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