Loading
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.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More