Delta Q3 Profit Grows Despite Fuel Costs
Press release from the issuing company
Tuesday, October 25th, 2011
Delta Air Lines today reported financial results for the September 2011 quarter. Key points include:
- Delta's net income for the September 2011 quarter was $765 million, or $0.91 per diluted share, excluding special items(1).
- Delta's GAAP net income was $549 million, or $0.65 per diluted share, for the September 2011 quarter.
- Strong top line revenue growth of 10% year over year helped offset the $1 billion impact of higher fuel prices.
- Results include $167 million in profit sharing expense, in recognition of Delta employees' achievements toward meeting the company's financial targets, bringing total profit sharing expense for the year to date to $175 million.
- The company ended the September 2011 quarter with $5.1 billion in unrestricted liquidity.
"We are successfully adapting Delta to the challenging economic environment by producing a solidly profitable quarter in the face of $1 billion of fuel price pressure," said Richard Anderson, Delta's chief executive officer. "Delta people worldwide are committed to building a leading global airline. We are pleased to recognize their contributions with $167 million this quarter for our profit sharing program and we appreciate their hard work."


