Delta produces a third quarter net profit of $765 million

Delta Air Lines (Atlanta) reported financial results for the third quarter. Key points include:

1. Delta’s net income for the September 2011 quarter was $765 million, or $0.91 per diluted share, excluding special items(1).

2. Delta’s GAAP net income was $549 million, or $0.65 per diluted share, for the September 2011 quarter.

3. Strong top line revenue growth of 10% year over year helped offset the $1 billion impact of higher fuel prices.

4. Results include $167 million in profit sharing expense, in recognition of Delta employees’ achievements toward meeting the company’s financial targets, bringing total profit sharing expense for the year to date to $175 million.

5. The company ended the September 2011 quarter with $5.1 billion in unrestricted liquidity.

Copyright Photo: Tony Storck.

Delta Slide Show: CLICK HERE