Delta's profit dips 8 percent but tops Street's expectations
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January 12, 2018
DALLAS (AP) — Delta Air Lines reported Thursday that fourth-quarter profit slipped 8 percent, but the results still beat expectations as average prices for passengers continued to creep higher.
The airline also raised its forecast of 2018 earnings, partly because it expects that a new, lower tax rate on businesses will help spur corporate travel.
Delta, which earned nearly $3.6 billion in 2017, doesn't pay income taxes because it is able to offset income with billions of dollars in losses from previous years. But the company expects to start paying taxes in 2019 or 2020 and believes that the n...
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