Delta Air Lines on Friday, January 13, 2023 reported financial results for the December quarter and full year 2022 and provided its outlook for the March quarter 2023.

Highlights of the December quarter and full year 2022 results, include both GAAP and adjusted metrics.

"Delta people rose to the challenges of 2022, delivering industry-leading operational reliability and financial performance, and I'm looking forward to recognizing their achievements with over $500 million in profit sharing payments next month," said Ed Bastian, Delta's chief executive officer.

"As we move into 2023, the industry backdrop for air travel remains favorable and Delta is well positioned to deliver significant earnings and free cash flow growth.

"We expect to grow 2023 revenue by 15 to 20 percent and improve unit costs year-over-year, supporting a full-year outlook for earnings of $5 to $6 per share and keeping us on track to achieve more than $7 of earnings per share in 2024."

December Quarter 2022 GAAP Financial Results

• Operating revenue of $13.4 billion

• Operating income of $1.5 billion with an operating margin of 10.9 percent

• Pre-tax income of $1.1 billion with a pre-tax margin of 8.3 percent

• Earnings per share of $1.29

• Operating cash flow of $1.2 billion

• Payments on debt and finance lease obligations of $285 million

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