Delta PRASM down 5% YoY in March

Delta Air Lines (NYSE: DAL) reported consolidated passenger unit revenue (PRASM) for the month of March declined 5.0 percent year over year, the company said.

Results for the month include a 1.5 point headwind from foreign exchange and a USD5 million impact from the recent events in Brussels. While there was pressure on close-in yields during the month, demand remains solid with forward bookings tracking ahead of last year.

In an Investor Update, Delta said it expects operating margin to be in the 18 percent – 19 percent range and its unit revenue to decline approximately 4.5 percent for the March quarter.

Delta Air Lines serves nearly 180 million customers each year. Including its worldwide alliance partners, Delta offers customers more than 15,000 daily flights, with key hubs and markets including Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK and LaGuardia, London-Heathrow, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita.