Delta Air Lines' 3rd quarter profit drops

Delta Air Lines (DAL) reported financial results for the September 2016 quarter. Adjusted pre-tax income for the September 2016 quarter was US$1.9bn, a US$278m decrease from the September 2015 quarter. The technology outage and subsequent operational recovery Delta experienced over four days in early August reduced pre-tax income for the quarter by an estimated US$150m. Delta’s operating revenue for the September quarter decreased 5.6%, or US$624m, of which US$100m was due to the outage and US$70m was from prior year Yen hedge gains. Passenger unit revenues declined 6.8%, including nearly 2 points of impact from the outage and Yen hedges, on a 1.5% increase in capacity.