Delta Air Lines Inc., which emerged from bankruptcy in April, reported a profit in the second quarter of 2007. (7/19/2007)
The Atlanta-based airline had net income of $1.8 billion on $5 billion in revenue, compared with a net loss of $2.2 billion on $4.7 billion in revenue in the second quarter of 2006. Earnings were $4.49 a share in the second quarter. Delta did not provide earnings per share data for the comparable period.
For the first six months of the current year, Delta Air Lines’ net income stood at $1.64 billion, as compared to losses of $4.28 billion last year. The company’s six-monthly revenues increased to $9.24 billion, as compared to the year-ago figure of $8.54 billion.
Jim Whitehurst, COO, Delta Air Lines Inc., said the airline will soon start serving London’s Heathrow International Airport. The service is expected to start in March.
“We are currently in negotiations for Heathrow slots and should have an announcement soon,” said Whitehurst.
Heathrow and two routes to China are the carrier’s chief international focus, reportedly said Whitehurst, explaining that international capacity for Delta will be up 16-18 percent in 2007, while domestic capacity continues to decline by about two-four percent in 2007.
Earlier this week, Delta also applied for two routes to China, from Atlanta to Shanghai and Atlanta to Beijing.
Delta has been pursuing an international strategy as a way to escape pricing pressures from domestic low-cost carriers, and to capture the lucrative international business travel, which is less price sensitive, and therefore more profitable.