Delta Air, AirTran Beat Analyst Estimates as Fuel Costs Decline

Delta Air Lines Inc., the world’s largest carrier, and AirTran Holdings Inc. posted second-quarter results that beat analyst expectations as fuel costs fell.

The net loss for Delta and Northwest Airlines combined was $257 million, or 31 cents a share, Atlanta-based Delta said today. The per-share loss excluding one-time items was 24 cents, better than the 29-cent average loss of 10 analyst estimates compiled by Bloomberg.

Delta paid 42 percent less for fuel than a year earlier and benefited from past capacity cuts and eliminating 8,000 jobs. Carriers have lowered fares to lure vacationers and keep planes full as businesses curb travel, leading Delta to say it’s reevaluating demand. United Airlines parent UAL Corp. said yesterday it will cut 7 percent more international capacity.

Read Full Article from Bloomberg

- Posted: 2009-07-22 10:04:13

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