The Atlanta-based airline earned $4.8 billion in 2019, up 21% from a year ago, as the fourth quarter easily topped both its own guidance and Wall Street forecasts. Revenue rose 6% to $47 billion for the year, as the fourth quarter again beat forecasts.
“As we enter 2020, demand for travel is healthy and our brand preference is growing, positioning Delta to deliver another year of strong results,” said CEO Ed Bastian.
Delta said it expects revenue in the first quarter to be up between 5% and 7%, driven largely by higher passenger numbers rather than higher fares.
The good news for Delta translates into good news for its 90,000 employees, who will receive a record $1.6 billion in profit sharing bonuses, up about 23% from a year ago.