Delta Reports Third Quarter Earnings
Airline's Traffic, Capacity, Load Factor Improve in Latest Quarter
By Jesse Sokolow on 16 October 2014
Delta aircraft in New York
Delta Air Lines announced financial results for the third quarter of 2014.
The Atlanta-based airline reported net income for the quarter of $1.0 billion, after one-time charges for a fleet restructuring, debt extinguishment, and employee profit-sharing. Passenger revenue increased 6% to $9.776 billion from $9.254 billion for the three months ended September 2014 compared to the same period in 2013.
Passenger revenue per available seat mile, or Prasm, rose 2.4%.
Passenger traffic in Q3 showed a 3.7% increase and capacity was up by 3.2%. The airline’s load factor, which represents the portion of seats filled, increased to 86.4% from 86%.
(Photo: Accura Media Group)
