Boston, MA 04\/25\/2014 (wallstreetpr) –\u00a0Delta Air Lines, Inc. (NYSE:DAL)<\/b>\u2019s first quarter results showed the strength of the airline company as it managed to deliver the profit figures despite the weather problems. Delta Air Lines cancelled almost 17000 flights in the last quarter. As a result, the revenues went down by $90 million. But it is the internal strength of the company that impressed the industry by posting results surpassing the market\u2019s expectations.<\/p>\n
The impressive figures<\/b><\/p>\n
In its first quarterly results 2014, the airline had reported $8.9 billion of operating revenue showing an uptick of 5% as compared to the same period last year. The real impressive figure was of net income that came at $281 million. It is $196 million more than the net income of the first quarter of year 2013. The figure is praiseworthy as it is the figure after deducting the non-cash tax expenses and revenue loss of cancelled flights. Investors should remember that the airline company cancelled 17000 flights in the last quarter.<\/p>\n
The market expected Delta Air Lines to post net income at $243 million. Delta Air Lines, Inc. (NYSE:DAL)\u00a0faired well ahead of market expectations and posted an EPS of 25 cents that is two cents more than the market’s expectations.\u00a0 If the special items are excluded then the EPS stands at 33 cents.\u00a0 There was a 3% rise in the Passenger revenue per available seat mile from the same quarter of last year. The revenue passenger miles came at 44.6 billion. It was again a 4% rise from the same period last year.<\/p>\n
The expectations<\/b><\/p>\n
The first quarter results are impressive. The profit came after the unprecedented weather disruptions. The airline company is quite positive on the coming quarter and expects to produce 14% \u2013 16% operating margins in June Quarter.\u00a0Delta Air Lines, Inc. (NYSE:DAL)\u00a0was included in S&P 500 back in September 2013. Delta\u2019s stock is trading near its 52 week high.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 04\/25\/2014 (wallstreetpr) –\u00a0Delta Air Lines, Inc. (NYSE:DAL)\u2019s first quarter results showed the strength of the airline company as it managed to deliver the […]<\/p>\n","protected":false},"author":2,"featured_media":19692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3286,1459],"stock_ticker":[],"class_list":["post-20362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-delta-air-lines-inc-nysedal","tag-nysedal","entry"],"acf":[],"yoast_head":"\n