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20/10/2010

Delta posts 3Q profit of $363 million

NEW YORK – Delta, the world's second-largest airline, says it posted a profit in the third quarter as revenue from carrying both passengers and cargo rose from a year earlier.

The Atlanta company expects its profit streak to continue in the fourth quarter, which includes the holiday travel season.

Delta Air Lines Inc. said Wednesday it had net income of $363 million, or 43 cents per share, for the quarter. That compares with a year-earlier loss of $161 million, or 19 cents a share. Not counting one-time items, it recorded an adjusted profit of $929 million, or $1.10 a share.

Revenue rose 18 percent to $8.95 billion.

Thomson Reuters says analysts expected a profit of 94 cents per share on revenue of $8.82 billion.

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