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Delta Air Lines touts solid 3Q2013 results and declares record profits for FY2013

Analysis

A 16-day US Government shut-down and continuing pressure created by the devaluation of Japan's currency did not hinder Delta's 3Q2013 earnings growth as profits improved by USD444 million year-on-year to USD1.2 billion (excluding special items).

With corporate demand holding steady and holiday bookings looking relatively solid for Nov-2013 and Dec-2013, Delta CEO Richard Anderson is declaring the carrier will post an all-time record profit during 2013.

Delta throughout much of 2013 has been riding a wave of positive momentum despite some miscalculation in the spool-up of its Trainer refinery, and the continuing pressure from the devaluation of the Japanese yen. Even as it makes proclamations of record profits for 2013, Delta's CEO Richard Anderson stresses that the carrier is keeping its head down as it works to continue the carrier's advancement.

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