Delta 3Q Earnings
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Delta 3Q Earnings
Delta Air Lines today reported results for the quarter ended Sept. 30, 2007. Key points include:
* Delta generated third quarter pre-tax income of $363 million on operating revenue of $5.2 billion, the highest quarterly revenue in company history.
* Net income for the September 2007 quarter was $220 million, or $0.56 per diluted share.
* During the quarter, Delta continued to strengthen its balance sheet, paying down more than $1.0 billion in debt obligations.
* Delta has accrued almost $160 million in profit sharing through the September 2007 quarter, in recognition of the critical role of Delta employees in achieving the company's financial targets.
Let the pilot and other employee pay raises and bonuses begin!
Um.. did I say pilot bonuses? I mean management! YES! Another round of bonuses for upper management for a job well done!
* Delta generated third quarter pre-tax income of $363 million on operating revenue of $5.2 billion, the highest quarterly revenue in company history.
* Net income for the September 2007 quarter was $220 million, or $0.56 per diluted share.
* During the quarter, Delta continued to strengthen its balance sheet, paying down more than $1.0 billion in debt obligations.
* Delta has accrued almost $160 million in profit sharing through the September 2007 quarter, in recognition of the critical role of Delta employees in achieving the company's financial targets.
Let the pilot and other employee pay raises and bonuses begin!
Um.. did I say pilot bonuses? I mean management! YES! Another round of bonuses for upper management for a job well done!
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