, we are confident in a strong spring and summer travel season with significant pent-up demand for consumer and business travel."

Delta's shares added 2.76% in premarket trade following the earnings release.

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Baha Breaking News (BBN) / DJ