It’s earnings day at Delta Air Lines Inc. (DAL). The airline released its fourth quarter and year-end earnings on Jan. 12. The press release is available on the Delta website.

NASDAQ reported that earnings per share (EPS) estimates for the fourth quarter were expected to be $0.82. Delta met those expectations and finished the quarter with an EPS of $0.82.

For the full year, NASDAQ estimates suggested an EPS of $5.32. Again, the airline met expectations with a posted EPS of $5.32. (See also: Behind Delta's 46.4% Rise in 10 Years.)

Pre-tax, Delta reported revenue of $9.4 billion in the fourth quarter. This revenue figure beat analysts’ estimates by $60 million and was 0.5 percent lower than its revenue in the fourth quarter of 2015.

Year over year, Delta saw declining revenue in all but three of its divisions. The airline’s mainline and Latin America markets were up, and other revenue, income derived from frills like checked bags, increased by 10.6 percent in the fourth quarter.

Delta reported its passenger revenue was 2.7 percent lower than the previous year despite a 0.9 percent increase in capacity.

For the full year, Delta posted a four percent increase in pre-tax income. The adjusted income of $6.1 billion was whittled down to $4 billion in net income, $1.1 billion of which will be distributed to Delta employees in the form of profit-sharing. (See also: Delta Employees to Receive Six Percent Raise.)

In the December quarter, Delta paid out $149 million in dividends to its shareholders and repurchased $300 million worth of stock. For the full year, Delta returned a combined $3.1 billion in dividends and share repurchases.

Along with a dwindling number of shares, Delta’s stock price is up almost 10 percent since January 2016.

Looking forward, Delta predicts that its operating margin for the March quarter will be between 11 and 13 percent. The airline expects its passenger revenue to be up between zero and two percent and expects capacity to be down between zero and one percent.

Delta’s earnings were released pre-market. Delta’s stock closed at $51.44 on Jan. 11 and opened slightly lower at $51.30 on Jan. 12.