Will Delta’s Income Report Give These Top Institutional Shareholders Some Satisfaction?

Delta Air Lines Inc. (NYSE:DAL) reported a net income of $238 million ($0.28 per diluted share) for the fourth quarter. Quarterly revenue was up 2% year-on-year despite a loss of $75 million revenue due to Superstorm Sandy. Load factor increased to 83.3% as traffic rose by 0.7% even though capacity decreased by 1.3%. Passenger revenue climbed 3% while cargo revenue fell 5.9%.  The total operating expense was higher by $577 million due to higher fuel costs and wages. Average fuel price was $3.24 per gallon in the quarter, including 5c a gallon because of settled hedged gains and a 7c per gallon loss from the Trainer refinery. Operations at the refinery were adversely affected by Superstorm Sandy, resulting in a quarterly net loss of $63 million.

Will Delta Air Lines Inc.’s shareholders increase their holdings? They reported owning a total of 7.255 million shares on 12/31/2012. The shares closed at $11.87 on 12/31/2012.

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Here are the six largest positions in Delta Air Lines Inc. at the end of December 31st, 2012.

Marathon Asset Management LLP. held 6,015,114 shares on 12/31/2012 worth $71,399,402. This brought the portfolio total to 1.64%.

First American Trust Co. held 267,052 shares on 12/31/2012 worth $3,169,907. This brought the portfolio total to 1.2%.

Hennessy Advisors Inc. held 184,600 shares on 12/31/2012 worth $2,191,202. This brought the portfolio total to 0.13%.

First Citizens Bank & Trust Co. held 87,225 shares on 12/31/2012 worth $1,035,361. This brought the portfolio total to 0.04%.

Oakbrook Investments LLC.held 84,889 shares on 12/31/2012 worth $1,007,632. This brought the portfolio total to 0.03%.

Shell Asset Management Co. held 62,089 shares on 12/31/2012 worth $736,996. This brought the portfolio total to 0.01%.

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