Delta Air Lines said on Wednesday it expected a smaller decline in fourth-quarter passenger unit revenue, a closely watched metric, than it had previously forecast, citing strong demand in December.
Delta’s revised passenger unit revenue forecast for the quarter ending December comes weeks after it came out with an improved number on its investor day last month.
Shares of the second-biggest US airline by passenger traffic were up 2.2 per cent at US$50.56 in morning trading.
Delta said it expects passenger unit revenue, which compares sales to flight capacity, to be down 2.5 to 3 per cent for the quarter, compared with its December forecast of a decline of 3 per cent.
The airline had initially projected December-quarter passenger unit revenue to drop as much as 5 per cent. The company said on Wednesday it expected capacity growth of about 1 per cent in the quarter.
* Reuters
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