ATLANTA, Georgia: Delta Air Lines has said it will resume paying the quarterly dividends it suspended in March 2020 during the COVID-19 pandemic.
The dividend, worth $0.10 per share, will be paid on 7th August to shareholders as of the close of business on 17th July, the company added.
More than two years after suspending dividends during the pandemic, in December 2022 Southwest Airlines became the first major US carrier to reinstate its quarterly dividend.
Delta said that the resumption of its dividend payout highlights the progress on its three-year financial plan, which includes more than $10 billion of debt repayment over the past two years.
The airline is forecasting a strong summer travel demand and higher-than-expected profit for the quarter through June.
Airlines were prohibited from paying dividends or repurchasing stock as a condition of receiving $54 billion government assistance during the COVID-19 pandemic.
In March 2020, Delta paid a $0.4025 share dividend, its 27th consecutive dividend.