Tue, Oct 16, 2007
Delta Air Lines Reports $363 Million Pre-tax Income for
September '07 Quarter
Delta Airlines
'successful international expansion' is apparently the driving
force behind their 'highest quarterly operating revenue ever."
This, of course, will not be ignored when Delt's labor force
agreements come up for renegotiation over the next few years. We
can just imagine THOSE headlines... but we digress.
The Delta Air Lines results for the quarter
(ending) Sept. 30, 2007, 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.
"I want to thank my Delta colleagues for their efforts in
delivering strong improvements to our financial and operational
performance," said Richard Anderson, Delta's chief executive
officer.
"As these results demonstrate, Delta has emerged as a leader in
the airline industry and we intend to maintain that position. We
have significant opportunities in front of us as our financial
improvements, combined with the power of our people, route network
and balance sheet, give us tremendous flexibility and strength as
the industry continues to evolve."
More News
Runway Lead-in Light System Runway Lead-in Light System Consists of one or more series of flashing lights installed at or near ground level that provides positive visual guidance a>[...]
Aero Linx: Aviation Without Borders Aviation Without Borders uses its aviation expertise, contacts and partnerships to enable support for children and their families – at hom>[...]
Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]
From 2010 (YouTube Version): Yeah.... This IS A Really Cool Job When ANN's Nathan Cremisino took over the lead of our Aero-TV teams, he knew he was in for some extra work and a lot>[...]
Also: Junkers A50 Heritage, Montaer Grows, Dynon-Advance Flight Systems, Vans' Latest Officially, the Carbon Cub UL and Rotax 916 iS is now in its 'market survey development phase'>[...]