Delta Sees Rise in Passenger Unit Revenue, First in 16 Months

By Jesse Sokolow on 13 April 2017
  • Share

DSC_5025Delta Air Lines announced financial results for the first quarter of 2017 ended March 31.

The carrier reported a net income of $603 million, down from $946 million for 2015.

Revenue was down 1.1% to $9.148 billion.

Passenger unit revenue, a closely watched metric, rose by 1% to 3%.

“March marked the first month of positive passenger unit revenues since November 2015,” said Glen Hauenstein, the airline’s president. “We expect June quarter passenger unit revenues to increase one to three percent and remain positive throughout the year.”

Total passenger revenue declined 1% to $7.69 billion. In addition, traffic for the quarter rose 0.5% to 47.95 billion revenue passenger miles, while capacity dropped 0.5% to 57.87 billion available seat miles.

(Photo: Accura Media Group)

Accura News

Read previous post:
Hyatt Regency Amsterdam Opens in Netherlands

Hyatt Hotels and Resorts announced the opening of a new property in Amsterdam. The Hyatt Regency Amsterdam is the first...