Delta Air Lines Q1 Net Income Down
Total operating revenue for the first quarter ended March 31, 2013 was $8.5 billion, compared to $8.41 billion for the first quarter ended March 31, 2012. Operating income for the first quarter ended March 31, 2013 was $222 million, compared to $382 million for the first quarter ended March 31, 2012. Income before income taxes for the first quarter ended March 31, 2013 was $3 million, compared to $127 million for the first quarter ended March 31, 2012. "Our results represent Delta's strongest March quarter financial and operational performance in over a decade and I want to thank Delta people worldwide for all the hard work that went into producing these results for our company. This performance is proof that we are on the right path to making Delta the airline of choice for our shareholders, employees, and customers," said Richard Anderson, Delta's CEO. "With a solid financial foundation and building momentum from initiatives like our LaGuardia expansion, Virgin Atlantic investment and new Terminal 4 at New York-JFK, we are well positioned to generate significant improvements in Delta's profitability going forward."
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