Print

Delta posts $467M 2Q profit

By The Associated Press
Posted 1:20PM on Monday 19th July 2010 ( 14 years ago )
ATLANTA - Delta Air Lines reversed a second-quarter loss with with what it says is its largest quarterly profit in a decade thanks to strong passenger revenue.

The world's largest airline said Monday its net income was $467 million, or 55 cents per share, in the April-June quarter. That compares to a loss of $257 million, or 31 cents a share, a year earlier.

It says revenue rose 17 percent to $8.17 billion from $7.00 billion a year earlier.

Excluding one-time items, Delta says its earnings came to 65 cents a share. On that basis, analysts were expecting earnings of 63 cents a share on revenue of $8.25 billion.

Delta had $6.0 billion in unrestricted liquidity as of June 30. Its third-quarter capacity will be flat to up 2 percent.

http://accesswdun.com/article/2010/7/230873

© Copyright 2015 AccessNorthGa.com All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.