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Delta overall quarterly profit up 24.8pc, but cargo revenue down 19.7pc
DELTA Air Lines' posted a 24.8 per cent year-on-year third quarter pre-tax profit increase to US$2.2 million, but quarterly cargo revenues declined 19.7 per cent to $196 million.
"Our cargo business is facing a similar dynamic to our passenger business, with domestic performing well, while the international business is facing significant currency and related demand headwinds," said Delta president Ed Bastian.
Delta's year-to-date operating revenue for the cargo division also fell year on year, reporting a 10 per cent decline to $620 million.
Delta also reported a quarterly decline in fuel expenses by more than $1.1 billion year on year, as 50 per cent lower market fuel prices and an $87 million increase in profit at the refinery offset $250 million in settled fuel hedging losses
"Our cargo business is facing a similar dynamic to our passenger business, with domestic performing well, while the international business is facing significant currency and related demand headwinds," said Delta president Ed Bastian.
Delta's year-to-date operating revenue for the cargo division also fell year on year, reporting a 10 per cent decline to $620 million.
Delta also reported a quarterly decline in fuel expenses by more than $1.1 billion year on year, as 50 per cent lower market fuel prices and an $87 million increase in profit at the refinery offset $250 million in settled fuel hedging losses
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