Delta Air Lines September quarter profit up 45%

Delta Air Lines reported financial results for the September 2015 quarter, including adjusted net income of US$1.4bn up 45% from the September quarter of 2014. Delta’s operating revenue for the September quarter decreased 0.6%, or US$71m, including US$235m in foreign currency pressures. Passenger unit revenues declined 4.9%, which includes approximately 2.5 points of impact from foreign currency. Delta continues to successfully implement its Branded Fares initiative, increasing paid first class load factor by 8 points to 56% and expanding its Basic Economy product to over 450 markets. In total, Branded Fares products produced more than US$75m in incremental revenue in the September quarter.