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Business Briefs – Feb. 9, 2012
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Posted on Feb 08 2012
[B]Delta reports strong revenue, operations in January[/B]
[B]Job openings jump to near a 3-year high[/B]
Delta Air Lines yesterday reported strong revenue and operations for January 2012. For January 2012, consolidated passenger unit revenue (PRASM) increased 14.5 percent compared to the prior year period, as the company’s capacity discipline and revenue momentum contributed to a strong increase in yields. All regions generated double-digit unit revenue gains, with the strongest performance in the domestic and transatlantic regions. For the month, system load factor increased 2.3 points to 77.5 percent. Delta employees delivered excellent operational performance for their customers. The company’s preliminary DOT on-time arrival rate of 86.4 percent was 11.8 points higher year-over-year and its mainline completion factor increased 5.2 points to 99.4 percent. The company’s financial and operational performance is detailed below. (PR)
[B]Consumer borrowing rose $19.3 billion in December[/B]WASHINGTON (AP)—Americans accelerated their borrowing in December for the second straight month, running up more credit card debt and taking out loans to buy cars and attend school. Consumer borrowing rose by $19.3 billion in December after a $20.4 billion gain in November, the Federal Reserve said Tuesday. The two increases were the biggest monthly gains in a decade. Total consumer borrowing is now at a seasonally adjusted $2.5 trillion. That nearly matches the pre-recession borrowing level. And it is up 4.4 percent from the September 2010 post-recession low.
WASHINGTON (AP)—The number of available jobs in the United States jumped in December to near a three-year high, supporting other data that show a brighter outlook for hiring. Companies and governments posted 3.38 million jobs in December, the Labor Department said Tuesday. That’s up from the 3.12 million advertised in the previous month and nearly matches the three-year high reached in September. Job openings in the private sector reached the highest point in almost three and a half years.
