Delta 4Q profit rises after traffic gains

Written By Unknown on Selasa, 21 Januari 2014 | 23.46

DELTA is reporting better-than-expected fourth-quarter profit as fares and traffic rose.

Delta's yield - a key measure of what each passenger pays to fly one mile (1.6km) - rose four per cent.

Not counting a non-cash adjustment for taxes, Delta earned $US558 million ($A635 million), or 63 cents per share.

Revenue rose six per cent to $US9.08 billion.

Both were better than analysts expected, with one-time items excluded on profit.

Delta's net income was $US8.48 billion because of a one-time, $US8 billion accounting benefit related to taxes.

A year earlier, Delta earned $US7 million, or a penny per share, after Superstorm Sandy hurt profits.

Delta Air Lines Inc expects to boost the amount of flying it does by two per cent to three per cent during the current quarter.

Capacity rose just one per cent last year.


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