Delta Air (DAL) Reports PRASM Rose 2.5% in November

December 4, 2012 9:06 AM EST
Delta Air Lines (NYSE: DAL) reported financial and operating performance for November 2012.

During the month of November, Delta's unit revenues improved 2.5 percent versus prior year, primarily due to corporate revenue gains, continued capacity discipline and strong Thanksgiving demand. The company is estimating that the effect of Superstorm Sandy early in November negatively impacted November revenues by $30 million and reduced November profit by approximately $25 million. Delta's November unit revenue improvement was approximately one point lower than it would have been without the storm impact.

The storm also negatively impacted the company's refinery start up, slowing production and efficiency levels at the plant. As a result of lower Trainer contribution, the company now expects its fourth quarter fuel price to be $3.20 - $3.25 per gallon.

November represented another month of strong operational performance at Delta. The company's completion factor was 99.6 percent and 90.6 percent of flights arrived on-time, a nearly 2 point improvement year over year.

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