Delta reports solid earnings in quarterly report - WMC Action News 5 - Memphis, Tennessee

Delta reports solid earnings in quarterly report

Delta Air Lines reported solid earnings, despite expectations that the airline and other carriers would report losses in profit. Delta Air Lines reported solid earnings, despite expectations that the airline and other carriers would report losses in profit.

(WMC-TV) – Delta Air Lines reported solid earnings, despite expectations that the airline and other carriers would report losses in profit.

Many airlines are facing trouble across the country, including Pinnacle, who furloughed hundreds of employee. But Delta is reporting more earnings than expected.

Rising fares have not kept passengers away, judging by financial results at Delta Air Lines.

They say demand appears to be holding up, suggesting that planes will be full and fares will be higher for the busy summer travel season.

Delta, the nation's second-biggest airline, said it will reduce flying as much as 3 percent during the quarter, which ends in June.

The idea is that travelers will pay more for the remaining seats. So far, it appears to be working.

Delta earned $124 million for the most recent quarter. That is after reporting millions in losses just one year ago.

Copyright 2012 WMC-TV. All rights reserved.

Powered by Frankly