Delta Reports Higher Profit for March Despite Hit from Brussels Bombings

By Paul Riegler on 14 April 2016
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DSC_0752Delta Air Lines announced financial results for the first quarter of 2016. The world’s second largest carrier showed a higher than expected profit despite a drop in revenue.

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)

Accura News

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