The airline industry is picking up steam.
Rebounding travel demand — especially among business and international fliers — is boosting the bottom line at Delta and other big carriers, AJC staffer Kelly Yamanouchi reports.
Atlanta-based Delta, along with American Airlines and US Airways, on Wednesday posted sharply improved third quarter earnings as well as double-digit revenue gains, Yamanouchi writes.
Delta logged a profit of $363 million, or 43 cents a share, reversing a loss of $161 million, or 19 cents a share, a year earlier.
The company said its profit would have been nearly three times that, $929 million, were it not for one-time charges to reduce debt, ground some regional jets at subsidiary Comair and lingering expenses from its merger with Northwest Airlines, Yamanouchi reports.
Delta President Ed Bastian said the airline sees strong demand through the holidays. Corporate travel has increased and revenue is especially strong in international markets, he said.
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