Delta Air Lines’ second quarter net profit drops to $198 million

Delta Air Lines (Atlanta) reported net income for the second quarter of $198 million. The decline in profits was due to rising cost of fuel.

Delta is retiring 140 of Delta’s least efficient aircraft by the end of 2012, including the entire DC-9-51 fleet and SAAB 340B turbo-prop fleet, and 60 50-seat regional jets. Half of these aircraft will exit the fleet in 2011, which will contribute to the expected $250 million in maintenance savings for the second half of 2011 compared to the first half of the year.

Delta Slide Show: CLICK HERE

Copyright Photo: Gabor Hajdufi.