Delta Air Lines Revenues Pounded by Hurricane Irma Impact
Delta Air Lines has reported adjusted pre-tax income for the September 2017 quarter of $1.7 billion, a $182 million decrease from the same period last year.
Pre-tax income includes a $120 million reduction from the operational disruption following Hurricane Irma that hit the Caribbean, Florida, Georgia and, specifically, Delta’s hub in Atlanta.
To assist customers and employees in affected regions, Delta operated nine humanitarian flights, added more than 12,000 additional seats to impacted cities and shipped more than 600,000 pounds of relief supplies.
Delta’s operating revenue of $11.1 billion for the September quarter was up 5.5 percent, or $577 million versus prior year, despite a $140 million reduction from Hurricane Irma.
Passenger revenue increased $328 million, including $160 million from Delta’s Branded Fares initiatives. Passenger unit revenues increased 1.9 percent on 1.6 percent higher capacity.
Cargo revenue increased 11.5 percent, driven by higher volumes in freight and mail. Other revenue increased 18.4 percent primarily due to higher loyalty revenue and third-party refinery sales.