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Delta to build on financial momentum of 2012 in 2013, to report best March quarter since 2000

6-Mar-2013 1:56 PM

Delta Air Lines president Edward Bastin stated (04-Mar-2013) the carrier plans to build on the financial momentum of 2012 and grow earnings and expand margins in 2013. Mr Bastin also noted the carrier is on track to achieve its best March quarter since 2000 with an operating margin of 2.5-3.5%, with passenger unit revenue to increase by 4.5-5.5%, with consolidated ex-fuel unit cost to increase by 6-7% and capacity to decline by 2-3%. He noted investment in network, operations, product and people are driving revenue growth and corporate share gains, while structural cost initiates will preserve Delta’s cost advantage and pave the way for margin expansion.  [more - original PR]