Delta reports July financial and operating performance

The FINANCIAL — Delta on August 2 reported financial and operating performance for July 2016, amid a decline in unit revenues. 

Consolidated PRASM (passenger revenue per available seat-mile) for July was down 7 percent compared to the same timeframe a year ago, according to Delta’s press release.

The airline said the decline is due to close-in domestic yield weakness – or pricing on business travel tickets purchased close to the time of travel – the ongoing supply-demand imbalance in the trans-Atlantic, and headwinds from the company’s Yen hedge positions.

Mainline completion factor – the percentage of flights that were not canceled – came in at 99.7 percent for the month, with preliminary data showing 81.6 percent of those flights arriving on time in July.