×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Earns Delta

Delta Profit Misses Estimates as Costs Rise

Tuesday, 18 January 2011 09:50 AM EST

Delta is opening earnings season for airlines with a $19 million profit for the fourth quarter.

But shares fell in premarket trading as Delta says it is adding more flying capacity. Investors may question if there is enough demand to support it.

Delta plans to increase its capacity as much as 7 percent overall during the first quarter. Much of that is on international routes.

Delta Air Lines Inc. earned 2 cents per share for the fourth quarter. Not counting special items it would have earned 19 cents per share. Analysts surveyed by FactSet expected 25 cents per share.

Revenue rose 14 percent to $7.79 billion, which is more than analysts expected.

Delta shares dropped 4.7 percent to $12.15 in premarket trading.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Companies
Delta is opening earnings season for airlines with a $19 million profit for the fourth quarter.But shares fell in premarket trading as Delta says it is adding more flying capacity. Investors may question if there is enough demand to support it.Delta plans to increase its...
Earns Delta
122
2011-50-18
Tuesday, 18 January 2011 09:50 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved