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Delta Air expects key revenue metric near upper end of forecast

Published 07/05/2017, 10:01 AM
Updated 07/05/2017, 10:10 AM
© Reuters. Passengers check in at a counter of Delta Air Lines in Mexico City
DAL
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(Reuters) - Delta Air Lines Inc (N:DAL) said it expects a closely watched performance metric to be near the upper end of its second-quarter forecast, citing improving revenues.

Passenger unit revenue - which compares sales to flight capacity - rose about 2.5 percent in the three months ended June, the No. 2 U.S. airline said on Wednesday.

The airline had forecast passenger unit revenue to increase in the range of 1 percent to 3 percent in the quarter.

Delta also raised the lower end of its operating margin forecast to 18 percent from 17 percent, while retaining the upper end at 19 percent.

© Reuters. Passengers check in at a counter of Delta Air Lines in Mexico City

The company's shares rose about 1 percent to $54.45 in early trading.

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