Delta Air Lines using less fuel, posting bigger profits - FOX 35 News Orlando

Delta Air Lines using less fuel, posting bigger profits

Posted: Updated:

ATLANTA (AP) -- Delta Air Lines is spending less on fuel these days, and that's helping the airline make money even though passengers aren't doing much more flying.
Delta said Wednesday that net income in the second quarter was $685 million, or 80 cents per share. That compares with a $168 million loss a year earlier, when the world's second-biggest airline was weighed down by accounting losses on fuel-price bets.
Excluding special items, Delta says it earned 98 cents per share. That beats analysts' forecast of 95 cents per share.
Revenue was about flat at $9.71 billion -- $300 million less than analysts expected -- as traffic rose only 0.5 percent.
Delta's fuel bill was $2.6 billion, or $710 million less than a year ago, when it took a $561 million fuel-hedging loss.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices