Delta Air Lines clings to $7M profit in 4Q

BY JOSHUA FREED AP AIRLINES WRITER MINNEAPOLIS (AP) – Delta says its fourth-quarter profit was nearly wiped out by Superstorm Sandy and special charges. Delta recorded a profit of $7 million for the quarter, or a penny per share. During the same period last year it earned $425 million, or 51 cents per share.
Delta says that without special items it would have earned $238 million, or 28 cents per share. Revenue rose 2 percent to $8.6 billion. Both its adjusted profit and its revenue were slightly better than expected by analysts surveyed by FactSet. Superstorm Sandy hurt revenue by $75 million. The storm slowed down the re-opening of Delta's new oil refinery, causing a $63 million loss at the refinery. Shares of Delta Air Lines Inc., based in Atlanta, are up a penny to $13.62 in premarket trading. © 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


More Local

Perdue, Kingston neck and neck in Senate race

Editor's note: This story includes state-wide vote totals as of 9:54. It will be updated once final numbers are in.  Congressman Jack K ... Read More


GOP voters in Ga. to decide Senate nominee

ATLANTA (AP) — After a bruising nine-week runoff campaign, Georgia Republicans will finally have their Senate nominee who will compete ... Read More


10 Things to Know for Today

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. ISRAELI DEFENSE SOURCE: ONE SOLDI ... Read More


Senoia wall could be up for years

Seven households in Senoia may be behind a wall for years to come. Monday night, representatives from Stalwart Films and Raleigh Studios re ... Read More


Work begins on Hood Road

Hood Road was being closed beginning Monday, July 21, for culvert replacement, according to Coweta County officials. Public notification sig ... Read More

Paper's Phone System Down

We are experiencing problems with our phone system at this time and are unable to make or receive calls. We hope to have this resolved by th ... Read More