A Delta Airlines plane taxis past a gate at Logan Airport in Boston Tuesday, Jan. 24, 2012. Delta Air Lines said Wednesday, Jan. 25, 2012, it earned $425 million in the fourth-quarter as it raised prices in the critical holiday season and the airline reduced flying to keep costs low. (AP Photo/Charles Krupa)
A Delta Airlines plane taxis past a gate at Logan Airport in Boston Tuesday, Jan. 24, 2012. Delta Air Lines said Wednesday, Jan. 25, 2012, it earned $425 million in the fourth-quarter as it raised prices in the critical holiday season and the airline reduced flying to keep costs low. (AP Photo/Charles Krupa)
NEW YORK (AP) ? Delta says it earned $425 million in the fourth quarter as it raised prices in the critical holiday season while reducing flying to keep costs low.
The U.S.-based airline said its profit amounted to 50 cents per share. Excluding one-time gains and losses, it earned 45 cents per share in the most recent quarter. In the same period a year earlier, it earned just $19 million, or 2 cents per share.
Revenue rose 8 percent to $8.4 billion. Fuel expenses rose 5 percent. Other costs were flat. The money it made to fly a passenger a single mile (1.6 kilometers) rose 12 percent due to higher fares.
Analysts polled by FactSet Research expected Delta Air Lines Inc. to earn 37 cents per share on revenue of $8.32 billion.
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