Delta Air Lines Declares $0.1875 Dividend, Orders 31 Airbus Wide-Body Jets
Delta Air Lines approved a $0.1875 quarterly dividend payable March 19 to shareholders of record Feb. 26, marking its third straight annual increase and 25% year-over-year growth. The airline ordered 31 Airbus wide-body jets—16 A330-900s and 15 A350-900s—with deliveries from 2029, converting 10 options and adding 20 more.
1. Quarterly Dividend Approved
Delta Air Lines board authorized a $0.1875 per share quarterly dividend payable March 19 to shareholders of record February 26, marking the third straight annual increase and a 25% boost in dividend payouts year-over-year.
2. Major Airbus Wide-Body Order
The airline firmed orders for 31 Airbus wide-body jets—16 A330-900s and 15 A350-900s—with deliveries scheduled from 2029, converting 10 existing options and securing options on 20 additional aircraft for medium and long-haul routes.
3. Fleet Modernization Strategy
Delta’s commitment to newer fuel-efficient models aims to replace aging Boeing 767s and early-generation A330s, reduce fuel burn and operating costs, and capitalize on resilient premium international travel demand.