Delta Airlines: Q3 exceeds expectations

(CercleFinance.com) - Delta Airlines has posted Q3 adjusted net income of 1.
2 billion dollars, meaning adjusted EPS that is up 16% at 1.80 dollars, six cents above the consensus.

The Atlanta based airline posted an 8% increase in operating revenues to 11.8 billion dollars, a record level, supported by premium ticket revenues that were up nearly 20%.

“Our solid eight percent revenue growth, combined with flat non-fuel unit cost performance, helped offset 85 percent of the $655 million fuel cost increase in the quarter.” said Ed Bastian, Delta's Chief Executive Officer.


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