Delta revenue stable despite weak demand

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Delta Air Lines sees stable revenues this quarter, even as demand slipped in April.

"Our revenues are not soft, they are stable," says Ed Bastian, president of the Atlanta-based carrier, at the Bank of America Merrill Lynch 2013 Global Transportation Conference in Boston today. He adds that the airline will not post the same level of growth that it has during the past few years.

The comments come after the airline reported its first monthly decline in passenger unit revenues in April since it began reporting the metric in January 2012. Passenger revenue per available seat mile (PRASM) was down 2% year-on-year during the month.

Bastian says that passenger unit revenues are on track to be flat to up 1% in May.

"We see a lot of room for continued optimism," he says.

Delta's outlook for summer - June, July and August - travel is "strong", says Bastian. Advance bookings are "solid" for the period, he adds.

The airline has said that it could trim off-peak capacity during the period if demand remains weak.

Delta anticipates capacity to be down 1% to up 1% during the second quarter.