Delta Air Lines Announces December Quarter and Full Year 2022 Profit
- Generated double-digit operating margin in December quarter with EPS ahead of guidance
- Expect March quarter revenue to accelerate further relative to 2019
- Reiterating outlook for significant earnings and cash flow growth in 2023, including EPS of $5 - $6 and free cash flow of more than $2 billion
- Delta Air Lines (NYSE:DAL) today 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, including both GAAP and adjusted metrics, are on page five of the full release and are incorporated here.
- "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 15-20% 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."
Delta News
We Just Got A Pilot With FOUR 121 Checkride Failures Hired At A Legacy
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United To Open New Flight Training Center In Houston
KEY POINTS:
- Constructed near United Airlines’ base at Houston Intercontinental Airport (IAH), the 50,000-square-foot facility is set to become the airline’s largest training center. The building offers enough classroom space to ready 8,000 flight attendants each year – with a specialized aquatics center for safety training. According to local media, the facility will open on January 17, with an opening ceremony hosted by CEO Scott Kirby, President Brett Hair, and Houston’s Mayor Sylvester Turner.
- United Airlines’ new training center comes as part of the airline’s $1 billion investment at the airport over the past decade. In 2020 the carrier opened a $200 million Technical Operations Centre (UTOC) in Houston, expanding hangar space to service its ever-growing fleet, adding a warehouse distribution center and additional administrative offices.
- “These big investments are signals to the nation and world that Houston is only getting stronger,” Houston Airport director Mario Diaz explained following the opening of the UTOC facility.
- “Our airport’s connectivity is expanding, and our economy is growing. And so, our partnership with United is that much more important. We will lead the way forward as we plan to meet the growing demand for domestic and international travel in the years to come. We are putting the infrastructure in place now so that we are ahead. We are true partners who are united.”
Simple Flying
We Just Got A Pilot With A Gear Up Landing Hired At A Major
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American Pilots Raise 'serious safety concerns' About Cockpit Protocol Changes
KEY POINTS:
- The union representing American Airlines pilots has raised concerns about new cockpit procedures the airline implemented Tuesday, saying pilots had not been given adequate time or training to learn them.
- While pilots would normally receive formal in-person or online training on procedural updates of this kind, Allied Pilots Association spokesperson Captain Dennis Tajer told USA TODAY in an interview that they only received a training bulletin (or handout), along with updates to the operating manual – which he estimated comprised 100 pages of reading between them – and a short video with a general overview of the changes that he says was not specific to the aircraft American pilots fly.
- The updates are designed to streamline pilot operations across the airline's fleet, according to Tajer.
- "American Airlines Flight Operations management is attempting to circumvent robust safety-related pilot training by unilaterally imposing operational changes via bulletin," leaders from the APA, which represents 15,000 American Airlines pilots, said in a post on its website Monday. "While APA does not oppose fleet harmonization, we are steadfast in our commitment that pilots must be properly trained BEFORE operating with passengers."
USA Today
FAA Explains NOTAM System Failure
KEY POINTS:
- The computer failure that prompted a halt of all US flight departures was caused when a data file was damaged as a result of a failure to follow government procedures, the Federal Aviation Administration said Thursday.
- Unspecified “personnel” were responsible for corrupting the file, which led to the outage of an FAA computer system that sends safety notices to pilots, the agency said in a statement. That triggered the FAA to order a halt to all US departing flights, causing thousands of delays and cancellations Wednesday.
- “The system is functioning properly and cancellations today were below 1%,” the agency said.
- The preliminary indications are that two people working for a contractor introduced errors into the core data used on the system known as Notice to Air Missions, or Notam, according to a person familiar with the FAA review. The person asked not to be identified speaking about the sensitive, ongoing issue.
Fortune
We Just Got A Pilot With 2200 Hours Hired At A Legacy
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2023 HIRING EVENTS
Frontier Airlines | JAN 19 | MIA
FlexJet | JAN 25 | DFW
NGPA | FEB 9-10 | PSP
Women In Aviation | FEB 23-25 | LGB
American Airlines | MAR 25 | IAH (registration link TBD)
PAPA | MAY 18-19 | LAS
OBAP | AUG 9-11 | MSY
