Delta Air Lines reported 2014 net income of $659 million, down 94% from a $10.54 billion net profit in 2013, although the 2014 result reflects a significant special charge related to fuel hedging while the 2013 result included a huge tax valuation gain. Delta’s 2014 net income excluding special items was $2.8 billion, a slight increase over a $2.7 billion net profit excluding special items in 2013. With fuel prices dropping significantly, Delta decided to make hedging adjustments and ...

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