Delta Air Lines reports June quarter 2022 profit

Delta Air Lines has reported operating revenue of $13.8bn and operating income of $1.5bn with operating margin of 11.0 percent for the June quarter. The airline’s operating cash flow was $2.5 billion with total debt and finance lease obligations reaching $24.8bn. Delta state that 82% of capacity was restored during the June 2022 quarter compared to pre-Covid levels. “With growing demand across our network in the June quarter, we recaptured higher fuel prices and delivered adjusted revenue recovery of 99 percent with unit revenues up 20.5 percent versus 2019.  We also delivered another record quarter of American Express co-brand remuneration, up