71 - Delta Air Lines

A Below Wing Employee using a pallet lifter by the bay doors of an Airbus 330-300 (333). - These images are protected by copyright. Delta has acquired permission from the copyright owner to the use the images for specified purposes and in some cases for a limited time. If you have been authorized by Delta to do so, you may use these images to promote Delta, but only as part of Delta-approved marketing and advertising. Further distribution (including proving these images to third parties), reproduction, display, or other use is strictly prohibited. Caryn Oxford

Delta’s Ed Bastian has just celebrated his first anniversary as CEO and in a short time has established a warmer, less in-your-face leadership style than his predecessor, the legendary Richard Anderson. Where Anderson had punctuated the company’s outstanding performance metrics with sharp elbows thrown at competitors, bureaucrats, and regulators alike, Bastian has chosen a more moderate path. He has impressed employees with his personal touches, like two public apologies after a massive IT meltdown last summer and weather-related service disruptions grounded thousands of flights over a nightmarish five days this spring. One immediate benefit to Bastian’s approach is an expanded presence in key Asian markets. He successfully mended fences with Korean Air, smoothing a longstanding rift over revenue share and pricing as members of the SkyTeam Alliance. In the new relationship, the two airlines can begin selling each other’s tickets for certain flights, and in June, Delta launches a new non-stop flight from Atlanta to Seoul. The company cited fuel prices for its most recent revenue dip for the quarter ending in March it reported $847 million, a $713 million decrease from the March 2016 quarter. Still, the bumps may be behind it. Delta’s passenger unit revenue for May increased 3.5% year over year.

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$39639
Revenue Percent Change-2.6%
Profits ($M)$4,373.0
Profits Percent Change-3.4%
Assets ($M)$51261
Market Value — as of March 31, 2017 ($M)$33,586
Previous Rank68

Company Facts

HQ LocationAtlanta, GA
CEOEdward H. Bastian
CEO Title-
Years on Fortune 500 List23

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