Delta Air Lines beat analysts Q2 profit forecast, earns more revenue
Delta Air Lines was successful in earning good revenue in the second quarter of this year. The airline recently announced that the strong sale of Delta Air Lines flights tickets in Q2 2012 helped it earn more revenue from each passenger.
The airline emerged successful and beat Q2 profit estimates by the analysts. Apart from Delta Air Lines, another U.S. carrier US Airways also beat analysts’ profit estimates of the second quarter and earned good revenue. Both the carriers stated that the hike in airfares helped them earn Q2 profits.
Delta Air Lines said that its earnings were $586 million. US Airways disclosed that its adjusted profit was $321 million. Another US carrier JetBlue Airways also reported a Q2 net income of $52 million, matching estimates by analysts.
Media reports said that at a time when there was a slowdown in job growth in the U.S. amid great concerns that recovery was fast losing steam, the hike in airfares helped the airlines to rake in profits in Q2 this year.