Delta Air Lines (DAL) Posts Q3 EPS of 42c
Delta Air Lines (NYSE: DAL) reported Q3 EPS of $0.42, which may not compare with the analyst estimate of $1.18. Revenue for the quarter came in at $11.18 billion versus the consensus estimate of $11.11 billion.
Delta's operating revenue improved 7 percent, or $688 million, in the September 2014 quarter compared to the September 2013 quarter, driven by continued strength in corporate and domestic revenues. Traffic increased 3.7 percent on a 3.2 percent increase in capacity.
- Passenger revenue increased 6 percent, or $522 million, compared to the prior year period. Passenger unit revenue (PRASM) increased 2.4 percent year-over-year with a 1.9 percent improvement in yield. Seat-related products and other merchandising initiatives increased revenues by nearly $50 million versus the prior year period.
- Cargo revenue increased 7 percent, or $15 million, on higher freight yields and volumes.
- Other revenue increased 15 percent, or $151 million, driven by joint venture, SkyMiles revenues, and third-party refinery sale
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