Delta forecasts quick recovery for Japan
Delta Air Lines has reported its Asia Pacific traffic dipped 25% year-on-year in Mar-2011, but President Ed Bastien has forecast a fast recovery. Mr Bastien believes Japan will "bounce back faster than people anticipate" and that Delta is "well-positioned as an airline and an industry to help them".
- Delta Air Lines experienced a 25% decline in Asia Pacific traffic in March 2011, but the company's President is optimistic about a quick recovery.
- Delta believes that Japan will recover faster than expected and that the airline is well-positioned to support the country's recovery.
- Delta's shares were down 1.2% on Monday, along with other North American and Latin American airline shares.
- Pinnacle Airlines Corp reported a significant increase in passenger numbers in March 2011, with a year-on-year growth of 48.1%.
- Pinnacle Airlines' load factor decreased by 3.4 percentage points to 73.3% in March 2011.
- Various American airline shares, including Atlas Air and Republic Airways, experienced declines, while Latin American airlines such as GOL, TAM, Copa Airlines, and LAN Airlines also weakened.
Delta shares were 1.2% lower on Monday, on a mixed day in trading for North American and Latin American airline shares. US cargo carrier Atlas Air finished 3.2% lower, which Republic Airways also had a weaker day. Latin American airlines GOL, TAM, Copa Airlines and LAN Airlines were all weaker.
Pinnacle Airlines Corp reported the following traffic highlights for its subsidiaries in Mar-2011:
- Passenger numbers: 1.8 million, +48.1% year-on-year;
- Load factor: 73.3%, -3.4 ppts;
- Departures: 47,328, +44.6%;
- Fleet:
- CRJ-200: 145;
- CRJ-900: 57;
- Q400: 28;
- SAAB 340: 60.
Selected Americas share price movements (% change): 18-Apr-2011
