Delta Air Lines (NYSE: DAL) has reported financial results for the March quarter 2018, the company said.
Adjusted pre-tax income for the March 2018 quarter was USD 676 million, a USD 104 million decrease from the March 2017 quarter, as record revenues were offset by higher fuel prices and other increased costs including a USD 44 million impact from severe winter weather.
Delta´s adjusted operating revenue of USD 9.8 billion for the March quarter improved 8 percent, or USD 715 million versus the prior year. This revenue result marks a March quarter record for the company, and was driven by improvements across Delta´s business, including a 23 percent increase in cargo revenue and a USD 78 million increase in total loyalty revenue. Delta´s Branded Fares initiative drove USD 421 million in premium upsell revenue in the period, a 23 percent increase from the prior year.
Total unit revenues excluding refinery sales (TRASM) increased 5.0 percent during the period, with foreign currency contributing just over 0.5 points of benefit. This marks the fourth consecutive quarter of year-over-year growth, with all geographic regions delivering positive results.
Delta Air Lines serves more than 180 million customers each year. In 2018, Delta was named to Fortune´s top 50 Most Admired companies in addition to being named the most admired airline for the seventh time in eight years. Additional information is available on delta.com, Twitter @DeltaNewsHub, Google.com/+Delta, and Facebook.com/delta.