Delta sees improving revenue environment, lifts Q2 targets
Delta Air Lines Wednesday said Q2 passenger unit revenue would come in at the high end of its outlook, adding that "an improving revenue environment" helped cushion the blow that the carrier took in April after severe thunderstorms over the Atlanta area forced thousands of flight cancellations. The carrier said passenger unit revenue had risen roughly 2.5% during the quarter. Earlier, the company forecast a 1%-3% increase in passenger unit revenue. Delta in recent weeks has said that unit revenue was headed toward the upper end of its expectations, citing better conditions in business travel. The company said it expected a Q2 operating margin of 18%-19%. In April, the company had forecast an operating margin for the quarter of 17%-19%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-06/sky/delta-sees-improving-revenue-environment-lifts-q2-targets
https://portal.staralliance.com/cms/logo.png
Delta sees improving revenue environment, lifts Q2 targets
Delta Air Lines Wednesday said Q2 passenger unit revenue would come in at the high end of its outlook, adding that "an improving revenue environment" helped cushion the blow that the carrier took in April after severe thunderstorms over the Atlanta area forced thousands of flight cancellations. The carrier said passenger unit revenue had risen roughly 2.5% during the quarter. Earlier, the company forecast a 1%-3% increase in passenger unit revenue. Delta in recent weeks has said that unit revenue was headed toward the upper end of its expectations, citing better conditions in business travel. The company said it expected a Q2 operating margin of 18%-19%. In April, the company had forecast an operating margin for the quarter of 17%-19%. <br/>
