Delta's Q4 EPS sank on Sandy

Investor's Business Daily

The No. 2 U.S. airline's Q4 EPS fell 38% to 28 cents, matching views. Revenue rose 2% to $8.6 bil, also in line. Delta Air Lines (DAL) cited a $100 mil impact from Superstorm Sandy, which delayed flights across the Northeast. The storm also affected output at Delta's Pa. oil refinery, which lost a net $63 mil in Q4. Delta's traffic rose 0.7% while capacity fell 1.3%, lifting its load factor to 83.3%. Shares rose 2.9%, hitting the best levels since late 2010.

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