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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 16.6B | 22.8% |
Gross Profit | 7.71B | 37.8% |
Cost of Revenue | 8.92B | 12.2% |
Operating expense | 2.85B | 27.7% |
Net Income | 1.31B | 3427% |
EBITDA | 2.89B | 442.7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 75.2B | 0.3% |
Total Liabilities | 62.8B | 1.6% |
Total Equity | 12.4B | 11.1% |
Shares Outstanding | 641M | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 2.45B | 1.7% |
Cash from investing | -809M | 27% |
Cash from financing | -1.51B | 92.1% |
EPS
Financial Highlights for Delta Air Lines in Q2 '24
Delta Air Lines reported a revenue of 16.6B, which is a 22.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 7.71B, marking a 37.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.92B, a 12.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.85B, showing a 27.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.31B, showing a 3427% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 2.89B, showing a 442.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Delta Air Lines with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.