Delta Air Lines Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Provides Earnings Guidance for the First Quarter of 2013
For the year, the company reported total operating revenue of $36,670 million compared to $35,115 million a year ago. Operating income was $2,175 million compared to $1,975 million a year ago. Income before income taxes was $1,025 million compared to $769 million a year ago. Net income was $1,009 million or $1.19 per diluted share compared to $854 million or $1.01 per diluted share a year ago. Non-GAAP net income was $1,552 million compared to $1,190 million a year ago. Adjusted net debt as on December 31, 2012 was $11.7 billion compared to $17 billion as on December 31, 2009. Net cash provided by operating activities was $8.1 billion.
The company provided earnings guidance for the first quarter of 2013. The company expects operating margin to be in the range of 2.5-4.5%, Capital expenditures to be in the range of $500-600 million.