Delta Says Low Fuel Price to Help Lift Profit 11% Next Year
Monday, December 15th, 2014
Delta Air Lines said on Thursday it expects to boost pretax profit by 11 percent to at least $5 billion next year, helped by falling jet fuel prices and rising revenue.
Speaking at its investor conference, the Atlanta-based carrier projected a net $1.7 billion benefit in 2015 from fuel-price declines, but said that includes a loss of $1.2 billion on its fuel hedges caused by the recent sharp drop in fuel prices.
