17 October 2007

Earnings season starts - Delta posts great results

Delta just reported its first full quarter of results - ok so its the best quarter of the year but still a pretty good result. But this is nothing to crow about and there is a lot to do.

Delta Air Line Inc.'s third-quarter net income more than quadrupled to $220 million as the company's planes were fuller than ever during the summer. In its first full quarter since emerging from bankruptcy, the carrier also saw revenue increase 10% to a quarterly record of $5.23 billion.

FOR MORE INFORMATION, please see: http://www.wsj.com/earnings

But what about the other guys? Our analysis shows it will be a mixed season. The results will in general be good across the board. However there will be a few players who are already under-performing. Dont be surprised. One carrier to watch will be Skybus but since they are private not likely to see any financials.

It will be interesting!!!

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