Delta Air Lines Inc., the nation's third-largest carrier, said Wednesday it made a net profit of $69 million in July. The net profit was the first since Delta entered bankruptcy in September 2005, spokeswoman Betsy Talton said. Excluding reorganization items, earnings were $99 million. Revenue for the 31-day period was $1.71 billion. A year ago, Delta said it had a net loss of $41 million in July. It did not say how much revenue it earned in July 2005. Delta has lost more than $16 billion since January 2001, but in recent months has been narrowing its losses as it restructures and benefits from higher ticket prices. Delta is expecting to emerge from Chapter 11 by the middle of 2007.