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Delta Air Lines plans to return cash to shareholders

13-Dec-2012 6:27 PM

Delta Air Lines CEO Richard Anderson, at the Delta Investor Day 2012, stated (12-Dec-2012) the carrier is anticipating a fourth consecutive year of profitability in 2013. He also forecast "solid returns on invested capital" as the carrier focuses on solid free cash flow generation and achievement of its USD10 billion debt target. The carrier has reduced its adjusted net debt from USD17 billion in 2009 to USD11.8 billion at present. He added, "the next step on the path forward incorporates returning cash to shareholders". The carrier also expects to announce its capital deployment strategy before its AGM in Jun-2013 with a programme commencing in Jan-2014. [more - original PR]