April 4, 2017 / 1:30 PM / 4 months ago

Delta Air cuts forecast for key revenue metric

1 Min Read

April 4 (Reuters) - Delta Air Lines Inc on Tuesday lowered its forecast for a closely watched revenue metric, citing slower-than-expected improvement in average fares for flights booked at the last minute.

The No. 2 U.S. airline said it expects passenger unit revenue - which compares sales to flight capacity - to fall about 0.5 percent in the first quarter ended March. (bit.ly/2oVfqGu)

The airline had previously expected first-quarter passenger unit revenue to be about flat.

Delta's shares were down 1.1 percent at $45.80 in premarket trading. (Reporting by Ankit Ajmera in Bengaluru; Editing by Sai Sachin Ravikumar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below