Delta Air Lines Inc (DAL)

Operating 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
Operating income (ttm)	US$ in thousands	6,411,000	5,520,000	5,668,000	5,140,000	4,168,000	3,662,000	2,455,000	3,204,000	2,501,000	1,886,000	765,000	-7,826,000	-13,457,000	-12,469,000	-10,212,000	-1,755,000	5,188,000	6,618,000	6,309,000	5,883,000
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
Operating profit margin		11.02%	9.66%	10.06%	9.39%	7.88%	7.41%	5.41%	7.94%	7.43%	6.64%	3.35%	-46.15%	-117.61%	-77.13%	-42.56%	-5.21%	11.55%	14.15%	13.69%	12.92%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $6,411,000K ÷ $58,180,000K
= 11.02%

The operating profit margin of Delta Air Lines Inc has shown fluctuations over the past few quarters. The margin has ranged from negative values, indicating losses, to positive values, showing profitability.

In the most recent quarter, ending March 31, 2024, the operating profit margin stood at 11.02%, reflecting a healthy level of profitability. This is an improvement from the previous quarter where it was at 9.66%.

Looking back, the operating profit margin has generally been increasing since the beginning of 2021. The significant improvements in profitability from negative margins in 2021 to double-digit positive margins in 2024 indicate that Delta Air Lines Inc has been able to effectively manage its operating costs and improve its operational efficiency.

However, it is essential to note the substantial fluctuations in the margin, especially in the third and fourth quarters of 2021, where the company experienced significant losses. These fluctuations may be attributed to the unprecedented challenges faced by the airline industry, such as the impact of the COVID-19 pandemic.

Overall, the recent positive trend in operating profit margin is a positive signal for Delta Air Lines Inc, indicating improved financial health and operational performance.