Delta Air Lines
Q2 2022 Earnings Call
Jul 13, 2022, 10:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, everyone, and welcome to the Delta Air Lines June quarter 2022 financial results conference call. My name is Cody, and I'll be your coordinator. [Operator instructions] As a reminder, today's call is being recorded. I would now like to turn the conference over to Julie Stewart, vice president of investor relations.
Please go ahead.
Julie Stewart -- Vice President of Investor Relations
Thank you, Cody, and good morning, everyone. Thanks for joining us for our June quarter 2022 earnings call. Joining us today from Atlanta, our CEO, Ed Bastian; our president, Glen Hauenstein; our CFO, Dan Janki. Ed will open the call with an overview of Delta's performance and strategy.
Glen will provide an update on the revenue environment and Dan will discuss costs in our balance sheet. After the prepared remarks, we'll take analyst questions. [Operator instructions] Today's discussion contains forward-looking statements that represent our beliefs or expectations about future events. All forward-looking statements involve risks and uncertainties that could cause the actual results to differ materially from the forward-looking statements.
Some of the factors that may cause such differences are described in Delta's SEC filings. We'll also discuss non-GAAP financial measures, and all results exclude special items unless otherwise noted. You can find a reconciliation of our non-GAAP measures on the Investor Relations page at ir.delta.com. And with that, I'll turn the call over to Ed.
Ed Bastian -- Chief Executive Officer
Well, thank you, Julie, and good morning. We appreciate everyone joining us today. In a challenging operating environment for the entire industry, I want to thank our customers for their patience and understanding as we restore the reliability that you've come to expect from Delta. I'll speak more to the operation in a moment, but the good news is that we're making great progress to deliver the best-in-class experience that our customers deserve, and I'm pleased with our July performance to date.
This morning, we reported June quarter earnings per share of $1.44 with $1.4 billion of operating income and a 12% margin on revenues that were close to 2019 levels. Results improved throughout the quarter with revenue in the month of June 4% ahead of the June 2019 number with a June month operating margin of 16.5%. So it was only three and a half points lower than June of 2019 despite a near doubling in fuel prices and our schedule only 82% restored. We generated $1.6 billion in free cash flow in the quarter, which brings us close to $2 billion year to date, reflecting the robust demand environment and enabling further delevering as we work to regain an investment-grade balance sheet.