Delta Q1 net income up 31% on strong revenue environment
Delta Air Lines reported its 2018 Q1 net income jumped 31% to US$730m from $557m in the year-ago quarter. Operating revenue was up 5.1% to $10.5b, a new Q1 record. Evidence of solid fundamental trends at Delta has the airline bullish about its full-year 2019 performance and should indicate positive momentum for some competitors as well. The carrier grew year-over-year unit-revenues, or TRASM, 2.4% in Q1 to 16.70 cents, and sees the Q2 figure as being up 1.5%-3.5%, stronger than its most recent 1.5% guidance. Delta executives credit several factors for the strong revenue environment, including gains from a new American Express loyalty program and select international markets. But the most encouraging sign came in leisure fares. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-15/sky/delta-q1-net-income-up-31-on-strong-revenue-environment
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Delta Q1 net income up 31% on strong revenue environment
Delta Air Lines reported its 2018 Q1 net income jumped 31% to US$730m from $557m in the year-ago quarter. Operating revenue was up 5.1% to $10.5b, a new Q1 record. Evidence of solid fundamental trends at Delta has the airline bullish about its full-year 2019 performance and should indicate positive momentum for some competitors as well. The carrier grew year-over-year unit-revenues, or TRASM, 2.4% in Q1 to 16.70 cents, and sees the Q2 figure as being up 1.5%-3.5%, stronger than its most recent 1.5% guidance. Delta executives credit several factors for the strong revenue environment, including gains from a new American Express loyalty program and select international markets. But the most encouraging sign came in leisure fares. <br/>
