Delta Air Lines says winter storms in February reduced revenue by $65 million
By Harry R. Weber, APTuesday, March 9, 2010
Delta says Feb. storms cut revenue by $65M
ATLANTA — Delta Air Lines says it lost $65 million in revenue because of the repeated winter storms in February, which forced it to cancel roughly 7,000 flights.
The airline provided the figures in a regulatory filing ahead of an investor conference on Tuesday.
Other airlines also have reported large revenue hits due to the storms.
Delta, based in Atlanta, also said in the filing that its liquidity at the end of March will be slightly lower than it previously expected.
At the same time, it says passenger unit revenue is up 16 percent in March year-over-year and corporate sales trends are improving.
Delta’s system capacity at the end of the first quarter will be down 4 percent to 5 percent compared to a year ago.