Delta Air Lines posts December quarter and full year 2016 profit

Delta Air Lines (DAL) reported financial results for the December quarter and full year 2016. Adjusted pre-tax income for the December 2016 quarter was US$923m, a US$524m decrease from the December 2015 quarter, primarily driven by the new pilot agreement. For the full year, adjusted pre-tax income increased 4% year over year to US$6.1bn. Delta’s operating revenue for the December quarter was down US$44m versus prior year. Passenger unit revenues declined 2.7% on a 0.9% increase in capacity.