Delta Air Strains has reported a $652 million revenue for the three months to June.
The determine was buoyed by $1.5 billion in authorities advantages associated to the primary and second payroll assist program extensions.
Income for the quarter stood at $6.three billion, down 49 per cent from the identical interval in 2019.
The airline generated $1.9 billion of working money move, $1.5 billion of free money move and $195 million of free money move within the June quarter.
“With the perfect workers and operation within the {industry} and an accelerating demand setting, we achieved important milestones within the quarter together with a strong pre-tax revenue within the month of June,” mentioned Ed Bastian, Delta chief govt.
“Trying ahead, we’re harnessing the ability of our differentiated model and resilient aggressive benefits to drive in direction of sustainable profitability within the second half of 2021 and allow long-term worth creation.”
He added: “Home leisure journey is totally recovered to 2019 ranges and there are encouraging indicators of enchancment in enterprise and worldwide journey.
“With the restoration selecting up steam, we’re making investments to assist our industry-leading operation.
“We’re additionally opportunistically buying plane and creating upside flexibility to speed up our capability restoration in 2022 and past in a capital-disciplined method.”
Over the subsequent three months, Delta mentioned it expects passenger capability might be down 28 to 30 per cent and income off 30 to 35 per cent, in contrast with the identical interval in 2019.
