A Delta Airlines Boeing 757-200 takes off. [Courtesy: Delta Airlines]
Key Takeaways:
Delta Air Lines achieved its first profitable year in two years in 2021, posting a $208 million profit largely due to $4.5 billion in federal aid.
Despite an overall loss in Q4 2021 and expected early 2022 losses due to Omicron, Delta forecasts a return to profitability by March and a "meaningful profit" for the full year 2022, driven by strong travel demand.
The airline plans to hire 100-200 pilots per month through 2023, primarily for regional roles, and announced a special $1,250 profit-sharing payment for eligible employees.
Last year was the first profitable year in two years for Delta Air Lines (NYSE: DAL) which announced its fourth-quarter and calendar-year 2021 financial results on Thursday.
The company says its profit was $208 million, bolstered by $4.5 billion in federal aid funding which kept the airlines afloat at the height of the pandemic.
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
