With Delta's current future looking "not so hot" I dug this up from 1998 showing how Delta did just 7 years ago. It is truely amazing how times have changed!
Delta net income soars to a record $1 billion
by Mark Gallagher
DELTA AIRLINES has reported a record net income of $1 billion for the fiscal year 1998 and quarterly net income of $362 million.
This is a rise of 13% on the net income, whilst its operating margin rose by 12% on the previous year. As well as this, the airline had a record operating cash flow of $3 billion, up 47% on last year. In a statement, the company said their record fiscal year demonstrates their underlying financial strength and their continued ability to deliver strong margins and operating cashflow.
"Preliminary data indicates Delta's June on-time performance will place it within the top tier of the major network carriers," the statement read. The annual report showed other good news for Delta, as in the first five months of 1998, Delta had significantly fewer customer complaints than its two largest competitors, despite carrying 30% more passengers. Their mishandled baggage rate for those months was 12% better than the industry average. "Looking ahead, we will continue to invest in our customers," Delta's Leo Mullin said. "During fiscal 1999, Delta will complete our aircraft interior enhancements, begin to implement significantly improved gate and boarding processes, upgrade facilitates at seventy six additional airports and renovate eight additional Crown rooms." Delta employees will now share in a record profit-sharing payout exceeding $180 million for fiscal 1998, a 24% increase on 1997's record payout. Delta and its worldwide partners operate over 5,000 flights each day to 62 countries from 12 US gateway cities. Delta carries more passengers worldwide than any other airline network, and is the leading US airline operating the Atlantic route