Delta Profit Climbs on Lower Fuel Costs and Increased Demand

By Paul Riegler on 14 January 2020
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Delta aircraft at JFK

Delta Air Lines announced financial results for the fourth quarter and financial year 2019.

The carrier reported a $4.8 billion profit for 2019, a 21% year-over-year increase from 2018. Revenue grew 6% to $47 billion last year.

The airline said it was “the best in Delta’s history operationally, financially.”

Domestic revenue grew by 7.7%, while Atlantic revenue grew by 0.8% and Pacific Revenue was down 0.5%.  Latin America revenue was up 6.7%.

The Atlanta-based airline said that lower fuel prices and higher demand from holiday travelers helped drive up quarterly earnings, bringing the carrier its tenth straight year in the black.

Delta will pay a record $1.6 billion in profit sharing and $87 million to its 90,000 employees.  The amount each will receive should be equivalent to two months of salary, the airline said, and the payments will be made on February 14, 2020.  This year will be the sixth in which the airline has paid out over $1 billion in profit sharing.

(Photo: Accura Media Group)

Accura News

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