Reuters - Video

Edition: US | UK | IN | CN | JP

video Business

Breakingviews TV: Drugmakers’ PR problem
Breakingviews TV: Drugmakers’ PR problem - 03:14
Uber spends big in Egypt despite big challenges
Uber spends big in Egypt despite big challenges - 01:44
Germany ups growth outlook to 2% this year
Germany ups growth outlook to 2% this year - 01:51
Russia turns cold on crypto-currencies
Russia turns cold on crypto-currencies - 01:29
BlackRock assets surge to $6 trn
BlackRock assets surge to $6 trn - 00:59
Catalonia relief sends Spanish stocks high
Catalonia relief sends Spanish stocks high - 01:43
Kobe Steel crisis deepens, shares dive
Kobe Steel crisis deepens, shares dive - 01:48
Could Great Wall be BMW's next big climb in China?
Could Great Wall be BMW's next big climb in China? - 01:35
UK PM refuses to say how she would vote in another Brexit poll
UK PM refuses to say how she would vote in another Brexit poll - 00:57
Wal-Mart sees early success in fending off Amazon
Wal-Mart sees early success in fending off Amazon - 01:58
Dow hits record high
Dow hits record high - 01:18

Delta profit beats Wall St as storms cost less than expected

Wednesday, October 11, 2017 - 01:13

Delta's third-quarter profit fell less than expected as disruptions caused by hurricanes cost the airline less than some investors had feared. Fred Katayama reports.

▲ Hide Transcript

▶ View Transcript

Hurricanes hit Delta. The airline's quarterly profit fell six percent. It was largely due to a $120 million pretax hit from Hurricane Irma in September, which forced the airline to cancel flights. But it wasn't as bad as analysts had expected. Delta's quarterly operating revenue still rose and beat Wall Street expectations. The results drove up Delta's stock. Atmosphere Research Group's Henry Harteveldt. (SOUNDBITE) HENRY H. HARTEVELDT, PRESIDENT, ATMOSPHERE RESEARCH GROUP (ENGLISH) SAYING: "Delta announced a very good financial performance today. The revenues were up, but their profit was not as good as it was a year ago. they had a lot of challenges, including expanding competition from budget airlines, a number of hurricanes that affected key markets and their route network, and more expensive fuel and labor costs. But, overall, I think Delta did a good job." Delta is the number two U.S. carrier by passenger traffic. The airline forecasts its fourth-quarter passenger unit revenue will increase by two percent to four percent year-over-year. It's also shooting for an operating margin of between 11 percent and 13 percent.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Delta profit beats Wall St as storms cost less than expected

Wednesday, October 11, 2017 - 01:13