News

Delta Announces December Quarter Profit

Delta Announces December Quarter Profit

Delta Air Lines has reported financial results for the December 2012 quarter.

Delta Air Lines 2

Key points include:

  • Net income for the December 2012 quarter was US$238 million, or $0.28 per diluted share, excluding special items. Results include the $100 million negative impact of Superstorm Sandy on airline and refinery operations.
  • Net income for 2012 was $1.6 billion, excluding special items, a $362 million increase over 2011.
  • GAAP net income was $7 million, or $0.01 per diluted share, for the December 2012 quarter and $1.0 billion for 2012.
  • Unit revenues were up 4.3% for the quarter and the company’s unit revenue gains have outperformed the industry for 21 consecutive months.
  • 2012 results include $372 million in profit sharing expense, including $63 million in the December quarter, recognising Delta employees’ contributions toward meeting the company’s financial goals.
  • Adjusted net debt at the end of 2012 was $11.7 billion, a $5.3 billion reduction from 2009.

“Our December quarter profit caps off a successful 2012 for Delta with strong financial results, industry-leading operational performance, and across the board improvements in customer satisfaction,” said Richard Anderson, Chief Executive. “I want to thank our employees and I look forward to recognising them next month with $372 million of profit sharing for 2012.”

“We enter 2013 as a stronger airline, with initiatives in place to build on our 2012 success. In the year ahead, we will advance our position around the world and continue to build a better airline for our shareholders, customers and employees.”

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Mary McKenna: Fundraising Cyclist and Soccer Sponsor

Neil SteedmanSeptember 17, 2019

Win Two Tickets to Lisbon with TAP Air Portugal

Michael FloodSeptember 17, 2019

Which Airline Has the Best Premium Economy Class?

Neil SteedmanSeptember 17, 2019

No Change for UK Passport Holders at Dublin Airport Immigration If UK Leaves EU Without a Deal

Neil SteedmanSeptember 17, 2019

Coco Collection and Qatar Airways Promote in Dublin

Michael FloodSeptember 17, 2019

Emirates Skywards Celebrates Reaching 25 Million Members

Michael FloodSeptember 17, 2019

Norwegian Air International Drops More Flights from Ireland

Michael FloodSeptember 17, 2019

Etihad Refreshes Website with Faster Loading Pages

Neil SteedmanSeptember 17, 2019

ITTN’s Great Value Travel Deals – 12th September 2019

Neil SteedmanSeptember 12, 2019

Copyright © 2019 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland