Delta Air Lines predict record breaking 2014
Travel Business
Delta Air Lines has announced an income of $1.6 billion pre-tax, for July-September 2014. This means a boost of $431 in comparison to the same period in 2013.
The net income for Delta in this 2014 September quarter has been of $1 billion, with a $1.20 per diluted share
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“With another record profit, solid margin expansion and nearly $1 billion of free cash flow, Delta’s results are consistent with high-quality S&P 500 industrials,”
“While we have more work ahead of us to achieve our long-term financial goals, we expect a record fourth quarter of 2014 with an operating margin of 10-12 per cent.
“For the full year, we expect a pre-tax profit in excess of $4 billion.
“We have the right foundation in place for an even stronger 2015, proven strategies for Delta, and 80,000 Delta employees who are the very best in the industry.” - Richard Anderson, Delta’s chief executive officer.
These results conclude to a staggering $823 million profit so far.
Delta Air Lines have been generating a $910 million free cash flow in this September quarter, breaking its 2013 record.
This translated into an adjustment of net debt to $7.4 billion and a return in dividends and share repurchases of $325 million to its shareholders.
The net income for Delta in this 2014 September quarter has been of $1 billion, with a $1.20 per diluted share
.“With another record profit, solid margin expansion and nearly $1 billion of free cash flow, Delta’s results are consistent with high-quality S&P 500 industrials,”
“While we have more work ahead of us to achieve our long-term financial goals, we expect a record fourth quarter of 2014 with an operating margin of 10-12 per cent.
“For the full year, we expect a pre-tax profit in excess of $4 billion.
“We have the right foundation in place for an even stronger 2015, proven strategies for Delta, and 80,000 Delta employees who are the very best in the industry.” - Richard Anderson, Delta’s chief executive officer.
These results conclude to a staggering $823 million profit so far.
Delta Air Lines have been generating a $910 million free cash flow in this September quarter, breaking its 2013 record.
This translated into an adjustment of net debt to $7.4 billion and a return in dividends and share repurchases of $325 million to its shareholders.
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