Delta had predicted a month ago that the figure — revenue for each seat flown one mile — would rise by between 2 percent and 4 percent for the key July-through-September quarter, but on Wednesday it lowered the outlook to between 2 percent and 3 percent. The statistic typically rises when an airline fills more seats, charges higher average fares, or both.
The airline said the revenue figure would have increased by 3 percent last month but was held down by "events in
Delta also slightly increased its forecast for third-quarter fuel expense.
Within minutes of Wednesday's opening bell, Delta shares had fallen by
Delta was able to pack a few more passengers on U.S. flights. Overall, the average flight in August was 87.6 percent full, up from 87.3 percent in
Delta, the third-largest airline operator, said passengers flew 20.03 billion miles last month, up 3.1 percent from
The airline raised passenger-carrying capacity by 2.7 percent. Airlines usually increase capacity by adding flights or using bigger planes.
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