Delta Airlines’ (NYSE: DAL) net income totaled US$1.18 billion, or US$1.64 per diluted share, in third quarter 2017, compared with US$1.26 billion, or US$1.69 per diluted share, a year earlier, with operating revenue increasing by 5.5% to US$11.06 billion. Operating expenses increased by 10.2% to US$2.72 billion due to higher fuel costs and disturbances from Hurricane Irma.
American Airlines Group’s (NASDAQ: AAL) net profit was US$624 million, or US$1.28 per diluted share, compared with US$737 million, or US$1.40 per diluted share in third quarter 2016. The hurricanes caused numerous flight cancellations, reducing earnings but revenue totaled US$10.88 billion, up by 2.7% from US$10.59 billion.
United Airlines’ (NYSE: UAL) net income totaled US$637 million, or US$2.12 per diluted share, in third quarter 2017, a 34% year-over-year fall, while revenue totaled US$9.88 billion, a 0.4% decrease. The hurricanes caused significant disruptions and flight cancellations in Texas, Florida and Caribbean locations.
Southwest Airlines Co’s (NYSE: LUV) net income totaled US$503 million, or US$0.84 per diluted share, in the quarter, compared with US$388 million, or US$0.62 per diluted share, a year earlier. Operating revenues rose by 2.6% to US$5.27 billion but flight cancellations caused by the hurricanes reduced potential operating revenues by US$100 million.