Delta’s cargo ton miles inched up by 0.8-percent, year over year, in March, ending the month at 207,974 tons.
For the first three months of the year, Delta’s cargo tonnage of 561,796 was good for a 1.3-percent year-over-year increase.
Unit revenues for March increased by 2 percent, year over year, propelled by transatlantic and Latin American activity. According to Cowen Securities, this improvement will likely lead to the carrier’s first first quarter profit in more than 10 years. The securities firm expects strong profit growth through this year and in 2014.
One aspect driving these profits is a reduction in fuel costs. Delta officials dropped their jet fuel price guidance by 8 cents. Non-fuel cost predictions have dropped from between 6 and 7 percent to between 5 and 6 percent due to cost-cutting initiatives. - Jon Ross