Delta unit revenues hit by demand and yen devaluation in April

Washington DC
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Delta Air Lines reports a 2% decline in passenger revenue per available seat mile (PRASM) in April, compared with a year earlier.

The monthly decrease in passenger unit revenue is Atlanta-based Delta's first since it began reporting the metric in January 2012. It attributes the decline to soft demand in its domestic network and a one to two percentage point negative impact from the Japanese yen devaluation in its Pacific network.

Delta's PRASM increased 11% in April 2012 versus a year earlier.

Traffic decreased by 0.7%, while capacity increased by 0.5%. The load factor was down one percentage point to 81.8%.

Domestic traffic decreased 1.3% on a 1.8% increase in capacity. The load factor was down 2.6 percentage points to 82.8%.

International traffic increased by 0.2% on a 1.5% decline in capacity. The load factor was up 1.4 percentage points to 80.4%.