Delta posts Q2 profit
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Delta Air Lines posted a better-than-expected profit for the second quarter of the year in results announced today.
An increase in passengers and revenue in the US helped boost its numbers the most, while its premium seats also saw an increase in sales.
Its Q2 net income came in at US$801 million compared to US$685m in Q2 2013, while its revenue increased 9% to US$10.62bn.
In the US passenger revenue rose 15.7% while growth in Europe was 5.5%, with investment put into New York and Seattle. The airline also put money into its venture with Virgin Atlantic.
A refinery is purchased has also helped to drive down the cost of fuel by US$168m.
“We expect our September quarter performance will be even stronger, as we expand our operating margins to 15-17% and further improve our profitability,” said Delta chief executive officer Richard Anderson. “All credit goes to Delta people worldwide who not only produced this record financial performance, but also continue to lead the industry in operational reliability and customer satisfaction.”
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