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Delta Air Lines posts USD 1.2bn of Q3 net profit

Atlanta USA-based carrier Delta Air Lines (NYSE: DAL) said that its net profit for the September 2013 quarter was USD 1.2bn or USD 1.41 per diluted share excluding special items. This result is a USD 444m improvement year-over-year, the firm said.

Including USD 157m in special items, Delta´s GAAP net income was USD 1.4bn or USD 1.59 per diluted share. The company began returning capital to shareholders, with USD 100m in share repurchases and USD 51m in dividend payments.

September quarter results include USD 249m of profit sharing expense in recognition of Delta employees´ contributions to the company´s financial performance.

Delta generated USD 1.2bn of operating cash flow and USD 627 m of free cash flow in the September 2013quarter, and ended the period with adjusted net debt of USD 9.9bn.

Delta Air Lines and the Delta Connection carriers offer service to 312 destinations in 56 countries on six continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft.

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