Delta Air Lines Inc (DAL)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,658,000 | 5,731,000 | 5,691,000 | 6,235,000 | 5,607,000 | 4,452,000 | 3,893,000 | 2,609,000 | 1,915,000 | 400,000 | 970,000 | 713,000 | 398,000 | -315,000 | -8,706,000 | -16,496,000 | -15,588,000 | -13,081,000 | -4,275,000 | 4,646,000 |
| Revenue (ttm) | US$ in thousands | 61,398,000 | 59,858,000 | 59,460,000 | 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 |
| Pretax margin | 7.59% | 9.57% | 9.57% | 10.72% | 9.81% | 7.90% | 7.11% | 4.93% | 3.87% | 0.88% | 2.40% | 2.12% | 1.40% | -1.38% | -51.34% | -144.17% | -96.42% | -54.51% | -12.68% | 10.35% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $4,658,000K ÷ $61,398,000K
= 7.59%
Delta Air Lines Inc's pretax margin experienced significant fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin started positively at 10.35% in March 2020 but turned negative in the following quarters, reaching a low of -144.17% in March 2021. This trend continued until September 2021, when the pretax margin improved slightly to -1.38%.
Subsequently, there was a gradual recovery, with the pretax margin returning to positive territory in December 2021 at 1.40%. The improvement continued into the following periods, with pretax margins ranging from 2.12% in March 2022 to 10.72% in March 2024.
Overall, Delta Air Lines Inc's pretax margin showed volatility in the initial phases, with a swift recovery and steady positive growth in later periods. This positive trend indicates the company's ability to effectively manage costs and generate higher earnings before taxes as it navigated through challenging economic conditions.
Peer comparison
Dec 31, 2024