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Delta Air profit climbs 39% in Q2

Delta Air profit climbs 39% in Q2

Mubasher: Delta Air Lines on Thursday announced that its net income climbed by 39.3% year-on-year in the second quarter of 2019, as the second biggest US airline reaped the benefits from higher fares.

Delta also raised its full-year profit outlook to a range of $6.75 to $7.25 per share from the prior range of $6 to $7 per share.

Net income climbed came in at $1.44 billion in Q2-19, compared with $1.04 billion in Q2-18. Diluted earnings per share (EPS) surged by 48.3% to $2.21, from $1.49 a year ago.

In addition, Delta generated $12.54 billion in total operating revenue in the period between April and June, 6.5% higher than $11.78 billion in the same period of the prior year.