clear
Saturday May 30th, 2015 6:44PM

Delta 4Q profit rises after traffic, fare gains

By The Associated Press
MINNEAPOLIS (AP) -- Delta Airlines is reporting better-than-expected fourth-quarter profit as fares and traffic rose.

Delta's yield - a key measure of what each passenger pays to fly one mile - rose 4 percent.

Not counting a non-cash adjustment for taxes, Delta earned $558 million, or 63 cents per share. Revenue rose 6 percent to $9.08 billion. Both were better than analysts expected, with one-time items excluded on profit.

Delta's net income was $8.48 billion because of a one-time, $8 billion accounting benefit related to taxes.

A year earlier, Delta earned $7 million, or a penny per share, after Superstorm Sandy hurt profits.

Delta Air Lines Inc. expects to boost the amount of flying it does by 2 percent to 3 percent during the current quarter. Capacity rose just 1 percent last year.
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 4 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 4 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 4 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 4 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 4 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 4 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 4 months ago )
Local/State News
Officer in fatal Smyrna shooting returns to work
Police in suburban Atlanta say an officer who fatally shot a man while serving a warrant has returned to work.
By The Associated Press
4:00PM ( 2 hours ago )
Forsyth Co. deputies ID two separate fatal crash victims
Forsyth County authorities have released the identities in two fatal crashes that happened on Friday.
1:20PM ( 5 hours ago )
Suwanee looking for new Planning Division Director
The city of Suwanee is looking for a new Planning Division Director after the departure of Matt Dickison.
By Brian Stewart
12:30PM ( 6 hours ago )
Gainesville first-time UI claims down 45+ pct; state numbers at lowest level since 2000
The number of initial claims for unemployment insurance in April in Georgia hit the lowest level since June 2000, with Gainesville among the places leading the way.
By AccessWDUN Staff
11:30AM ( 7 hours ago )
Former Maryland Gov. Martin O'Malley enters Democratic race for president
BALTIMORE (AP) — Former Maryland Gov. Martin O'Malley enters Democratic race for president.
10:58AM ( 7 hours ago )