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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Delta Quarterly Profit More Than Doubles 0 comments
    Jan 21, 2014 11:22 AM | about stocks: DAL

    Originally published at www.seclive.com

    Delta Air Lines Inc. (NYSE:DAL) announced its fourth quarter 2014 financial results, posting profits that more than doubled from a year ago. Excluding one-time items, the company earned $558M and $0.65 per share, beating analyst expectations by $0.02 per share. Revenue increased 6% from $8.6B a year ago to $9.08B, beating expectations of $9.03B. Aircraft fuel expenses declined during the quarter though expenses increased 2%. Passenger revenue increased 9.4% in the U.S. and jumped up 18.5% in Latin America. CEO Richard Anderson commented that the quarter topped off a great year that demonstrated the company's profitability and customer relations. The company expects its net income to be reduced due to a 39% tax rate, which it intends to mitigate with an accounting technique that will offset taxes on $15B of future taxable income.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: DAL
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