Delta records “outstanding” billion-dollar profit

Delta records “outstanding” billion-dollar profit

Airline generates US$1.2 billion in three months to September

Airline generates US$1.2 billion in three months to September

Photo by Joe Seer
Photo by Joe Seer

Delta Air Lines has registered a US$1.2 billion net profit for the third quarter of 2013.

The Atlanta-based airline improved its result from the same period last year by US$444 million, with a combination of higher revenues and lower fuel costs. Delta’s CEO, Richard Anderson, called the performance “outstanding”.

“These results reflect the progress we’ve made over the last five years, and we have even more exciting opportunities ahead of us as we build a better airline for our customers, employees and investors,” he said.

The airline’s total revenue increased US$567 million in the three months to September 2013, reaching US$10.5bn, while fuel expenses declined US$81 million.

In terms of operating performance, Delta’s passenger traffic, measured in revenue passenger miles (RPM), increased 2%, pushing passenger revenues up 7% to US$9.3bn. The airline’s fleet size expanded from 725 to 900 aircraft

For the first three quarters of 2013, Delta has now generated net profits of US$2.1bn, on revenues of US$20.2bn.

Mark Elliott
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Mark Elliott
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