Delta Air Lines Inc (DAL)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,009,000 | 4,609,000 | 3,401,000 | 2,988,000 | 1,896,000 | 1,319,000 | 82,000 | 599,000 | 516,000 | 279,000 | -68,000 | -6,659,000 | -13,028,000 | -12,385,000 | -10,531,000 | -3,657,000 | 3,503,000 | 4,767,000 | 4,687,000 | 4,514,000 |
| Total stockholders’ equity | US$ in thousands | 11,151,000 | 11,105,000 | 9,226,000 | 8,100,000 | 6,260,000 | 6,582,000 | 4,590,000 | 3,811,000 | 2,991,000 | 3,887,000 | 2,606,000 | 1,281,000 | 482,000 | 1,534,000 | 3,357,000 | 8,690,000 | 14,309,000 | 15,358,000 | 15,068,000 | 13,958,000 |
| ROE | 44.92% | 41.50% | 36.86% | 36.89% | 30.29% | 20.04% | 1.79% | 15.72% | 17.25% | 7.18% | -2.61% | -519.83% | -2,702.90% | -807.37% | -313.70% | -42.08% | 24.48% | 31.04% | 31.11% | 32.34% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $5,009,000K ÷ $11,151,000K
= 44.92%
Delta Air Lines Inc's return on equity (ROE) has shown a significant improvement in recent quarters, with ROE reaching 44.92% in March 2024, up from 41.50% in December 2023. This indicates that the company has been effectively utilizing its equity to generate profits for its shareholders. The upward trend in ROE suggests that Delta Air Lines is becoming more efficient in generating profits from its equity base.
The ROE performance in the past few quarters reflects Delta Air Lines' ability to manage its assets and liabilities effectively to generate higher returns for its shareholders. The substantial increase in ROE from negative values in 2021 to positive values in 2024 highlights the company's efforts to turn around its financial performance and enhance shareholder value.
Overall, Delta Air Lines Inc's improving ROE trend is a positive indicator of the company's financial health and operational efficiency. Investors and stakeholders may view the increasing ROE as a sign of improved performance and potential for sustained profitability in the future. It is essential for the company to maintain this positive momentum in ROE to continue creating value for its shareholders.
Peer comparison
Mar 31, 2024