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Delta Air Lines Announces $1.2 Billion Annual Profit

Atlanta - Delta Air Lines is reporting financial results for the December 2011 quarter.

 

Key points include:

* Delta’s net income for the December 2011 quarter was $379 million, or $0.45 per diluted share, excluding special items1.  This is a $221 million improvement year over year.  

* Delta’s net income for 2011 was $1.2 billion, excluding special items, as the company offset $3 billion higher fuel expense through strong revenue performance and its fuel hedging program.

* Delta’s GAAP net income was $425 million, or $0.50 per diluted share, for the December 2011 quarter and $854 million for 2011.

* 2011 results include $264 million in profit sharing expense, including $89 million in the December quarter, recognizing Delta employees’ contributions toward meeting the company’s operating and financial goals.

* Delta’s adjusted net debt at the end of 2011 was $12.9 billion, a $4.1 billion reduction from 2009.

DOWNLOAD the FULL Financial report HERE

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