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VOL. 126 | NO. 244 | Thursday, December 15, 2011

Delta Air Lines Predicts 2011 Profit of $800M

AP

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NEW YORK (AP) Delta Air Lines Inc. says it expects an $800 million profit this year, and it will be solidly profitable in 2012.

The Atlanta-based airline operates a hub in Memphis International Airport.

The company says in a filing that it will earn $1.1 billion in 2011 if special items are excluded. Analysts surveyed by FactSet were expecting adjusted net income of $977 million.

Delta had earned $429 million through the first nine months of this year.

Delta CEO Richard Anderson says that airline will be profitable next year even as fuel prices remain higher than historic averages. He's speaking in New York at the company's annual investor conference.

The Atlanta-based airline is also repeating its prediction that it will cut 2012 flying by 2 to 3 percent.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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