logo
Share SHARE
FONT-SIZE Plus   Neg

Delta Air Lines March Traffic, Load Factor Rise, But Capacity Declines

Delta Air Lines Inc. (DAL, DALRQ.PK) on Tuesday reported operational results for the month of March that saw a 4.4 percent increase in load factor and a 2.0 percent increase in traffic, while capacity declined 3.4 percent.

The Atlanta, Georgia-based company noted that revenue for the month exceeded prior expectations on improved close-in bookings and better Pacific performance.

Monthly consolidated passenger unit revenue or PRASM rose 13 percent year over year on strong demand, particularly from corporate customers. This generated improvements in yield and load factor across all regions, the company said.

Delta Air Lines' total system traffic for March in terms of revenue passenger miles or RPMs rose to 16.46 billion from 16.14 billion in the same period last year.

The airline's capacity dropped to 19.57 billion available seat miles or ASMs from 20.26 billion ASMs in the same period last year. Load factor rose 4.4 points to 84.1 percent from 79.7 percent a year earlier.

Domestic traffic increased 0.3 percent from last year to 10.12 billion RPMs and load factor rose 3 points to 86.3 percent. However, domestic capacity for March declined 3.2 percent from the year-ago period to 11.72 billion ASMs.

International traffic grew 4.7 percent from the prior-year period to 6.34 billion RPMs and load factor rose 6.5 points to 80.8 percent. International capacity declined 3.8 percent to 7.85 billion ASMs.

For the year-to-date period, total system traffic rose 1.0 percent on a 3.2 percent decrease in capacity and a 3.3 points increase in load factor.

In late January, Delta reported a profit for the fourth quarter that soared from last year, as higher fares helped offset an increase in fuel costs.

In Tuesday's regular session, DAL is trading at $10.44, up $0.43 or 4.35 percent on a volume of 4.78 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Foodservice distributor Sysco Corp. (SYY) reported a third-quarter profit that grew 22.7 percent from last year, while quarterly sales increased 2.2 percent. Both earnings per share and revenue for the quarter beat analysts' expectations. Halliburton Co. (HAL) and Baker Hughes Inc. (BHI) announced Sunday that they terminated the merger agreement they entered into in November 2014, effective April 30, 2016. In connection with the termination of the merger agreement, Halliburton will pay Baker Hughes the termination fee of $3.5 billion... The bench to bedside journey of drugs is fraught with challenges. It is estimated that only 5 in 5,000 compounds that enter preclinical testing make it to human testing, and out of those 5, only 1 may pass through all the regulatory hurdles needed to reach pharmacy shelves.
comments powered by Disqus
Follow RTT