Delta posts $980 million 4Q profit on lower fuel prices

Boy that's a lot of munnie in one quarter.... and I thought that these low oil prices were supposed to be really bad for the economy:

Cheaper jet fuel thanks to falling oil prices helped Delta Air Lines earn $980 million in the fourth quarter despite lower revenue than a year ago. 

Delta shares rose almost 5 percent in midday trading today, recovering some of their January losses. Delta forecast another decline in a key revenue measure through the first three months of 2016. That could add to investor concern that airlines are adding too many flights while fuel is relatively cheap, which is pushing fares lower.

But Delta officials said bookings for this spring are ahead of last year’s pace because lower gasoline and heating bills mean that consumers have more money to spend. 

No shit you don't say.... hmmmm.

Delta posts $980M 4Q profit https://t.co/piSmYke1w7 pic.twitter.com/UhbyscdH5G

— Airline Gossip (@airlinegossip) January 19, 2016