UPDATE 3-Delta quarterly profit tops analysts’ views

* Q3 adj EPS $1.10 vs. estimate 94 cents

* Profit expected for current quarter

* Shares rise 6 percent

(Adds company comment on current quarter)

ATLANTA, Oct 20 (BestGrowthStock) – Delta Air Lines Inc (DAL.N: )
reported a higher-than-expected quarterly profit on Wednesday,
on demand for international travel and it expects to post a
profit for the current quarter.

Delta, whose shares rose 6 percent in premarket trading,
has focused on cutting its debt, boosting passenger amenities
and expanding service to higher-growth markets, since buying
Northwest Airlines in 2008.

“Not only do we expect solid revenue gains for the December
quarter as demand looks strong through the holiday season, but
we expect those revenue gains to help produce our first
profitable December quarter in a decade,” Delta Chief Financial
Officer Hank Halter said in a memo to staff.

US Airways Group also reported a third-quarter profit (Read more your timing to make a profit.) on
Wednesday against a year earlier loss.

Capacity cuts and higher fares have boosted airlines after
two years of depressed travel demand.

Delta reported net income of $363 million, or 43 cents a
share, for the third quarter, compared with a year-earlier net
loss of $161 million, or 19 cents a share.

Excluding items such as a charge tied to debt reduction,
Delta earned $1.10 a share. Analysts on average expected 94
cents, according to Thomson Reuters I/B/E/S.

Operating revenue rose 18 percent to nearly $9 billion,
beating analysts’ forecasts of $8.82 billion, on gains in the
Pacific, Atlantic and Latin America markets.

The airline said higher overall operating costs in the
third quarter from rising fuel prices and profit sharing
expenses were partly offset by savings from the Northwest
purchase. Consolidated unit costs excluding fuel and profit
sharing was flat year over year.

Passenger revenue per available seat mile rose 16 percent.

Atlanta-based Delta was the world’s largest airline until
earlier this month, when UAL Corp completed its acquisition of
Continental Airlines to form United Continental Holdings
(UAL.N: ).

Delta shares were up about 6 percent at $12.50 in trading
before the market opened.
(Reporting by Karen Jacobs; Editing by Lisa Von Ahn and Derek
Caney)

UPDATE 3-Delta quarterly profit tops analysts’ views