Fri, Jul 4, 2008
|
Delta Reports 2007 Financial ResultsFuel prices cited in 4th quarter loss of $105 million
ATLANTA, Jan. 23, 2008 – Delta Air Lines has reported results for the quarter and year ended Dec. 31, 2007. Delta’s 2007 pre-tax income was $1.8 billion. Excluding reorganization related and certain items, pre-tax income was $625 million, a $1.1 billion improvement compared to 2006. Due to a 26% rise in fuel price, Delta reported a pre-tax loss for the fourth quarter of $105 million. Delta ended the year with $3.8 billion in unrestricted liquidity, including $1 billion available under its revolving credit facility. Delta employees will receive $158 million in profit sharing in recognition of their critical role in achieving significant financial improvements in 2007. Delta reported pre-tax income of $1.8 billion in 2007. Excluding reorganization related and certain items, pre-tax income was $625 million, a $1.1 billion improvement compared to 2006. As a result of the unprecedented increase in jet fuel prices from $2.31 to as high as $2.77 per gallon, Delta reported a pre-tax loss for the quarter of $105 million, an $80 million improvement compared to the prior year period excluding reorganization items. Delta’s net income for the year was $1.6 billion, or $418 million excluding reorganization related items. Delta reported a net loss of $70 million for the fourth quarter, or $0.18 per diluted share. Most Popular |
Stock QuotesWeatherWeather
Current Temp:
64 °
Wind:
6 MPH
Currently:
Partly Cloudy
|
Most Popular |

