Delta Air Lines clings to $7M profit in 4Q
by JOSHUA FREED,AP Airlines Writer
Jan 22, 2013 | 360 views | 0 0 comments | 2 2 recommendations | email to a friend | print
FILE - In this April 20, 2010 file photo, Delta Air Lines jets are parked at John F. Kennedy International Airport, in New York. (AP Photo/Mark Lennihan)
FILE - In this April 20, 2010 file photo, Delta Air Lines jets are parked at John F. Kennedy International Airport, in New York. (AP Photo/Mark Lennihan)
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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.
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