Delta Air Lines Inc. (DAL)

Income Statement
Quarterly Data

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Delta Air Lines Inc., Consolidated Income Statement (quarterly data)

USD $ in millions

	3 months ended	Dec 31, 2018		Sep 30, 2018		Jun 30, 2018		Mar 31, 2018		Dec 31, 2017		Sep 30, 2017		Jun 30, 2017		Mar 31, 2017		Dec 31, 2016		Sep 30, 2016		Jun 30, 2016		Mar 31, 2016		Dec 31, 2015		Sep 30, 2015		Jun 30, 2015		Mar 31, 2015		Dec 31, 2014		Sep 30, 2014		Jun 30, 2014		Mar 31, 2014
	Passenger
	Cargo
	Other
	Operating revenue
	Aircraft fuel and related taxes
	Regional carriers expense, excluding fuel
	Contracted services
	Aircraft maintenance materials and outside repairs
	Landing fees and other rents
	Passenger service
	Aircraft rent
	Cost of operating revenue
	Gross profit
	Salaries and related costs
	Depreciation and amortization
	Ancillary businesses and refinery
	Passenger commissions and other selling expenses
	Profit sharing
	Other
	Operating income
	Interest expense, net
	Unrealized gain (loss) on investments, net
	Loss on extinguishment of debt
	Miscellaneous, net
	Non-operating expense, net
	Income before income taxes
	Income tax provision
	Net income

Item	Description	The company
Operating revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Delta Air Lines Inc.’s operating revenue increased from Q2 2018 to Q3 2018 but then declined significantly from Q3 2018 to Q4 2018.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Delta Air Lines Inc.’s operating income declined from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Delta Air Lines Inc.’s income before income taxes increased from Q2 2018 to Q3 2018 but then slightly declined from Q3 2018 to Q4 2018 not reaching Q2 2018 level.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Delta Air Lines Inc.’s net income increased from Q2 2018 to Q3 2018 but then slightly declined from Q3 2018 to Q4 2018 not reaching Q2 2018 level.

	Delta Air Lines Inc.	Other companies (not purchased previously)
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
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Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

Delta Air Lines Inc. (DAL)

Income StatementQuarterly Data

Income Statement
Quarterly Data