Delta Air Lines released that net income for the December 2010 quarter was $158 million excluding special items which is a $383 million improvement year over year. Delta’s net income for 2010 was $1.4 billion, excluding special items. Including $851 million in special items, Delta’s net income for 2010 was $593 million. Delta’s GAAP net income was $19 million for the December 2010 quarter.
2010 results include $313 million in profit sharing expense, including $38 million in the December quarter, in recognition of Delta employees’ achievements toward meeting the company’s financial targets. Net debt at the end of 2010 was $15.0 billion, a $2.0 billion reduction from prior year. Delta ended 2010 with $5.2 billion in unrestricted liquidity.