Pace CrowdStrike, Delta reports strong Q3 earnings

Delta Air Lines reported strong financial results for Q3 2024, with $15.7 billion in revenue and a pre-tax income of $1.6 billion, achieving a 10% pre-tax margin. The airline generated $1.3 billion in operating cash flow, while reducing debt to $17.7 billion. CEO Ed Bastian credited Delta’s workforce for its success and highlighted nearly $3 billion in free cash flow generated year-to-date. Delta forecasts a profitable Q4, projecting $1.4 billion in pre-tax profit—30% higher than last year—and a record revenue with an 11%-13% operating margin. Fitch also upgraded Delta's credit rating to investment grade.

In other Delta news, its TechOps will begin using drones to inspect airplanes.