Delta Air Lines Inc (DAL)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,608,000 | 1,914,000 | 398,000 | -15,587,000 | 6,198,000 |
| Revenue | US$ in thousands | 57,151,000 | 49,453,000 | 28,301,000 | 16,166,000 | 46,706,000 |
| Pretax margin | 9.81% | 3.87% | 1.41% | -96.42% | 13.27% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $5,608,000K ÷ $57,151,000K
= 9.81%
Delta Air Lines, Inc.'s pretax margin has fluctuated over the past five years, indicating varying levels of profitability before considering taxes. The trend shows significant volatility, with a notable improvement from -91.18% in 2020 to 9.66% in 2023. This improvement suggests that the company managed to enhance its operational efficiency and control costs in recent years. However, the pretax margin was much higher in 2019, at 13.19%, indicating that the company may have faced challenges in maintaining profitability levels in the intervening years. Overall, Delta Air Lines, Inc.'s pretax margin indicates a mix of challenges and improvements in its financial performance over the analyzed period.
Peer comparison
Dec 31, 2023