WASHINGTON, Oct 22 (Reuters) - Delta Air Lines Inc (
DAL.N), the world's biggest airline, reported a quarterly net loss on Thursday due to special charges, but
operating earnings beat Wall Street expectations.
Delta, which merged with Northwest Airlines last year, said its loss was $161 million, or 19 cents per share, including $212 million in special charges.
Excluding the charges, the company reported a profit of 6 cents per share. Analysts on average had expected a loss of 5 cents per share, according to Thomson Reuters I/B/E/S. (Reporting by
John Crawley; editing by John Wallace)
What profit drives our profit sharing? Is it operating profit, net profit, gross profit, make believe profit, or profit less special one time charges? Which by the way we seem to come up with new ones every quarter - no lack of management creativity here.
I remember the big argument when we were considering profit sharing was that the company could easily mask profits, to which the DALPA guys said we considered that and the type of "profit" our profit sharing was based on was not easily susceptible to manipulation.
Scoop