Delta Air Lines said on Wednesday that it expected profits in 2013 to top 2012's profits and it would introduce a plan to return cash to shareholders.Chief Executive Officer Richard Anderson said during the carrier's investor meeting webcast that Delta, the No. 2 U.S. airline behind United Continental Holdings Inc, expected a profit of $1.6 billion excluding items for this year, up about 30 percent from the year before. He said 2013 will bring "really solid improvement" over 2012.Anderson said Delta was looking to build a model of sustainable profitability and differentiate itself with great customer service in order to be "a really good place" for shareholders to invest."As the industry consolidates, we can't be a commodity," he told investors.
Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. Shares of DAL traded higher by 0.56% or $0.06/share to $10.72. In the past year, the shares have traded as low as $7.83 and as high as $12.25. On average, 10015600 shares of DAL exchange hands on a given day and today's volume is recorded at 19529786.
United Continental Holdings, Inc. (UAL) is a holding company and its principal, wholly owned subsidiaries are United Air Lines, Inc. Shares of UAL fell by 1.38% or $-0.3/share to $21.41. In the past year, the shares have traded as low as $17.25 and as high as $25.84. On average, 3704230 shares of UAL exchange hands on a given day and today's volume is recorded at 3828520.
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