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27-Apr-2011 2:36 PM

Delta Air Lines' operating revenue up 13% in 1Q2011

Delta Air Lines reports (26-Apr-2011) the following consolidated financial highlights for the 3 months ended Mar-2011:

  • Operating revenue: USD7,747 million, +13% year-on-year;
  • Operating costs: USD7,839 million, +16%;
    • Fuel: USD2,166 million, +29%:
    • Labour: USD1,727 million, +3%;
  • Operating loss/profit: (USD92 million), compared to an operating income of USD68 million in p-c-p-;
  • Net loss/profit: (USD318 million), compared to a net loss of USD256 million in p-c-p;
  • Cash and cash equivalents: USD2,881 million;
  • Total assets: USD43,881 million;
  • Passenger traffic (RPMs): +1%;
  • Passenger load factor: 76.4%, -3.1 ppts;
  • Passenger yield: USD15.32 cents, +12%;
  • Passenger revenue per ASM: USD11.69 cents, +7%;
  • Operating cost per ASM: USD13.94 cents, +10%.
  • 2Q2011 forecast:
    • Operating margin: 7 - 9%;
    • System capacity: Up 2 - 4%;
      • Domestic: Flat – Down 2%;
      • International: Up 7 – 9%;
    • Mainline capacity: Up 2 – 4%;
      • Domestic: Flat – Down 2%;
      • International: Up 7 – 9%. [more]

Delta: "Based on the strength we are seeing in the revenue environment, we currently expect double-digit unit revenue growth for the June quarter. We believe our aggressive fare actions, combined with a four point capacity reduction for the back half of the year, will allow us to recover the higher costs of fuel in our ticket prices," Ed Bastian, Delta's President. Source: Company statement, 26-Apr-2011.

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