Delta boosts earning to $425 million in Q4
Jan. 25, 2012, Atlanta, Ga. - Delta says it earned $425 million in the fourth-quarter as it raised prices in the critical holiday season while reducing flying to keep costs low.
January 25, 2012 By The Associated Press
The Atlanta airline said its profit amounted to 50 cents per share. Excluding one-time gains and losses, it earned 45 cents per share in the most recent quarter. In the same period a year earlier, it earned just $19 million, or 2 cents per share.
Revenue rose 8 per cent to $8.4 billion. Fuel expenses rose 5 per cent. Other costs were flat. The money it made to fly a passenger a single mile rose 12 per cent due to higher fares.
Analysts polled by FactSet Research expected Delta Air Lines Inc. to earn 37 cents per share on revenue of $8.32 billion.