Home / Business / Delta Air Lines announces $1.45b profit for 2015
Delta Airlines

Delta Air Lines announces $1.45b profit for 2015

Delta Air Lines has announced a financial results for the December 2015 quarter, including adjusted pre-tax income of $1.45 billion, a $430 million increase year over year.

Adjusted net income was $926 million or $1.18 per diluted share, up 51 percent from the December quarter of 2014.

Delta’s chief executive officer, Richard Anderson said the airline’s financial report shows the commitment of the Delta people to running the best airline in the world every day

Delta Airlines
Delta Airlines

“Our 2015 performance was a record for Delta on all fronts – with industry-leading operational performance, superior customer satisfaction, and a $5.9 billion adjusted pre-tax profit.  These results show the commitment of the Delta people to running the best airline in the world every day.  It’s an honour to reward their performance with $1.5 billion in profit sharing for the year.”

“As we look ahead to 2016, we have a significant opportunity to improve our performance even further.  With over $3 billion in potential savings from lower fuel prices and numerous commercial, operational and cost initiatives already in place, we expect to again perform in the top tier of the S&P Industrials on earnings growth, margins, and cash flows this year despite global economic challenges”, he  said.

Delta’s operating revenue for the December quarter decreased 2 percent, or $145 million, due to $160 million in foreign currency pressures.  Passenger unit revenues declined 1.6 percent, which includes approximately 2 points of impact from foreign currency.

According to Delta’s president, Ed Bastian:  “The success of our network actions and commercial initiatives in 2015 allowed us to grow our top line and our unit revenue premium to the industry, while overcoming nearly $700 million of revenue pressure from foreign currency. Looking ahead, the overall demand environment remains solid. The breadth of our network scale allows us to focus our commercial efforts on those areas of the business with the best opportunity such as the domestic marketplace, while reducing our exposure in some weaker international regions. While we expect international volatility and currency pressures to result in unit revenue declines of 2.5 – 4.5 percent for the March quarter, we should see over 10 points of margin improvement given our capacity discipline in the face of a more than 50 percent decline in fuel prices.”

About anthony omoh

mm

I am a Journalist with a passion for developmental stories and nigerianflightdeck.com was born out of passion for reporting the travel, business and aviation sub-sector. This site is an expression of my ideals and creativity as a reporter and my discretion as a publisher. I am extremely content doing this and I am sure when you read my stories you’d understand that I touch people and that’s why

Check Also

NAMA boss canvasses harmonisation of African safety systems

MANAGING Director of the Nigerian Airspace Management Agency (NAMA) Capt. Fola Akinkuotu has charged Air …

ART tasks government to better manage, invest BASA

Charges airlines to establish shared MRO to drop maintenance cost INDUSTRY think tank group Aviation …

Dana Air @9 looks ahead, reels out expansion plans despite industry challenges

DANA AIR recently celebrated its 9th Anniversary and that was crowned among all its activities …

Turkish Airlines announces USD 956 million profit in 2017 Q3 financial results

 TURKISH AIRLINES posted record net profit of all 3rd quarters in company history with USD …

Dana Air joins IATA registry, assures of professionalism

DANA AIR has assured of its continuous safety and operational efficiency and a commitment to …

Leave a Reply

%d bloggers like this:
Skip to toolbar