ATLANTA, GA – Delta Air Lines today reported financial and operating performance for March 2016.
Consolidated passenger unit revenue (PRASM) for the month of March declined 5.0% year over year. Results for the month include a 1.5 point headwind from foreign exchange and a $5 million impact from the recent events in Brussels. While there was pressure on close-in yields during the month, demand remains solid with forward bookings tracking ahead of last year.
In an Investor Update issued this morning, Delta announced that it expects operating margin to be in the 18% – 19% range and its unit revenue to decline approximately 4.5% for the March quarter.
The company’s financial and operating performance is detailed below.
Preliminary Financial and Operating Results
March consolidated PRASM change year over year (5.0)%
March mainline completion factor 99.9%
March on-time performance (preliminary DOT A14) 87.8%