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Delta Airline‘s GAAP net income was $280 million, in contrast to the $4.767 billion reported for 2019.
The airline’s CEO, Ed Bastian, said that the airline had made significant progress in recovering from COVID-19’s effect. As a result, it will be sharing some of its profit with employees with a payment made to eligible employees.
According to Delta, it operated 134.7 billion revenue passenger seat miles during the past year. With 194.5 billion available seat miles, the airline’s passenger load factor averaged out at 69% for the whole year. It was slightly higher at 78% for the last quarter alone. Delta Air Lines ended the year with a liquidity of $14.2 billion.
Commenting on the airline’s Q4 results, Bastian said, “Omicron is expected to temporarily delay the demand recovery 60 days, but as we look past the peak, we are confident in a strong spring and summer travel season with significant pent-up demand for consumer and business travel.”