Delta poised to regain power over airfares after two-year slump
Delta is finally showing a return to pricing power after a two-year slump, leading stocks to climb across the industry. Passenger revenue for each seat flown a mile rose 3.5% in May, the second-biggest US carrier said Friday. The increase showed that Delta is on track for a 3% gain this quarter in the benchmark financial gauge, JPMorgan Chase & Co. analyst Jamie Baker said. Delta’s performance cheered airline investors, who have been watching for a rebound in the passenger revenue measure, a proxy for a carrier’s control over fares. The Atlanta-based carrier is “getting its mojo back,” Duane Pfennigwerth, an analyst at Evercore ISI, said in a note to clients. “We see significant improvement potential.”<br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-06-05/sky/delta-poised-to-regain-power-over-airfares-after-two-year-slump
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Delta poised to regain power over airfares after two-year slump
Delta is finally showing a return to pricing power after a two-year slump, leading stocks to climb across the industry. Passenger revenue for each seat flown a mile rose 3.5% in May, the second-biggest US carrier said Friday. The increase showed that Delta is on track for a 3% gain this quarter in the benchmark financial gauge, JPMorgan Chase & Co. analyst Jamie Baker said. Delta’s performance cheered airline investors, who have been watching for a rebound in the passenger revenue measure, a proxy for a carrier’s control over fares. The Atlanta-based carrier is “getting its mojo back,” Duane Pfennigwerth, an analyst at Evercore ISI, said in a note to clients. “We see significant improvement potential.”<br/>
