Delta reports historic $379 million Q4 profit, $1.2 billion annual profit
Delta reported its net income for the December 2011 quarter was $379 million, or 45 cents per diluted share, excluding special items, the best Q4 performance in the company’s history. The results are a $221 million improvement year over year.
Delta’s net income for all of 2011 was $1.2 billion, excluding special items, as the airline offset $3 billion higher fuel expense through strong revenue performance and its fuel management program. Delta’s GAAP net income was $425 million, or 50 cents per diluted share, for the December 2011 quarter and $854 million for 2011.
Delta’s adjusted net debt at the end of 2011 was $12.9 billion, a $4.1 billion reduction from 2009. As of Dec. 31, the airline had $5.4 billion in unrestricted liquidity, including $3.6 billion in cash and short-term investments and $1.8 billion in undrawn revolving credit facilities.
Delta reported its net income for the December 2011 quarter was $379 million, or 45 cents per diluted share, excluding special items, the best Q4 performance in the company’s history. The results are a $221 million improvement year over year.
Delta’s net income for all of 2011 was $1.2 billion, excluding special items, as the airline offset $3 billion higher fuel expense through strong revenue performance and its fuel management program. Delta’s GAAP net income was $425 million, or 50 cents per diluted share, for the December 2011 quarter and $854 million for 2011.
Delta’s adjusted net debt at the end of 2011 was $12.9 billion, a $4.1 billion reduction from 2009. As of Dec. 31, the airline had $5.4 billion in unrestricted liquidity, including $3.6 billion in cash and short-term investments and $1.8 billion in undrawn revolving credit facilities.
