Delta sees Q3 profit slip, hints at higher average prices
The price of air travel is poised to rise again, with airlines seeing beyond recent fare wars that have cut into their profits. Delta Air Lines Q3 profit fell more than 6% to US$1.18b, partly because Hurricane Irma robbed the company of $140m in revenue from canceled flights. The hurricane's impact was already known, however, so investors are more likely to seize on Delta's prediction Wednesday that revenue for each seat flown one mile will rise by up to 4% over last year during Q4. That forecast comes a day after American Airlines and United Airlines reported that the same key revenue figure would be better than expected in Q3. US airline stocks tumbled during July and August over concern that overly rapid expansion and fare wars — primarily between United and Spirit Airlines at several big airports — were hurting profits. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-12/sky/delta-sees-q3-profit-slip-hints-at-higher-average-prices
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Delta sees Q3 profit slip, hints at higher average prices
The price of air travel is poised to rise again, with airlines seeing beyond recent fare wars that have cut into their profits. Delta Air Lines Q3 profit fell more than 6% to US$1.18b, partly because Hurricane Irma robbed the company of $140m in revenue from canceled flights. The hurricane's impact was already known, however, so investors are more likely to seize on Delta's prediction Wednesday that revenue for each seat flown one mile will rise by up to 4% over last year during Q4. That forecast comes a day after American Airlines and United Airlines reported that the same key revenue figure would be better than expected in Q3. US airline stocks tumbled during July and August over concern that overly rapid expansion and fare wars — primarily between United and Spirit Airlines at several big airports — were hurting profits. <br/>
