Delta Reports Record Profits

Delta Air Lines reported another quarter of record profit, solid margin expansion and nearly $1 billion of free cash flow, according to Richard Anderson, Delta's chief executive officer. Anderson also said Delta expects a record fourth quarter of 2014 with an operating margin of 10-12 percent.

"For the full year, we expect a pre-tax profit in excess of $4 billion. We have the right foundation in place for an even stronger 2015," Anderson said.

Delta reported pre-tax income for the September 2014 quarter of $1.6 billion, excluding special items, an increase of $431 million over the September 2013 quarter. Delta's net income for the September 2014 quarter was $1.0 billion and its operating margin was 15.8 percent, excluding special items.

DAILY NEWS & DEALS NEWSLETTER

Like this story? Subscribe to Daily News & Deals!

Featuring breaking news on the latest product launches, deals, sales promotions, and executive appointments. Be sure to sign-up for this free industry daily newsletter.

On a GAAP basis including special items, Delta's pre-tax income was $579 million, operating margin was 7.5 percent and net income was $357 million. Delta also said it generated $910 million of free cash flow during the September 2014 quarter. The company said it used its cash generation in the quarter to reduce its adjusted net debt to $7.4 billion and return $325 million to shareholders through dividends and share repurchases.

Visit www.Delta.com

Read more on:

Suggested Articles:

While 32 percent of Americans say they "definitely" will fly again in 2020, another 35 percent are on the fence. Learn more here.

The Rwanda Development Board has announced that commercial flights will once again be welcomed back into the country starting August 1, 2020. 

Airlines for America members are implementing health acknowledgment policies and procedures for passengers to help prevent the spread of COVID-19.