Summary by Moomoo AI
On January 11, 2024, Delta Air Lines, Inc. (Delta) entered into a material definitive agreement with Airbus S.A.S. to purchase 20 A350-1000 aircraft, with an option for an additional 20 widebody aircraft. The deliveries are set to begin in 2026, enhancing Delta's international widebody fleet with improved fuel efficiency, more premium seating, and greater cargo capabilities. This order aligns with Delta's capital expenditure and capacity targets. Additionally, Delta reported its financial results for the quarter ending December 31, 2023, and the full year of 2023. The company achieved record full-year revenue and over $5 billion in pre-tax income, nearly doubling its 2022 figures. Delta anticipates a free cash flow of $3 to $4 billion in 2024, marking an improvement of up to $2 billion over 2023. The airline expects record revenue in the March quarter, driven by robust domestic and international demand, with solid profitability forecasted.