Business

Delta’s 3Q profit falls on one-time items

By David Koenig
Published October 16, 2014 4:20pm ET
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Delta’s 3Q profit falls on one-time items
FILE - In this July 28, 2014 file photo, a Delta Air Lines jet takes off from Ronald Reagan Washington National Airport in Arlington, Va. Delta Air Lines Inc. releases quarterly results before the market opens Thursday, Oct. 16, 2014. (AP Photo/Manuel Balce Ceneta) | Manuel Balce Ceneta

DALLAS (AP) — Delta Air Lines Inc. said Thursday that third-quarter profit fell 74 percent on one-time costs such as retiring older planes. The results excluding those items beat expectations.

Revenue rose 7 percent, but higher fuel and labor costs pushed expenses higher too.

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