Delta Earnings Top Projections

Sat., July 20, 1996

From Staff And Wire Reports

Delta Air Lines on Friday reported stronger-than-expected quarterly earnings, but its stock fell with the rest of the airline industry amid speculation that TWA Flight 800 was brought down by a terrorist attack.

Delta reported profits for the quarter that ended June 30 of $161 million, or $2.69 per share, a 36 percent drop from the same period a year earlier.

Excluding a $273 million charge toward an early retirement program for 500 pilots, the profits would have been $328 million, or $5.77 a share, far surpassing analysts’ expectations of $3.99.

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Delta Earnings Top Projections

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