Delta Air Lines (NYSE: DAL) Tuesday reported financial results for the December quarter and full year 2023 and provided its outlook for the March quarter and full year 2024. The press release issued to the Ghana News Agency by Kingdom Concepts Consult, in Accra, said Delta delivered industry-leading operational performance and financial results in December quarter. It generated record full year revenue and over $5 billion of pre-tax income, a near doubling over 2022; Guiding to 2024 free cash flow of $3 to $4 billion, an improvement of up to $2 billion over 2023. Delta Air Lines expects record March quarter revenue on improving domestic environment and continued strength in international demand, with solid profitability, according to the release. '2023 was a great year for Delta with industry-leading operational and financial performance, said Ed Bastian, Delta's chief executive officer. 'Our people and their commitment to deliver unmatched service excellence for our customers is at the foundation of De lta's success. We are thrilled to recognize their outstanding work with $1.4 billion in profit sharing payments next month.' The CEO added: 'In 2024, demand for air travel remains strong and our customer base is in a healthy financial position with travel a top priority. We expect to grow full year earnings to $6 to $7 per share and generate free cash flow of $3 to $4 billion, further strengthening our financial foundation.' Highlights of the December quarter and full year 2023, including both GAAP and adjusted metrics, are on page six and incorporated here. Source: Ghana News Agency RUNDU: The president of the Popular Democratic Movement (PDM), McHenry Venaani, has urged the Ministry of Agriculture, Water and Land Reform to modernise maize production for self-sufficiency. In a media statement issued on Monday, Venaani said Namibia imported approximately 82 000 tonnes of maize in 2023 alone. 'With reports of a mere 42 per cent harvest projected for 2023/24, leaving almost 60 per cent of our white maize needs unmet, it's time to move beyond rhetoric,' he said. Venaani proposed drought-tolerant maize varieties since crops hold the key to mitigating climate risks and reducing harvest failures - a common plight in sub-Saharan Africa. He emphasised the urgency of the matter, reminding the ministry of the nearly 580 000 Namibians facing acute food insecurity. 'Their plight is not a statistic, it's a call to action. The PDM believes mechanisation and modernisation are not just promises, but cornerstones of a food-secure future,' he stated. The PDM leader said investing in modern maize tech nologies would not only fill empty plates but also create robust value chains and jobs. 'A transformed agricultural sector could be the engine of our economy, alleviating poverty and driving prosperity,' he noted. Source: The Namibia Press Agency
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