Delta Air Lines, a major Atlanta- based airline, experienced an incredible second quarter profit as its fuel expense dropped $710 million year-over-year, or $288 million excluding market-to-market adjustments. Because fuel prices dropped significantly, Delta's revenue came in at $9.7 billion, flat; it's net income reached $685 million, N/M; and it's earnings per share equaled 80 cents, N/M.
Delta CEO Richard Anderson, pleased with the June operational and financial performance, looks forward to building on this momentum and spoke of his gratitude for Delta employees worldwide. Because of the program's great work, their efforts led to $138 million in Delta's profit sharing program this year along with $45 million of Shared Rewards.
With significant progress and expansion ahead of Delta Air Lines, like the addition of Terminal 4 at John F Kennedy International Airport in New York, Anderson looks forward to expanding their margins, cash flows and profitability in the future. He believes that additions like the Virgin Atlantic joint venture and their quarterly dividend and share repurchase program will not only increase profit but also help to continue building an even better airline for Delta employees, customers and shareholders.
Written by New South Publishing intern Jordana Klein
