Delta reports 9.5% revenue decrease in August 2016

Delta Air Lines (NYSE: DAL) has reported consolidated passenger unit revenue (PRASM) for the month of August declined 9.5 percent year over year, the company said.

The company said it continues to see pressure from close-in domestic yield weakness, the ongoing supply-demand imbalance in the Transatlantic, and headwinds from its Yen hedge positions.

In addition, the outage Delta suffered in August resulted in 2,300 cancelled flights over a three-day period. The outage and subsequent operational recovery efforts negatively impacted August revenue by approximately USD100 million or two points of PRASM.

Delta Air Lines serves nearly 180 million customers each year. Delta and the Delta Connection carriers offer service to 321 destinations in 56 countries on six continents.