Delta results beat expectations

Dino D'Amore
By Dino D'Amore January 22, 2015 11:33

Delta results beat expectations

Delta Air Lines’ fourth-quarter profit beat analysts’ estimates, which were boosted by a 39% decline in fuel prices (despite limits of fuel hedges) and strong domestic demand.

“As we begin 2015, we have a significant opportunity from lower fuel prices, which will drive more than $2 billion in fuel savings over 2014,” said Chief Executive Officer Richard Anderson.

Profit was 78 cents a share. Delta said its operating margin is forecast to be 11-13% in the first quarter. Delta expects its hedges to full-year 2015 earnings by $1.2 billion.

Dino D'Amore
By Dino D'Amore January 22, 2015 11:33