Brussels Attacks Clip Delta's Results
April 04 2016 - 11:30AM
Dow Jones News
Delta Air Lines Inc. on Monday said the deadly terrorist attack
in Brussels had a $5 million negative impact on its March results,
leading to a decline in a closely followed revenue metric.
Brussels' main airport reopened on Sunday to a small number of
passenger flights after being closed since twin suicide bombings
devastated its departure hall on March 22, killing at least 16
people and injuring scores more. An equal number died in the center
of the Belgian capital in a bombing attack on a subway station.
Delta said its consolidated passenger unit revenue—a key measure
of performance for the airline sector—fell 5% in March from a year
earlier. For the first quarter, unit revenue is projected to have
declined by about 4.5%
Delta said its overall traffic rose 1.2 in March. Capacity
increased 1.5% for the month, while load factor, or the percentage
of seats, slipped to 84.8% from 85% a year earlier.
The carrier said it projects it paid an adjusted $1.33 to $1.37
a gallon for fuel in the first quarter. Sustained low fuel costs
around the world have boosted profits for airlines, as fuel is one
of their biggest expenses.
For the first quarter last year, Delta generated $9.39 billion
in revenue. Analysts polled by Thomson Reuters expect $9.24 billion
in revenue when the company reports its first-quarter results.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
April 04, 2016 11:15 ET (15:15 GMT)
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