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Delta Air Lines announces June Quarter 2018 profit

Posted On: Jul 12, 2018   |   Posted By: Travel and Tourworld

Delta Air Lines announces June Quarter 2018 profit

Delta Air Lines today reported financial results for the June quarter 2018. Highlights of those results, including both GAAP and adjusted metrics, are below and incorporated here.
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.
“With an expected $2 billion higher fuel bill for 2018, we are now forecasting our full-year earnings to be $5.35 to $5.70 per share. We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter,” said Ed Bastian, Delta's Chief Executive Officer. “With strong revenue momentum, an improving cost trajectory, and a reduction of 50-100 bps of underperforming capacity from our fall schedule, we have positioned Delta to return to margin expansion by year end.”
Revenue Environment
Delta's adjusted operating revenue of $11.6 billion for the June quarter improved 8...

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