Delta Air Lines December income up

22 January 2014

Delta Air Lines (NYSE: DAL) reported its net income for the December 2013 quarter was USD558m, or USD0.65 per diluted share.

Its net income for 2013 was USD2.7bn, a USD1.1bn increase over 2012. GAAP net income was USD8.5bn, or USD9.89 per diluted share, for the December 2013 quarter and USD10.5bn for 2013. These results include an USD8.0bn non-cash gain associated with the reversal of the company´s tax valuation allowance.

“Our December quarter profit caps off a successful year for Delta with strong profitability and margin expansion, industry-leading operations and significant improvements in customer satisfaction,” said Richard Anderson, Delta´s chief executive officer.

A founding member of the SkyTeam global alliance, Delta participates in the industry´s leading trans-Atlantic joint venture with Air France-KLM and Alitalia. The airline´s service includes the SkyMiles frequent flier program, a world-class airline loyalty program; the award-winning BusinessElite service; and more than 50 Delta Sky Clubs in airports worldwide. Its website is at delta.com.

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