Delta Air Lines has a profitable 4Q and 2010

Delta Air Lines’ net income for the fourth quarter 2010 was $158 million, or $0.19 per diluted share, excluding special items. This is a $383 million improvement year over year.

Delta’s net income for 2010 was $1.4 billion, excluding special items. Including $851 million in special items, Delta’s net income for 2010 was $593 million.

2010 results include $313 million in profit sharing expense, including $38 million in the December quarter, in recognition of Delta employees’ achievements toward meeting the company’s financial targets.

Delta’s adjusted net debt at the end of 2010 was $15.0 billion, a $2.0 billion reduction from prior year.

Delta ended 2010 with $5.2 billion in unrestricted liquidity.

Copyright Photo: David Neal.