Delta took delivery of 43 new aircraft in 2023, which are on average 28% more fuel efficient per seat mile than retired aircraft. They also entered into a new purchase agreement for 20 A350-1000 aircraft with an option for 20 more.

Delta is focused on expanding premium products such as Delta One and Delta Premium Select, and invested in new airport facilities, digital transformation, and customer service enhancements to improve the overall customer experience.

Delta continues to leverage strategic relationships with international airline partners, including Aeroméxico, LATAM, Air France-KLM, China Eastern, Korean Air, and Virgin Atlantic, to expand its global network and provide seamless travel experiences.

Delta was recognized for its operational performance, receiving the Cirium Platinum Award for the third consecutive year and being named the most on-time airline in North America by the Wall Street Journal.

Delta is rewarding employees with $1.4 billion in profit sharing payments for 2023, demonstrating the company's commitment to aligning employee interests with its financial success.

Delta outlined its roadmap to achieve net-zero greenhouse gas emissions by 2050, focusing on fleet renewal, future aviation technologies, fleet modification, waste reduction, and sustainable aviation fuel investments.

The company acknowledges the increasing threat of cyberattacks and the potential for breaches to compromise sensitive data, which could lead to legal liabilities, disruptions, and reputational damage.

Delta's results of operations are highly dependent on the price of aircraft fuel, which is volatile and subject to supply disruptions and geopolitical risks, which could materially affect the company's financial performance.

Delta's strategic relationships with other airlines and equity investments may not generate the expected financial results, and disruptions to these partners' operations could negatively affect Delta's network.

The airline industry is highly competitive, with significant competition from traditional network carriers, point-to-point carriers, and low-cost carriers, both domestically and internationally.

Joint ventures and alliances among U.S. and foreign carriers have increased the ability to sell international transportation and gain access to interior U.S. passenger traffic, intensifying competition in the market.

The airline industry is subject to extensive government regulation, including route authority, airport access, and labor regulation, which impacts the competitive landscape.

Total operating cost per available seat mile (CASM) decreased by 4% compared to 2022, primarily due to a 17% increase in capacity and lower fuel costs.

Non-fuel unit costs (CASM-Ex) increased by 2.3% in 2023, indicating some pressure on costs excluding fuel and refinery sales.

Delta is implementing initiatives to reduce waste and enhance ground operations, including a paperless gates initiative and the purchase of new electric ground support equipment.

Delta is investing in technological improvements to enhance the customer experience, support operations, and empower employees, including digital platforms, in-flight entertainment, and free Wi-Fi.

The company continues to evolve the Fly Delta app into a digital travel concierge and is creating a more seamless, contactless travel experience through technology investments.

Delta introduced Delta Sync, which will enable the creation of more personalized experiences over the next several years and further elevate the consumer experience across the travel journey.

Delta repaid approximately $4.1 billion in debt and finance lease obligations in 2023, demonstrating a commitment to strengthening the balance sheet and regaining investment grade metrics.

Delta reinstated a quarterly dividend program in 2023, with $0.10 per share payments in both the September and December quarters, signaling confidence in future cash flow generation.

Capital expenditures totaled $5.3 billion in 2023, primarily related to aircraft purchases, airport construction projects, fleet modifications, and technology enhancements.

Delta outlined its roadmap to achieve net-zero greenhouse gas emissions from airline operations by 2050, with short, medium, and long-term milestones.

Delta has been working to catalyze investment and stimulate SAF production by signing offtake agreements with various SAF producers and used over three million gallons of SAF in 2023.

Delta is focused on attracting, retaining, and developing diverse talent and promoting inclusion through education, training, and leveraging employee resource groups.

Delta experienced a 49% increase in international passenger revenue in 2023, with strong demand for transatlantic travel and leisure destinations in South America and the Caribbean.

The airline industry is highly competitive, with significant competition from traditional network carriers, point-to-point carriers, and low-cost carriers, both domestically and internationally.

Delta is subject to extensive environmental regulations, including those related to GHG emissions, PFAS, and noise, which could increase operating costs and require significant investments.