ATLANTA, Jan. 23, 2008 – Delta Air Lines (NYSE:DAL) today reported results for the quarter and year ended Dec. 31, 2007.
Key points include:
- Delta’s 2007 pre-tax income was $1.8 billion. Excluding reorganization related and certain items, pre-tax income was $625 million, a $1.1 billion improvement compared to 2006.1,2, 3
- Due to a 26% rise in fuel price, Delta reported a pre-tax loss for the fourth quarter of $105 million.
- Delta ended the year with $3.8 billion in unrestricted liquidity, including $1 billion available under its revolving credit facility.
- Delta employees will receive $158 million in profit sharing in recognition of their critical role in achieving significant financial improvements in 2007.