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:
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.