Delta Air Lines expects operating margin of 20% to 21% for 3Q2015

Delta Air Lines stated (02-Oct-2015) it expects an operating margin of 20% to 21% for 3Q2015. Consolidated passenger unit revenue (PRASM) for Sep-2015 declined 5.0% year over year, consistent with "recent trends of pressure from foreign exchange, lower surcharges in international markets, and domestic yields." Non-fuel unit costs for 3Q2015 are expected to increase 1% year-over-year, driven by foreign currency and the continued benefits from Delta's domestic refleeting and cost reduction initiatives. Delta projects a fuel price of USD1.80 to USD1.85 for the Sep-2015 quarter. [more - original PR]