Delta Posts Q3 Profit... With A Catch | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Airborne Hi-Def On YouTube

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

Fri, Nov 10, 2006

Delta Posts Q3 Profit... With A Catch

One-Time Gain Helps Carrier

It turns out Delta Air Lines won't have to pay as much as previously thought to restructure financing for many of its planes... and those cost-savings helped the bankrupt carrier post a $52 million net profit in the third quarter.

That's Delta's first net profit since it entered bankruptcy in September 2005... and compares quite well to last year's loss of $1.13 billion for the same period. Despite the good news -- and Delta will take all it can get right now -- that net gain isn't likely to recur in the future.

The Associated Press reports Delta realized a one-time, $98 million gain in non-cash assets from its recently renegotiated aircraft financing arrangements.

Excluding items related to its ongoing reorganization, Delta reports it lost $46 million in the quarter, on revenue that increased to $4.66 billion. The carrier has $2.8 billion of unrestricted cash on hand.

One positive quarter does not a successful year make, though. Through September, Delta has lost $4.22 billion -- up from $2.6 billion for the same time last year.

But the future does look brighter for the nation's number three airline... as passenger loads remain high, and fuel prices are going down. The carrier also announced Thursday it would recall 1,000 flight attendants next year.

Delta has announced it expects to exit bankruptcy sometime in 2007.

FMI: www.delta.com

Advertisement

More News

Airborne 07.27.16-Oshkosh Day 3: WomenVenture!, NTSB on Part 23, CAF Update

Also: An American Airbus Flies To Oshkosh, Mooney Update, Comprehensive Jack Pelton Interview--Part 3 ANN’s Maxine Scheer attended the kickoff event to WomenVenture, the Wome>[...]

Airborne 07.27.16-Oshkosh Day 3: WomenVenture!, NTSB on Part 23, CAF Update

Also: An American Airbus Flies To Oshkosh, Mooney Update, Comprehensive Jack Pelton Interview--Part 3 ANN’s Maxine Scheer attended the kickoff event to WomenVenture, the Wome>[...]

The Airplane Factory Presents AirVenture 2016 Special Event Coverage

The Airplane Factory Sling – Best-Handling LSA – A Real Airplane The Airplane Factory Sling is a high performance, 2 place Light Sport Aircraft that fits the needs of p>[...]

Aspen Avionics, True Innovators, Present OSH2016 Special Event Coverage!

OSH2016 Sponsor: Always-Innovative Aspen Avionics Based in Albuquerque, New Mexico, Aspen Avionics specializes in bringing the most advanced display and sensor technology from the >[...]

Only Sporty's!!! Sporty's Pilot Shop Helps ANN Cover Oshkosh 2016!

Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC