(Reuters) - Delta Air Lines
Chief Executive Officer Richard Anderson said during the carrier's investor meeting webcast that Delta, the No. 2 U.S. airline behind United Continental Holdings Inc
Delta said it expected fourth-quarter earnings of $200 million to $250 million, excluding items, despite disruptions caused by superstorm Sandy. The storm barreled through the U.S. Northeast in late October and led airlines to cancel thousands of flights as major New York area airports shut down.
The carrier said it expected to announce a capital deployment strategy next year, with the program starting in January 2014.
U.S. carriers have merged, stopped flying unprofitable routes and raised ticket prices to recover in recent years. Airlines have also created new revenue streams with baggage and food fees, moves that have helped deliver profits in the face of volatile fuel prices.
Delta supports industry consolidation, Anderson said, predicting that AMR Corp's
Delta, which acquired Northwest Airlines in 2008, has cut costs while positioning itself for growth. Just on Tuesday, it announced the purchase of a 49 percent stake in British carrier Virgin Atlantic and a joint venture that will give it expanded access at London's Heathrow Airport.
(Reporting by Karen Jacobs; Editing by Lisa Von Ahn)