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Delta Announces US$1.2bn Profit for 2011

Delta Announces US$1.2bn Profit for 2011

Delta Air Lines has reported financial results for the December 2011 quarter. Key points include:

  • Net income for the December 2011 quarter was $379 million, or $0.45 per diluted share, excluding special items. This is a $221 million improvement year over year.
  • Net income for 2011 was $1.2 billion, excluding special items, as the company offset $3 billion higher fuel expense through strong revenue performance and its fuel-hedging programme.
  • GAAP net income was $425 million, or $0.50 per diluted share, for the December 2011 quarter and $854 million for 2011.
  • 2011 results include $264 million in profit sharing expense, including $89 million in the December quarter, recognising Delta employees’ contributions toward meeting the company’s operating and financial goals.
  • Adjusted net debt at the end of 2011 was $12.9 billion, a $4.1 billion reduction from 2009.
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NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 50 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 40 years.

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