Delta Reports Higher Profit for March Despite Hit from Brussels Bombings
The airline reported a profit of $946 million, a 27% year-over-year increase from $746 million in 2015. Revenue fell to $9.25 billion, a 1.5% year-over-year decline.
The Atlanta-based airline said that the drop in revenue was driven by $125 million in “foreign currency pressures” and a $5 million “impact” from the Brussels Airport bombings, which took place on March 22 and resulted in a suspension of flights to and from the Belgian capital for a number of days.
Lower fuel costs contributed to the increase in profit. The airline’s adjusted fuel expense came in at $1.45 for the quarter, a figure 40% than in 2015.
(Photo: Accura Media Group)