That was partly offset from a $50 million fuel savings due to the grounded flights.
Delta said it earned adjusted income of $971 million in the quarter, down 26% from a year earlier, on adjusted revenue of $14.6 billion in the quarter, essentially unchanged from a year ago, despite the hit to revenue from the service meltdown.
But that was offset by a 3% increase in miles flown by passengers, as passengers soon returned to travel on Delta despite the service problems.
And it reported a 9% drop in average fuel prices paid, the second largest cost at the airline behind labor costs.
“I think you’re going to see it across consumer discretionary purchases as a whole,” “People want to find out what happens.
Persons:
Hurricane Helene, ”, Bastian, ” Bastian
Organizations:
New, New York CNN — Delta Air Lines, CNBC
Locations:
New York, Hurricane, Delta