Delta Air Lines announces pre-tax income of $1.2b for Dec. quarter

Delta Air Lines has reported financial results for the December quarter and full year 2018 including both GAAP and adjusted metrics.    Adjusted pre-tax income for the December quarter 2018 was $1.2 billion driven by over $700 million of revenue growth, allowing the company to fully recapture the $508 million increase in adjusted fuel expense and produce an 11 percent adjusted pre-tax margin.  Adjusted earnings per share increased by 42 percent year over year to $1.30. For the full year, adjusted pre-tax income was $5.1 billion, a $137 million decrease…

Read More

Delta Air Lines announces September Quarter profit of $1.6b adjusted pre-tax income

Delta Air Lines has reported financial results for the September quarter 2018. Highlights of the results include $1.6 billion adjusted pre-tax income for the September quarter 2018 and adjusted earnings per share of $1.80, at the high end of guidance. Adjusted earnings per share were up 16 percent compared to the prior year quarter, driven by revenue momentum, tax reform benefits and a four percent lower share count.  Results reflect a $30 million negative impact from Hurricane Florence.   “Our solid eight percent revenue growth, combined with flat non-fuel unit…

Read More