Delta achieves important financial milestone and achieves fully investment grade balance sheet

Delta recently hit a major financial milestone by earning an investment-grade rating from S&P Global Ratings, a prestigious credit rating agency. This upgrade reflects Delta’s solid financial prospects and performance. After S&P’s announcement, Delta is now officially recognized as investment grade by all three credit agencies, highlighting the company’s commitment to strengthening its balance sheet by reducing debt.

Dan Janki, Delta’s chief financial officer, expressed excitement about this achievement, stating that it sets Delta on a path to making 2024 its most profitable year as the company approaches its 100th anniversary. Delta attributes this success to the dedication of its team and their focus on delivering exceptional service to customers, setting Delta apart from its competitors.

At Delta’s recent Investor Day event, the company provided insights into its future financial goals and long-term strategies, which contributed to S&P’s decision to raise Delta’s credit rating. As part of the review process, S&P acknowledged Delta’s efforts to enhance its financial resilience and maintain credit measures consistent with its rating.

By achieving investment grade status, Delta has met a crucial goal outlined in its recovery plan after the pandemic. S&P recognized Delta’s ability to withstand market volatility and improve its earnings and cash flow over the past few years. The report also noted Delta’s success in expanding premium, loyalty, and international revenue streams, projecting continued growth in these areas.

Delta now joins a select group of airlines holding an investment-grade rating from all three credit agencies, showcasing its financial stability and industry leadership. Looking ahead, Delta aims to sustain its strong financial performance and capitalize on evolving travel demand, positioning the company for long-term success.

It’s important to note that forward-looking statements made by Delta involve risks and uncertainties that could impact actual results. These include factors such as fuel costs, disruptions in operations, regulatory compliance, and market conditions. Despite these challenges, Delta remains focused on delivering value to customers and investors while navigating the complexities of the airline industry.