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Delta Air Lines Q3 profit climbs 33.2% YOY

Delta Air Lines Inc. said its normalized net income for the third quarter came to $1.71 per share, compared with the S&P Capital IQ consensus estimate of $1.72 per share.

EPS increased 41.2% year over year from $1.21.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.36 billion, an increase of 33.2% from $1.02 billion in the prior-year period.

The normalized profit margin climbed to 12.2% from 9.1% in the year-earlier period.

Total revenue totaled $11.11 billion, compared with $11.18 billion in the prior-year period, and total operating expenses decreased 6.7% year over year to $8.79 billion from $9.43 billion.

Reported net income rose 270.5% year over year to $1.31 billion, or $1.65 per share, from $354.1 million, or 42 cents per share.