DELTA ON ROUTE TO PROFIT

Dino D'Amore
By Dino D'Amore July 26, 2011 11:50

DELTA ON ROUTE TO PROFIT

Delta Air Lines has indicated it expects to report a profit tomorrow for the quarter after raising fares to cover the rising cost in fuel.

American Airlines parent AMR Corp. reported a loss last week, but United Continental Holdings Inc. and US Airways Group Inc. both reported profits.

Analysts expect Delta to report a profit of 46 cents per share on revenue of $9.16 billion. In the same period last year, Delta earned its largest quarterly profit in a decade — $467 million, or 55 cents per share. Revenue was up 17% to $8.17 billion.

Dino D'Amore
By Dino D'Amore July 26, 2011 11:50
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fdelta-on-route-to-profit%2F"> registered </a> users can comment.