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Financial results for quarter ended 31 March announced by Delta Air Lines
Airline Industry Information, April 24, 2008
AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD
Delta Air Lines (NYSE:DAL) has announced its financial results for the quarter ended 31 March 2008.
Delta reported a net loss of USD274m in the first quarter of 2008, as compared to a net loss of USD6m in the first quarter of 2007, excluding special and reorganisation items.
Excluding special items, Delta's operating expenses increased 20%, or USD825m, compared to the first quarter of 2007.
Passenger revenue increased 10% in the first quarter of 2008 on a 2% increase in capacity compared to the prior year period. The increase in passenger revenue was driven by 6% higher yield and 4% higher traffic, the airline said.
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Most Popular Articles in Business
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