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Delta Air Lines reports record Q4 pre-tax income of $1.45 billion

Staff writer |
Delta Air Lines reported a record-breaking fourth quarter, with adjusted pre-tax income of $1.45 billion.

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Delta will pay $1.5 billion in profit sharing for the year to its 80,000 employees.
This is up 42 percent from the previous year. Adjusted net income was $1.18 per diluted share. On a GAAP basis, pre-tax income was $1.53 billion and EPS was $1.25 for the quarter.

The quarter capped a historic year for the global airline, which reported full-year 2015 adjusted pre-tax income of $5.9 billion, up 29 percent from 2014.

Delta also announced it will pay $1.5 billion in profit sharing for the year to its 80,000 global employees next month – the largest profit-sharing payout in airline history. On a GAAP basis, pre-tax income was $7.2 billion for the year.

Delta customers enjoyed the benefits of the airline’s industry-leading operational excellence during the year, with a total of 161 days with zero mainline cancellations, and an on-time rate of 85.9 percent. And investors were rewarded with $2.6 billion in dividends and share repurchases in 2015, including $530 million during the December quarter, according to the report.

The financial results were driven in part by lower prices for jet fuel throughout 2015. During the fourth quarter, adjusted fuel expenses dropped by $726 million compared to the same period in 2014, and market fuel prices were down 30 percent.


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