Delta (DAL) Picks Up The Pace

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Rising fuel costs did not kill off a good quarter for Delta (DAL).

The airline’s quarterly operating revenue of $5.2 billion for the September quarter was the highest in Delta’s history.

Net income for the September 2007 quarter was $220 million, or $0.56 per diluted share. For the quarter, Delta’s operating expenses increased only 4%, or $191 million, over the prior year period.

The stock moved up almost 5% prior to the open, approaching its 52-week high of $21.95.

Douglas A. McIntyre