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Delta posts strong April financial, operational performance
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Posted on May 08 2012
Delta Air Lines reported strong revenue and operations for April 2012.
Delta’s consolidated passenger unit revenue increased 11 percent for the month of April as compared to the prior year. During the month, Delta saw strong unit revenue improvement across all entities, driven by capacity discipline, corporate booking strength, and benefits from investments in products and services.
System traffic increased 1.1 percent on a 1.3 percent reduction in capacity, resulting in a 2.0 point improvement in load factor.
The company’s fuel price per gallon was $3.44, consistent with expectations underlying recent second quarter fuel guidance. Delta expects to realize the majority of June quarter’s hedge benefits in May and June.
Delta continued to make significant improvements in its operational performance during the month. Delta’s completion factor of 99.8 percent was 0.8 points higher than prior year, and its on-time performance improved 12.6 points to 90.9 percent.
Delta Air Lines serves more than 160 million customers each year. During the past year, Delta was named domestic “Airline of the Year” by the readers of Travel Weekly magazine, was named the “Top Tech-Friendly U.S. Airline” by PCWorld magazine for its innovation in technology and won the Business Travel News Annual Airline Survey. (Delta)
