Delta Air Lines income up 45% YoY

Delta Air Lines (NYSE: DAL) today reported financial results for the September 2015 quarter, including adjusted net income of USD1.4 billion or USD1.74 per diluted share, up 45 percent from the September quarter of 2014.

Delta´s operating revenue for the September quarter decreased 0.6 percent, or USD71 million, including USD235 million in foreign currency pressures. Passenger unit revenues declined 4.9 percent, 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 percent and expanding its Basic Economy product to over 450 markets. In total, Branded Fares products produced more than USD75 million in incremental revenue in the September quarter.

“Our commercial initiatives are delivering solid benefits as we´ve expanded our revenue premium to the industry, strengthened our hubs in New York, Seattle and Los Angeles, and deepened our partnerships around the globe. However, low fuel prices and foreign currency have pressured our revenue performance,” said Ed Bastian, Delta´s president.