Delta Air Lines reports June 2018 net income of USD 1bn

Delta Air Lines has reported pre-tax income of USD 1.4 billion in June 2018, adjusted net income of $1.2 billion and adjusted earnings per diluted share of $1.77, the company said.

The company reported net income of $1.0 billion and earnings per diluted share of $1.47 on record revenue of $11.8 billion.

Delta returned $813 million to shareholders through dividends and share repurchases
Board of Directors approved 15 percent increase in dividend and declared $0.35 dividend for September quarter.

Adjusted pre-tax income for the June quarter 2018 was $1.6 billion, a $183 million decrease from the June 2017 quarter, as record revenues partially offset the approximately $600 million impact of higher fuel prices.

Total adjusted operating expenses for the June quarter increased $1.1 billion versus the prior year quarter, with more than half of the increase driven by higher fuel prices.

Delta Air Lines serves more than 180 million customers each year. Delta and the Delta Connection carriers offer service to 324 destinations in 57 countries on six continents. Headquartered in Atlanta, Delta employs more than 80,000 employees worldwide and operates a mainline fleet of more than 800 aircraft.