Delta tops expectations all around

ATLANTA/January 11, 2018 (AP)(STL.News) —Delta Air Lines is reporting fourth-quarter profit of $572 million, easily beating expectations.

The Atlanta company reported net income of 80 cents per share Thursday, or 96 cents with nonrecurring items removed.

That breezed past the 88 cents Wall Street was looking for, according to a survey by Zacks Investment Research.

Revenue was $10.25 billion, also topping forecasts.

Shares of Delta Air Lines Inc. have decreased slightly since the beginning of the year, while the Standard & Poor’s 500 index has risen roughly 3 percent. The stock has climbed almost 10 percent in the last 12 months.

By Associated Press, published on STL.NEWS by St. Louis Media, LLC (J.S)

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