Delta’s net income for the quarter that ended Sept. 30 was $929 million, or $1.10 per diluted share, excluding special items.
The figure represents an $878 million improvement year over year. Delta’s net income for the quarter including special items was $363 million, or 43 cents per diluted share.
The results include $185 million in profit sharing expense, in recognition of Delta employees’ achievements toward meeting the company’s financial targets, bringing the total profit sharing expense for the year to date to $275 million. Delta also carried out $750 million in debt reduction initiatives during the quarter. The airline ended the September quarter with $5.5 billion in unrestricted liquidity.
“This quarter’s profit is evidence of the success of our merger,” Richard said. “We are making progress toward our goal of consistent profitability with 10-12% annual operating margins, and we expect to be profitable for the December quarter.
These results would not have been possible without the hard work and dedication of the Delta people,
The figure represents an $878 million improvement year over year. Delta’s net income for the quarter including special items was $363 million, or 43 cents per diluted share.
The results include $185 million in profit sharing expense, in recognition of Delta employees’ achievements toward meeting the company’s financial targets, bringing the total profit sharing expense for the year to date to $275 million. Delta also carried out $750 million in debt reduction initiatives during the quarter. The airline ended the September quarter with $5.5 billion in unrestricted liquidity.
“This quarter’s profit is evidence of the success of our merger,” Richard said. “We are making progress toward our goal of consistent profitability with 10-12% annual operating margins, and we expect to be profitable for the December quarter.
These results would not have been possible without the hard work and dedication of the Delta people,