Delta Air Lines Inc. said Wednesday that first-quarter profit more than tripled as passengers flew more and jet fuel prices fell from a year ago. The results were slightly better than analysts expected, and the shares gained in trading before Wall Street's opening bell.
Delta Air Lines lost $168 million, or 20 cents per share, in the second quarter because bets on oil prices went the wrong way. The airline lost $561 million on wrong oil price bets that haven't settled yet.
Atlanta-based shipping giant United Parcel Service says it plans to turn last year’s success into record earnings per share in 2011. In 2010, earnings improved to $3.6 billion dollars and revenue was up 9.4 percent The company says it’s stronger and more flexible coming into the economic recovery, thanks to internal changes forced by the recession.
Modest sales increases helped boost Home Depot's second-quarter net income 7 percent. The No. 1 home-improvement retailer trimmed its revenue forecast but raised its earnings forecast to account for share repurchases.