ATLANTA | Delta profits soar as demand drives ticket prices higher
ATLANTA — Delta topped third-quarter profit expectations with strong travel demand pushing ticket prices higher.
The Atlanta carrier posted earnings of $1.31 billion, or $1.91 per share. Removing one-time charges, per-share profit was $1.80, which is six cents better than expected, according to a survey by Zacks Investment Research.
Revenue was $11.95 billion, about in line with expectations.
Delta said Thursday that it took a $30 million hit from Hurricane Florence and had a $655 million fuel cost increase in the quarter, but benefited from a lower share count and changes in the tax law.