Delta makes $357 M profit in Q3
10-21-2014 | 10:19 AM
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Gets Weekends Off
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Delta makes $357 M profit in Q3
(Reuters) - Delta Air Lines beat Wall Street analysts' expectations, with a quarterly profit of $1.20 per share, versus an anticipated $1.18.
Overall quarterly profit fell 74 percent to $357 million, partly due to a jump in operating expenses, including the elimination of debt.
Operating revenue increased 6.6 percent rise to $11.18 billion in the third quarter ended Sept. 30, helped by strong U.S. business and leisure travel.
Traffic increased 3.7 percent.
Read more: Delta Airlines Profits Tumbles - Business Insider
Overall quarterly profit fell 74 percent to $357 million, partly due to a jump in operating expenses, including the elimination of debt.
Operating revenue increased 6.6 percent rise to $11.18 billion in the third quarter ended Sept. 30, helped by strong U.S. business and leisure travel.
Traffic increased 3.7 percent.
Read more: Delta Airlines Profits Tumbles - Business Insider
10-21-2014 | 01:35 PM
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"Results include $384 million in profit sharing expense in recognition of Delta employees' contributions toward achieving the company's financial goals, which makes a year-to-date profit sharing accrual of $823 million.
Delta generated $910 million of free cash flow during the September 2014 quarter. The company used its strong cash generation in the quarter to reduce its adjusted net debt to $7.4 billion and return $325 million to shareholders through dividends and share repurchases."
Delta generated $910 million of free cash flow during the September 2014 quarter. The company used its strong cash generation in the quarter to reduce its adjusted net debt to $7.4 billion and return $325 million to shareholders through dividends and share repurchases."
10-21-2014 | 04:55 PM
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Somewhat misleading article. Delta actually reported $1.6 billion profit before special items. One of those being $384 Million to the profit sharing pool. Results were $413 million better than same time last year.
Someone posted 6 or 7 different articles about the quarter with all having different numbers and reactions.
Someone posted 6 or 7 different articles about the quarter with all having different numbers and reactions.
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