UPDATE: Delta Air Lines Posts Decline In Q4 Profit

Delta Air Lines

reported a drop in its fourth-quarter profit. Delta Air Lines' quarterly profit declined to $7 million, or a penny per share, versus $425 million, or $0.50 per share, in the year-earlier quarter. Its adjusted profit came in at $0.28 per share. Its revenue climbed 2% to $8.6 billion. However, analysts were expecting earnings of $0.27 per share on revenue of $8.59 billion. Delta Air Lines shares closed at $13.61 on Friday.