Delta Air Lines announces September quarter profit

Delta Air Lines reported financial results for the September 2011 quarter. Delta’s net income for the September 2011 quarter was $765 million, excluding special items. Delta’s GAAP net income was $549 million for the September 2011 quarter. Delta reported that strong top line revenue growth of 10% year over year helped offset the $1 billion impact of higher fuel prices. Results include $167 million in profit sharing expense, in recognition of Delta employees’ achievements toward meeting the company’s financial targets, bringing total profit sharing expense for the year to date to $175 million. The company ended the September 2011 quarter with $5.1 billion in unrestricted liquidity.