General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
Delta expects profit to rise this year
Reuters
Dec 11 (Reuters) - Delta Air Lines Inc : * During investor day webcast, carrier says it expects $2.6 billion pretax profit for 2013, up 70 percent over 2012 * Carrier sees 'some modest global economic improvement' taking shape in 2014 * Passenger unit revenue is expected to rise 2 percent to 3 percent in
fourth quarter * Carrier expects revenue of nearly $40 billion in 2014.
Delta Air Lines expects higher profit, lower debt for 2013
Reuters
Dec 11 (Reuters) - Delta Air Lines Inc said on Wednesday it expects pretax profit excluding one-time items of $2.6 billion this year, up 70 percent from $1.6 billion for 2012.
The U.S. carrier told an investor meeting that was broadcast over the Internet that net debt would fall to $9.6 billion in 2013 from $11.7 billion last year.
For 2014, Delta said it expects revenue of nearly $40 billion. The company had total revenue of $36.7 billion in 2012.
Delta began paying its first dividend in a decade this year and launched a $500 million share buyback in a bid to boost shareholder returns. The carrier has expanded in high-growth markets such as New York and launched partnerships with non-U.S. carriers such as Britain's Virgin Atlantic to gain access to new customers.
Bye Bye---General Lee
Reuters
Dec 11 (Reuters) - Delta Air Lines Inc : * During investor day webcast, carrier says it expects $2.6 billion pretax profit for 2013, up 70 percent over 2012 * Carrier sees 'some modest global economic improvement' taking shape in 2014 * Passenger unit revenue is expected to rise 2 percent to 3 percent in
fourth quarter * Carrier expects revenue of nearly $40 billion in 2014.
Delta Air Lines expects higher profit, lower debt for 2013
Reuters
Dec 11 (Reuters) - Delta Air Lines Inc said on Wednesday it expects pretax profit excluding one-time items of $2.6 billion this year, up 70 percent from $1.6 billion for 2012.
The U.S. carrier told an investor meeting that was broadcast over the Internet that net debt would fall to $9.6 billion in 2013 from $11.7 billion last year.
For 2014, Delta said it expects revenue of nearly $40 billion. The company had total revenue of $36.7 billion in 2012.
Delta began paying its first dividend in a decade this year and launched a $500 million share buyback in a bid to boost shareholder returns. The carrier has expanded in high-growth markets such as New York and launched partnerships with non-U.S. carriers such as Britain's Virgin Atlantic to gain access to new customers.
Bye Bye---General Lee
Last edited: