Delta’s net profit for the June 2013 quarter was $844m, excluding special items. This result is a record June quarter profit excluding special items and is a $258m improvement year-over-year. Including $159m in special items, Delta’s GAAP net income was $685m. The company announced a balanced capital deployment plan, targeted at creating up to $5bn of value for shareholders by 2017 through further debt reduction and the return of more than $1bn to shareholders over the next three years by means of $200m of annual dividends and a $500m share repurchase program. June quarter results include $118m of profit sharing expense in recognition of Delta employees’ contributions to the company’s financial performance. Delta generated $1.3bn of operating cash flow and $730m of free cash flow in the June 2013 quarter, and ended the period with adjusted net debt of $10.2 billion.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
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Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada