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Delta forecast 15% revenue growth in FY2012; expects operating margin of 7-9% in FY2011

15-Dec-2011 11:07 AM

Delta released (14-Dec-2011) the following forecast during its investor day:

  • FY2011 forecast:
    • Operating margin: +7% to +9%;
    • Net profit: USD800 million;
    • Unit cost: USD 14.08 cents to USD 14.10 cents;
    • Unit cost excl fuel and special items: USD 8.53 cents to USD 8.55 cents;
  • 4Q2011 ending 31-Dec-2011:
    • Operating margin: +6% to +8%;
    • Capital expenditure: USD375 million;
    • Total unrestricted cash: USD5300 million;
    • Passenger unit revenue: +11% to +12% year-on-year;
    • Consolidated unit cost: +8%;
    • Consolidated unit cost excl fuel: +2%;
    • Capacity: -4% to -5%;
      • Domestic: -3% to -4%;
      • International -4% to -5%;
  • FY2012:
    • Revenue: +15% when compared to 2011 forecasts;
    • Unit cost excl fuel: +4% when compared to targeted level for 2011. [more - original PR]