Business
Business

Higher fuel costs, storms drive down Delta profit

Snow slows flights in Atlanta Delta Air Lines has canceled more than 300 departures for Friday. Southwest Airlines has canceled more than 40 flights. Hartsfield-Jackson International Airport officials advised travelers to check with airlines on the status of flights.
By
April 12, 2018

Higher fuel costs and storms that drove flight cancellations caused Delta Air Lines' profit to decline in the first quarter of the year.

Atlanta-based Delta reported record revenue for the quarter, with operating revenue at  more than $9.9 billion.

But that was offset by a 20 percent year-over-year increase in fuel expense and a $44 million toll from severe winter weather.

The storms included Nor'easters that caused hundreds of flight cancellations in Boston, New York and other airports. Delta also canceled hundreds of flights in mid-January due to snow and ice in the Southeast.

The airline’s net income declined 2 percent year-over-year to $547 million in the first quarter.

About the Author

As business team lead, Kelly Yamanouchi edits and writes business stories. She graduated from Harvard and has a master's degree from Northwestern.

Follow Kelly Yamanouchi on facebookFollow Kelly Yamanouchi on twitter
More Stories

Keep Reading

Cox Communications plans to merge with Charter Communications in a deal that, if approved by regulators, will combine two of the nation’s largest cable companies. (Courtesy of Cox Communications)

Credit: special

Cox Communications and Charter to combine in major cable deal

Cox Communications plans to merge with Charter Communications in a deal that, if approved by regulators, will combine two of the nation’s largest cable companies.

Meet Slate Truck: Just enough truck for under $20,000

The most interesting new vehicle in America has hand-cranked windows.

Atlanta transmission lines are new front for data center growing pains

Residents railed against Georgia Power‘s plan to erect new transmission lines along their residential streets to connect a substation on a data center's property to the grid.

The Latest

Electric vehicle startup Slate recently unveiled its bare-bones Truck and SUV models in a car market desperate for a shakeup, Cox Automotive writer Sean Tucker says. (Courtesy of Slate)

Credit: Special

Meet Slate Truck: Just enough truck for under $20,000

Cox Communications and Charter to combine in major cable deal

Construction starts on planetarium-sized sports and entertainment venue downtown

Featured

Cox Communications plans to merge with Charter Communications in a deal that, if approved by regulators, will combine two of the nation’s largest cable companies. (Courtesy of Cox Communications)

Credit: special

Cox Communications and Charter to combine in major cable deal

Cox Communications plans to merge with Charter Communications in a deal that, if approved by regulators, will combine two of the nation’s largest cable companies.

Family: Georgia woman kept on life support to comply with abortion law

The 30-year-old nurse was declared brain-dead by physicians three months ago, mother told an Atlanta television station.

Construction starts on planetarium-sized sports and entertainment venue downtown

Cosm, an immersive venue that is slated to be the anchor of Centennial Yards, will potentially be ready by the World Cup.