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Delta Air Lines manages $7M profit in 4Q

Delta Air Lines manages $7M profit in 4Q

Delta says its fourth-quarter profit was nearly wiped out by Superstorm Sandy in the U.S. and special charges.
The world's second largest airline recorded a profit of $7 million for the quarter, or a penny per share. During the same period last year it earned $425 million, or 51 cents per share.
U.S.-based Delta says that without special items it would have earned $238 million, or 28 cents per share.
Revenue rose 2 percent to $8.6 billion. Both adjusted profit and revenue were slightly better than expected by analysts surveyed by FactSet.
Superstorm Sandy hurt revenue by $75 million. The storm slowed down the re-opening of Delta's new oil refinery, causing a $63 million loss.
Shares of Delta Air Lines Inc. are up a penny to $13.62 in premarket trading.


Updated : 2021-03-09 04:10 GMT+08:00