( ) -q-23- UNDATED (Correspondent Jeremy House) “of last year.” Delta Air Lines says its second-quarter profit is down 29% from a year earlier, and it’s giving a disappointing outlook for the third quarter. [CutID: <Cuts> DELTA-PROFIT-house-q-THUam.mp3 Time: 23s Title: DELTA-PROFIT-house-q-THUam Out-cue: of last year] TAG: Correspondent Jeremy House reporting. ————————— VERBATIM: Delta says it […]
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Higher costs and low base fares send Delta’s profit down 29%
( ) -q-23- UNDATED (Correspondent Jeremy House) “of last year.”
Delta Air Lines says its second-quarter profit is down 29% from a year earlier, and it’s giving a disappointing outlook for the third quarter.
[CutID: <Cuts> DELTA-PROFIT-house-q-THUam.mp3
Time: 23s
Title: DELTA-PROFIT-house-q-THUam
Out-cue: of last year]
TAG: Correspondent Jeremy House reporting.
—————————
VERBATIM: Delta says it earned $1.31 billion in the second quarter, down from more than $1.83 billion last year. The weaker profit comes despite strong revenue, as Americans travel in record numbers. But Delta’s costs are rising even faster than its revenue. The airline spent much more on labor, jet fuel and other big items than it did in the same period of last year.