Skip to main content

On the day that new inflation figures showed that airline ticket prices are up 43% compared to a year ago, Delta Airlines announced record quarterly revenue and profits of $695 million.

The airline giant, which counts Minneapolis-St. Paul International Airport as one of its main hubs, announced that it generated a record $14 billion in revenue in the three months to the end of September.

Of that, it had pre-tax profits of $962 million, which worked out to $695 million in profits after tax.

While this remains a drop compared to the last pre-pandemic third quarter results in 2019, when Delta posted almost $1.5 billion in post-tax profits, it still represents a significant profit at a time when Americans are dealing with rising inflation, with Delta also having to contend with a 45% increase in fuel costs compared to 2019.

It also comes after a turbulent summer for the airline industry, with labor shortages forcing what CNBC described as "overambitious" airlines to pare back their schedules.

The latest inflation figures released Thursday showed an 8.2% year-on-year rise in consumer prices, and top of the price rises is in airline fares, which have risen 42.9% compared to last year as travel demand continued to recover from the depths of the COVID-19 pandemic.

In the three months between May and September, the average price of a domestic round trip hit $342, according to flight fare tracker Hopper – cited by CNBC – which is an 11% rise compared to 2019. 

In his company's statement Thursday, Delta CEO Ed Bastian said he expects Delta's fourth quarter revenue growth "to accelerate versus 2019" due to a continued shift in consumer demand to experiences, and "demand improves in corporate and international."

Next Up

snow, blowing snow

A monster storm is coming next week: What will happen?

What we know with high confidence at this point is that there will be a monster storm in the central U.S. by the early and middle part of next week.

police lights

Boy safe after kidnapping by non-custodial parent in Mankato

The search prompted the temporary shutdown of I-35 Tuesday night.


11 face charges after being found 'exploring' Fridley sewer system

A 911 caller reported seeing a group removing a manhole cover Monday night.


Man killed by St. Paul police ID'd by family, community demands answers

The man was identified as 24-year-old Howard Johnson.

Screen Shot 2022-12-07 at 7.38.02 AM

Quick shot of snow to impact morning commute in Twin Cities

Snow is moving into the metro Wednesday morning.


Body found in burned out car near Bird Island identified as local farmer

The deceased is a 59-year-old man from rural Bird Island.

Screen Shot 2022-12-06 at 2.47.44 PM

Minneapolis' Khâluna named in Eater's 2022 'Best New Restaurants'

The restaurant, opened in 2021, is known for its Laotian cuisine.

ambulance, crash

3 pedestrians struck by drivers Monday in Minnesota; 2 dead

The victims involved a 39-year-old man and two 74-year-old men.

snow, plow

Shifting storm tracks: Significant storms Friday, next week?

Sven Sundgaard has the details on an interesting forecast.


UnitedHealth Group

UnitedHealth Group posts quarterly profits of $4.1 billion

The Minnetonka-based health insurance giant is Minnesota's biggest company.


Delta makes it free to change and cancel most domestic flights

The airline has permanently eliminated change fees, among other pandemic-related changes.

Delta's profit sharing puts $87 million in the pockets of Twin Cities workers

Delta says its workers were paid a total of more than $1 billion through the profit sharing


Delta posts massive $5.7 billion loss, makes significant cuts to its workforce

The airline has taken a massive hit from the COVID-19 pandemic.


In crackdown on unruly passengers, Delta urges other airlines to share no-fly lists

The airline says it's a bid to "further protect airline employees across the industry."