In its second quarter, Delta Air Lines posted $1 billion in adjusted net income. "Delta's record results have allowed the company to invest in its employees through higher wage rates and profit sharing; improve the experience for our customers through new aircraft and innovative partnerships with global carriers; and uniquely deliver value for our shareholders by accelerating our capital returns while also paying down debt," CEO Richard Anderson said in a statement.
United Continental Holdings reported a net loss of $620 million for the fourth quarter. "While we didn't meet our revenue goals in 2012, we have addressed the integration issues that drove our underperformance," said Jim Compton, vice chairman and chief revenue officer.
The oil refinery in Trainer, Pa., owned by Delta Air Lines was forced to slow production and efficiency in November and December due to disruptions from Hurricane Sandy. "However, refinery operations are recovering, and we expect Trainer to realize a modest profit in the March quarter," said Paul Jacobson, Delta's chief financial officer.
Delta Air Lines reportedly is in discussions with Boeing and Airbus about placing a large order for new jets. The $1 billion order would be for up to 30 aircraft, sources say. One of the sources also identified the Airbus A320 and the Boeing 737 as versions under consideration by Delta.