Delta Air Lines announces December 2017 profit



Delta Air Lines (NYSE: DAL) has reported financial results for the December quarter 2017, the company said.

Adjusted pre-tax income for the December 2017 quarter was USD 1.0 billion, despite a USD 60 million impact from the combination of December´s power outage at Atlanta´s Hartsfield-Jackson Airport and Winter Storm Benji. For the full year, adjusted pre-tax income was USD 5.5 billion, a USD 621 million decrease relative to 2016.

Delta´s operating revenue of USD 10.2 billion for the December quarter was up 8.3 percent, or USD 787 million versus prior year. Total unit revenues excluding refinery sales increased 4.4 percent for the December quarter.

Passenger revenue increased USD 527 million, including USD 200 million from Delta´s Branded Fares initiatives. Passenger unit revenues increased 4.2 percent, including 0.5 points from one-time revenue adjustments, on 2.3 percent higher capacity.

Cargo revenue increased 14.4 percent, driven by higher volumes and yields. Other revenue improved 17.9 percent primarily due to higher loyalty revenue and a USD 150 million increase in third-party refinery sales.

For the full year, Delta´s operating revenue of USD 41.2 billion was up 4.0 percent, or USD 1.6 billion versus prior year. Total unit revenues excluding refinery sales increased 2.4 percent on 1.0 percent higher capacity.

Delta Air Lines serves more than 180 million customers each year. In 2017, Delta was named to Fortune´s top 50 Most Admired companies in addition to being named the most admired airline for the sixth time in seven years. Additional information is available on the Delta News Hub, as well as delta.com, Twitter @DeltaNewsHub, Google.com/+Delta, and Facebook.com/delta.