Delta Airlines has reported financial results for the second quarter of 2017. Highlights of the results, show that adjusted pre-tax income for the June 2017 quarter was $1.85 billion, a $172 million increase from June 2016, primarily driven by higher revenue.
Delta recorded a June quarter 2017 adjusted operating margin of 18.4 per cent. Delta delivered these results despite a $125 million negative impact from the operational disruption following severe storms in Atlanta in early April.
Passenger revenue increased $261 million, including $100 million from Delta’s Branded Fares initiatives. Cargo revenue increased 11 per cent, driven by higher volumes in freight and mail.
“The June quarter ranks among the best in Delta’s history as our people delivered top financial, operational, and customer satisfaction results – and it is an honor to recognize that performance with an additional $338 million toward our 2017 profit sharing,” said Delta’s Chief Executive Officer, Mr. Ed Bastian.
(Daily Trust)
