Delta Q3 passenger traffic rises 3%, load factor improves 150 bps despite Hurricane Irma
Delta Air Lines rallied on Tuesday after the company issued better-than-expected guidance for the third quarter passenger unit revenue. Despite fall in passenger traffic in September 2017, Delta management expects passenger unit revenue to increase by 2% for the quarter ended September 2017.
In September, operations of few US-based airlines including Delta were affected by the Hurricane Irma. Bad weather conditions forced Delta to cancel 22,000 flights in the last month. As a result, the carrier reported a drop of 2.3% (on a year-on-year basis) in the number of passengers carried during September.
Heckyl’s alternative data platform FiND did not show any major impact of Hurricane Irma on Delta’s operational performance for the quarter ended September 2017. Our analysis showed a growth of 3% (on a y-o-y basis) in the number of passengers carried by Delta during the quarter ended September 2017.
At the same time, available seat miles (ASM) and revenue passenger miles (RPMs) moved up 1.66% and 3.44% respectively in the third quarter of the financial year 2017 when compared with the same period last year. As a result, Delta’s load factor improved by 150 basis points during the quarter ended September 2017.
On the whole, Delta’s impressive performance on the key operational metrics during the third quarter helped the Delta management to surprise the market with better-than-expected guidance.
FiND collects and organizes structured and unstructured data to provide unique insights into airlines’ operating and financial performance. Insights derived from Heckyl platform can help to detect hidden trends and patterns for the companies and the airline industry at large.
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