| WSB News |
Delta May Make Quarterly Profit
(WSB Radio/AP) Delta Air Lines is scheduled to report its third-quarter earnings on Wednesday. The Atlanta-based carrier could eke out a small adjusted profit for the three-month period, based on analysts' projections.
Delta's president and chief financial officer, Ed Bastian, said Sept. 18 that Delta expected its third-quarter results to be in the range of break-even to a modest loss.
The airline industry has been beset for an extended period by hefty fuel prices. The price of a barrel of oil has dropped off considerably since its record high close of $147.27 on July 11. Delta and other airlines have continued to cut domestic capacity, raise fares and boost revenue through new and higher fees imposed on passengers.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Delta's president and chief financial officer, Ed Bastian, said Sept. 18 that Delta expected its third-quarter results to be in the range of break-even to a modest loss.
The airline industry has been beset for an extended period by hefty fuel prices. The price of a barrel of oil has dropped off considerably since its record high close of $147.27 on July 11. Delta and other airlines have continued to cut domestic capacity, raise fares and boost revenue through new and higher fees imposed on passengers.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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