Delta Posts $746m Q1 Profit

Delta Air Lines has posted a net profit of $746m for Q1 2015, more than tripling the $213m it announced in the same period last year.

Delta Air Lines has posted a net profit of $746m for Q1 2015, more than tripling the $213m it announced in the same period last year.

The Atlanta-based carrier confirmed its adjusted net profit was $372m, taking into account $374m in special items. It said this consisted of mark-to-market adjustments and settlements on fuel hedges.

Delta’s revenues also increased by 5.3 per cent to $9.39bn while operating profit jumped to $1.4bn, up from Q1 2014’s $620m.

In an earning’s call on Wednesday (April 15), Delta CEO Richard Anderson said the airline has also benefited from a stronger US dollar which has resulted in lower fuel costs and savings of $2bn so far this year.

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