Delta Air Lines posts half billion in profits on nearly USD10 billion in revenues

Delta Air Lines posted impressive profits of USD549 million despite declining revenue passenger and available seat miles during the third quarter. Passenger revenues rose 10%, or USD866 million, for the third quarter as load factor increased to 86.1% on a 1% decline in capacity. The USD765 million in non GAAP profits were short of analysts' expectations at USD786.8 million. Total operating revenues neared USD10 billion coming in slightly shy at USD9.86 billion, besting analysts estimates at USD9.73 billion.

The airline also hit its mark for third quarter passenger unit revenue growth at 10.5%, aided by new products and services including Economy Comfort which is being adopted across the fleet. Other revenue initiatives include premium up-sell and a specialised travel service for Delta's best passengers. It has also rolled out ancillary products including hotels, Wi-Fi and lounge passes.