Delta Air Lines expects operating margin to reach 1-2% in 1Q2010

Delta Air Lines provided the following guidance for the three months ending 31-Mar-2010:

• Operating margin: 1% to 2%;
• Cargo and other revenue: USD1,100 million;
• Non-operating expense: USD325 million;
• Cost per ASM excl fuel: +1% to +2%;
• Capacity (ASMs): -4% to -5%;
  • Mainline: -4% to -5%;
• Domestic: -2% to -3%;
  • Mainline: -2% to -3%;
• International: -7% to -8%;
  • Mainline: -7% to -8%;
• Fuel hedge position: 47%;
  • Call options: 23%;
  • Collars: 6%;
  • Swaps: 18%. [more]