Delta Air Lines, Inc. (NYSE:DAL) Q4 2023 Earnings Conference Call January 12, 2024 10:00 AM ET

Company Participants

Julie Stewart – Vice President of Investor Relations

Ed Bastian – Chief Executive Officer

Glen Hauenstein – President

Dan Janki – Chief Financial Officer

Tim Mapes – Senior Vice President and Chief Communications Officer

Conference Call Participants

Michael Linenberg – Deutsche Bank

Helane Becker – TD Cowen

Jamie Baker – JPMorgan

Conor Cunningham – Melius Research

Stephen Trent – Citi

David Vernon – Bernstein

Ravi Shanker – Morgan Stanley

Duane Pfennigwerth – Evercore ISI

Brandon Oglenski – Barclays

Andrew Didora – Bank of America

Savi Syth – Raymond James

Ted Reed – Forbes

Kelly Yamanouchi – Atlanta Journal-Constitution

Leslie Josephs – CNBC

Mary Schlangenstein – Bloomberg News

Alison Sider – Wall Street Journal

Robert Silk – Travel Weekly

Operator

Good morning, everyone, and welcome to the Delta Air Lines December Quarter and Full Year 2023 Financial Results Conference Call. My name is Matthew, and I will be your coordinator. At this time, all participants are in a listen-only mode until we conduct a question-and-answer session following the presentation. As a reminder, this call is being recorded. [Operator Instructions]

I would now like to turn the conference over to Julie Stewart, Vice President of Investor Relations. Please go ahead.

Julie Stewart

Thank you, Matthew, and good morning. Thanks for joining us for our December quarter and full year 2023 earnings call. Joining us from Atlanta today are our CEO, Ed Bastian; our President, Glen Hauenstein; and 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 and our balance sheet. After the prepared remarks, we’ll take analyst questions. We ask that you please limit yourself to one question and a brief follow-up so that we can get to as many of you as possible. After the analyst Q&A, we’ll move to our media questions.

As a reminder, 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, ir.delta.com.