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Delta Air Lines March Traffic, Load Factor Edges Up, But Capacity Drops

Delta Air Lines, Inc. (DAL: Quote) reported Tuesday operational results for the month of March 2013 that saw a 0.1 percent increase in traffic and a 0.6 percentage points growth in load factor, while capacity edged down 0.6 percent.

The Atlanta, Georgia-based airline reported a solid operational performance during the month, with completion factor of 99.3 percent, and 84.9 percent of flights arriving on-time.

Monthly consolidated passenger unit revenue or PRASM rose 2 percent year-over-year, driven by improved trans-Atlantic and Latin performance, partially offset in the Pacific by the impact of a weakening yen.

Delta Air Lines' total system traffic for March in terms of revenue passenger miles or RPMs was up 0.1 percent to 16.47 billion from 16.46 billion in the same period last year.

The airline's capacity dropped 0.6 percent to 19.44 billion available seat miles or ASMs, from 19.57 billion ASMs in the same period last year. Meanwhile, system load factor increased 0.6 percentage points to 84.7 percent from 84.1 percent a year ago.

Domestic traffic edged down 0.1 percent from last year to 10.11 billion RPMs, while domestic capacity increased 1.6 percent from the year-ago period to 11.90 billion ASMs. Domestic load factor was also down 1.4 percentage points to 84.9 percent from last year.

International traffic edged up 0.4 percent from the prior-year period to 6.37 billion RPMs, while international capacity decreased 3.9 percent to 7.54 billion ASMs. However, international load factor grew 3.7 percentage points to 84.5 percent from a year ago.

For the year-to-date period, total system traffic edged down 0.6 percent on a 2.6 percent drop in capacity and a 1.5 percentage points increase in load factor.

In Tuesday's regular trading session, DAL is currently trading at $15.40, down $0.85 or 5.23% on a volume of 1.62 million shares.

by RTT Staff Writer

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