Delta Air Lines Inc (DAL)

Gross profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Gross profit (ttm)	US$ in thousands	24,614,000	24,122,000	24,579,000	23,824,000	22,898,000	21,070,000	19,389,000	17,036,000	13,059,000	9,651,000	5,382,000	-3,774,000	-10,082,000	-6,723,000	4,945,000	16,273,000	26,215,000	27,597,000	26,900,000	26,327,000
Revenue (ttm)	US$ in thousands	58,180,000	57,151,000	56,332,000	54,746,000	52,914,000	49,453,000	45,408,000	40,372,000	33,646,000	28,386,000	22,842,000	16,956,000	11,442,000	16,166,000	23,997,000	33,716,000	44,903,000	46,779,000	46,082,000	45,545,000
Gross profit margin		42.31%	42.21%	43.63%	43.52%	43.27%	42.61%	42.70%	42.20%	38.81%	34.00%	23.56%	-22.26%	-88.11%	-41.59%	20.61%	48.26%	58.38%	58.99%	58.37%	57.80%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $24,614,000K ÷ $58,180,000K
= 42.31%

The gross profit margin of Delta Air Lines Inc has shown fluctuations in recent quarters. Generally, it has been relatively stable, ranging between 42% and 44% for most periods. However, there were significant drops in the margin in the third and fourth quarters of 2021, reaching as low as -88.11% and -22.26% respectively, indicating challenges during that period. The margin improved significantly thereafter, rebounding to 42.31% in the most recent quarter ending March 31, 2024. This indicates an increase in the percentage of revenue retained after accounting for the cost of goods sold, suggesting potentially improved efficiency or better pricing strategies. Overall, the gross profit margin trend suggests Delta Air Lines Inc is managing its cost of goods sold effectively, although occasional fluctuations may reflect challenges or changes in the operating environment.