Summary by Moomoo AI
Delta Air Lines, Inc. presented at the J.P. Morgan Industrials Conference on March 12, 2024, where the company reaffirmed its financial outlook for the full year and March quarter of 2024, which was initially provided on January 12, 2024. Delta expects to achieve year-over-year total revenue growth in the top half of its initial guidance range for the March quarter. The airline anticipates earnings per share (EPS) to be between $6 and $7 for the full year 2024, with free cash flow projected to be between $3 billion and $4 billion. The adjusted debt to EBITDAR ratio is forecasted to be between 2x and 3x. For the first quarter of 2024, Delta projects a 3% to 6% increase in total revenue year-over-year, an operating margin of approximately 5%, and EPS ranging...Show More