Delta Air Lines reports March quarter profit

Delta Air Lines reported financial results for the March 2015 quarter. Delta’s adjusted pre-tax income for the March 2015 quarter was US$594m, an increase of US$150m over the March 2014 quarter on a similar basis. Delta’s adjusted net income for the March 2015 quarter was US$372m and its adjusted operating margin was 8.8%. On a GAAP basis, Delta’s March quarter pre-tax income was US$1.2bn, operating margin was 14.9% and net income was US$746m. Results include US$136m in profit sharing expense, recognizing Delta employees’ contributions toward meeting the company’s financial goals. The company used its strong cash generation in the quarter to return US$500m to shareholders through dividends and share repurchases and to make US$904m in pension contributions.