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Delta Reports September Quarter ProfitOctober 25, 2012 By: Newswire Travel Agent
Delta Air Lines reports financial results for the September 2012 quarter, including net income, excluding special items, of $768 million. Delta's September 2012 quarter GAAP net income was $1.0 billion, including mark-to-market gains on open fuel hedges and other special items.
Delta said its unit revenues were up 3 percent for the quarter and the company has produced a unit revenue premium to the industry for eighteen consecutive months. Results included $174 million in profit sharing expense, for a total of $309 million year to date.
"Delta's strong September quarter results combined with industry-leading operations and customer service reflect an improved industry structure and our consistent investment in the business; we will continue on this path as we progress into 2013," said Richard Anderson, Delta's chief executive officer.
"With a more stable financial foundation, we have moved our focus beyond short-term profit gains to positioning ourselves for long-term margin expansion, sustained profitability and shareholder returns, " Anderson said.