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Delta reports best quarterly result in a decade, says CEO

Published :2010-07-20 12:16

 Wall Street analysts have been predicting a strong second quarter nearly across the board for airlines, and the first carrier to report, Delta, didn’t disappoint.

Delta reported a net profit today of $467 million for the quarter that ended in June, compared with a $257 million loss for the same three-month period a year ago. 

The airline also reported about $8.2 billion in revenue for the quarter, a 17% increase. 

Delta CEO Richard Anderson said, "Delta's profit this quarter is our best result in a decade."

Airline executives expect even stronger results through the rest of the year. 

"We are seeing strong improvements in these early stages of the economic recovery and believe there's room for more revenue growth as the economy continues to stabilize," said Delta President Ed Bastian. "We anticipate double-digit, year-over-year unit revenue gains for the September quarter."

Read the full at : http://www.travelweekly.com/article3_ektid217626.aspx

 
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