Delta profit drops 20.8%
[BENGALURU] Delta Air Lines Inc reported a 20.8 per cent fall in quarterly profit as operating expenses swelled, and the airline said it expected passenger unit revenue to rise between 2.5 per cent and 4.5 per cent in the current quarter.
The company's net income fell to US$1.22 billion, or US$1.68 per share, in the second quarter ended June 30, from US$1.55 billion, or US$2.03 per share, a year earlier.
On an adjusted basis, the No 2 US airline by passenger traffic earned US$1.64 per share.
Total operating revenue rose 3.3 per cent to US$10.79 billion.
The carrier said passenger unit revenue - which compares sales with flight capacity - increased 2.5 per cent in the quarter.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Ford profit beats on commercial sales; EVs still dragging
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Boeing reports first revenue drop in 7 quarters as deliveries decline
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan