Most Of Airline Stocks Remain In Green After Delta Air Lines, Inc. (NYSE:DAL) November Traffic Data

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Most Of Airline Stocks Remain In Green After Delta Air Lines, Inc. (NYSE:DAL) November Traffic Data

Airlines shares remained in the positive territory on Friday after Delta Air Lines, Inc. (NYSE:DAL) reported that its total system load factor increased 0.9 points to 85.0 percent in November from 84.1 percent in the previous year. However, for the year-to-date period, load factor shed 0.5 points to 84.5 percent.

The company indicated that its consolidated passenger unit revenue (PRSAM) fell 1.0 percent in November. The airliner sees continued stabilization of domestic yields, as well as, positive unit revenues in Latin America.

Delta’s total system revenue per mile (RPM) edged up by 0.3 percent in November driven by 3.8 percent growth in the domestic segment. The International segment witnessed a fall of 6.1 percent thus restricting the overall gain.

As far as average seat miles (ASM) is concerned, the total system recorded a drop of 0.7 percent hurt by 6.0 drop in International division. The domestic segment managed to gain 2.3 percent, which was not enough to compensate the weakness in the global division.

Separately, Reuters reported that Delta Airlines indicated that the new contract entered with the pilots would result in lowering operating profit margin in the fourth quarter. As a result, the company now expects operating margin of 9.5 – 10.5 percent compared to 14 – 16 percent projected earlier by it.

Following the news, Delta traded up 1.51 percent to $48.46. Other notable gainers in the airline sector are given below: