Delta Air Lines Reports $363 Million Pre-tax Income for September 2007 Quarter
Tuesday October 16, 7:00 am ET
Successful international expansion drives Delta's highest quarterly operating revenue ever
ATLANTA, Oct. 16, 2007 (PRIME NEWSWIRE) -- Delta Air Lines (NYSE
AL - News) today reported results for the quarter ended Sept. 30, 2007. Key points include:* Delta generated third quarter pre-tax income of $363 million on
operating revenue of $5.2 billion, the highest quarterly revenue in
company history.
* Net income for the September 2007 quarter was $220 million, or
$0.56 per diluted share.
* During the quarter, Delta continued to strengthen its balance
sheet, paying down more than $1.0 billion in debt obligations.
* Delta has accrued almost $160 million in profit sharing through the
September 2007 quarter, in recognition of the critical role of
Delta employees in achieving the company's financial targets.
Net income for the September 2007 quarter was $220 million, or $0.56 per diluted share. Delta's pre-tax income of $363 million reflects a more than $430 million improvement over the pre-tax loss of $69 million excluding reorganization items in the third quarter of 2006(1,2). Strong revenue improvements and continued cost benefits from restructuring produced the more than 5 point improvement in Delta's operating margin to 8.7% in the September 2007 quarter compared to the September 2006 quarter
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Way to Go!!
