The U.S. airline, Air France-KLM's partner in Skyteam, has reached an adjusted operating revenue of $45.6 billion for the full year 2022.
Like the transatlantic market to North America, which has rebounded very, very strongly since its reopening, Delta Air Lines' annual financial results for 2022 show a very strong recovery in business and a near return to post-crisis levels.
Cash of $9.4 billion at the end of 2022
For the full year, the company achieved operating revenue of $45.6 billion, 2% of the level it had in 2019, prior to the Covid-19 pandemic-related airline crisis. Operating income was $3.7 billion, with an operating margin of 7.2% (compared to $6.6 billion for the full year 2019). Annual net income was just over $2 billion, compared to nearly $4.8 billion for all of 2019. At the end of the year, the U.S. company had $9.4 billion in cash, and adjusted net debt of $22.3 billion.
Fourth-quarter operating revenue higher than 2019
For the fourth quarter ended December 2022, Delta achieved $12.3 billion in operating revenue, higher than it did in the same period of 2019. Operating income was just over $1.4 billion, similar to the same period in 2019. For the fourth quarter, the U.S. company's net income was $950 million, compared to nearly $1.1 billion in the fourth quarter of 2019.
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