Delta Air Lines reports June quarter profit

Delta’s net income for the June 2011 quarter was $366 million excluding special items. Delta’s net income was $198 million for the June 2011 quarter. Strong top line revenue growth of 12% year over year helped offset more than $1 billion higher fuel expense. Delta generated a revenue premium, with unit revenues up 10% for the quarter. Delta generated $1 billion of operating cash flow and $700 million in free cash flow in the quarter. The company ended the June 2011 quarter with $5.6 billion in unrestricted liquidity.