DELTA POSTS RECORD REVENUE AS PROFIT SINKS

Delta Air Lines posted record September-quarter revenue of $20.2 billion, up 21% from a year earlier, as travel demand held strong. GAAP net income sank 47% to $756 million as fuel costs and investment losses hit the bottom line, even though adjusted EPS came in at $1.72. Delta ($DAL) kicks off the airline earnings season with a sharp gap between top-line strength and bottom-line pain.