![]()
| As of Friday, November 27th: |
LATEST EARNINGS RESULTS
- Global Selloff From Dubai Shows Signs of Winding Down
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Tiger Woods Out of Hospital After Accident
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Dubai's Debt Woes Signal New Era for Creditors
- Get Paid Six Figures to Wear a T-Shirt?
- The World's Biggest Debtor Nations
- Five Tips for Buying a Foreclosed Home
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Get Paid Six Figures to Wear a T-Shirt?
- Dubai Spooks Investors But May Bring Buying Opportunity
- Global Selloff From Dubai Woes Shows Signs of Winding Down
- Longer Lines, Fuller Carts This Black Friday
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- 8 Retailers that Gain During the Holidays
Delta Air Lines, which emerged from bankruptcy at the end of April, posted higher-than-expected quarterly profit Tuesday, boosted by international flying.
The earnings from Delta, the first major U.S. carrier to report on its third-quarter performance, gave an indication that the industry's recovery from a long slump is still intact despite soaring fuel prices and signs that U.S. economy is slowing.
The No. 3 U.S. carrier by passenger traffic said net profit rose to $220 million, or 56 cents per share, compared with $52 million in the same period a year ago, when the company's shares were unlisted.
The earnings beat Wall Street expectations of 41 cents per share, according to Reuters Estimates.
The figures are the first for Delta [DAL
Loading...
()
] with Richard Anderson as chief executive. Anderson, who was previously CEO at Northwest Airlines [NWA
Loading...
()
], took over the top job at Delta in September, replacing Gerald Grinstein, who retired.
Operating revenue rose 10 percent to $5.2 billion, boosted by strong growth on routes to Latin America and across the Atlantic.
The revenue growth well outpaced a 4 percent rise in operating costs, while interest expenses dropped 41 percent as the company paid off $1 billion in debt in the quarter.
Revenue per available seat mile, or unit revenue, rose 12.6 percent to Latin America and 8.5 percent across the Atlantic.
Domestic U.S. unit revenue rose 6.3 percent.
Delta, like many other U.S. network carriers, is shifting capacity to lucrative international routes and away from the hard-fought domestic market.
Delta plans to continue the trend in the fourth quarter. The airline said it will pull 13 planes from its domestic fleet.
The company forecast a decline in mainline domestic capacity, as measured by available seat miles, by 1 percent to 3 percent in the fourth quarter. It plans to increase international capacity by 12 percent to 14 percent.
Since listing its new, post-bankruptcy shares on the New York Stock Exchange in May, Delta stock has fallen about 8 percent.
- TiVo Reports Quarterly Loss but Matches Forecasts
TiVo announced a quarterly loss that matched analysts' forecasts, but its sales topped expectations.
- Hewlett-Packard Profit Rises, Matches Guidance
Hewlett-Packard said a strong performance in China and improved profit margins in its services business helped drive quarterly earnings 14 percent higher.
- Analog Devices Results Beat Expectations; Shares Rise
Analog Devices reported a quarterly profit that fell from a year ago but topped Wall Street's expectations, sending shares higher in extended trading.
- TiVo Reports Quarterly Loss but Matches Forecasts
- Tyson Food Profit Beats Estimates
Tyson Foods posted higher-than-expected quarterly results on Monday on strength in its beef, pork and prepared foods businesses, which it expects to continue in its new fiscal year.
- Tyson Food Profit Beats Estimates
- Horton Results Miss Estimates, Shares Drop
- Dell Shares Smacked as Earnings, Sales Miss Forecasts
- Gap Reports Earnings in Line With Forecasts
- Intuit Posts Narrower-Than-Expected Loss
- Sears Posts Second Consecutive Quarterly Loss
- BJ's Wholesale Profit Falls, Hurt by Falling Food Prices
- Salesforce Profit Beats Forecasts, but Shares Fall
- Autodesk Shares Fall on Disappointing Outlook
- Home Depot Profit Beats; Says Markets Under Pressure
- Target Third Quarter Profit Up, Cautious on Fourth
- Weak US Housing Market Drags on Lowe's Profit
- JC Penney Profit Falls, but Shares Up on Forecast
- Disney Profit, Sales Top Forecasts; Shares Jump
- Nordstrom Earnings Miss Forecasts; Shares Take Hit
- Wal-Mart Holiday Forecast Light, Profit Beats







