Delta Air Lines has presented its financial results for the December 2011 quarter and highlights for the quarter include net income of $379 million, or $0.45 per diluted share, excluding special items, this is a $221 million improvement year over year. Delta’s net income for 2011 was $1.2 billion, excluding special items, as the company offset $3 billion higher fuel expense through strong revenue performance and its fuel hedging program. The airline’s GAAP net income was $425 million or $0.50 per diluted share, for the December 2011 quarter and $854 million for 2011. … Continue Reading