Delta Reports 62% Rise in Fuel Expense as Travel Demand Holds

Delta’s adjusted fuel expense jumped 62% to $4.1 billion in the September quarter, but strong travel demand helped lift operating revenue and passenger sales despite largely unchanged capacity. Adjusted operating revenue reached $17.6 billion for the quarter ended Sept. 30, up 16% from a year earlier. Adjusted total revenue per available seat mile increased 15%, while capacity was essentially flat. The airline’s adjusted fuel price averaged $3.61 per gallon, including a 13-cent-per-gallon refinery benefit. Under generally accepted accounting principles, aircraft fuel and related taxes totaled $4.351 billion, up 69% from $2.570 billion a year earlier.

Source: TokenPost