Delta Air Lines using less fuel, posting bigger profits - New York News

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 This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Hope's Land of Candy

    Hope's Land of Candy

    Monday, September 1 2014 8:13 PM EDT2014-09-02 00:13:34 GMT
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
  • Subway bedbug infestations on the rise

    Subway bedbug infestations on the rise

    Monday, September 1 2014 6:48 PM EDT2014-09-01 22:48:09 GMT
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
    It appears the subway bedbug problem we've been reporting is getting worse. Commuters already have to contend with sweltering platforms, scurrying rats and packed train cars, and now there's another transit woe: fear of bedbugs.
  • West Indian Day Parade steps off amid shootings

    West Indian Day Parade steps off amid shootings

    Monday, September 1 2014 6:05 PM EDT2014-09-01 22:05:47 GMT
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
Powered by WorldNow
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