Delta Air Lines expects to make a profit in the second quarter, even amid continuing high fuel prices that have prompted flight and workforce cuts, AJC writer Kelly Yamanouchi reports.
The Atlanta-based airline said in a regulatory filing Monday it expects a “solidly profitable” April-June quarter, adding that higher revenue has “largely offset” a more than $1 billion increase in fuel expense year over year, Yamanouchi writes.
Airlines have raised fares to cover high oil costs, and Delta said unit revenue — the amount from each passenger — is up 10 percent for the second quarter compared to the prior-year period, Yamanouchi reports.
Delta expects its operating margin to be 6.5 percent to 7 percent for the quarter, Yamanouchi writes.
Also in the AJC:
In other media:
- Henry Unger, The Biz Beat
For instant updates, follow me on Twitter.