NEW YORK: Delta Air Lines Inc. said its revenue for August was reduced by about $100 million due to an outage that led to the cancelation of 2,300 flights over three days.
Passenger revenue per available seat mile (PRASM), a key measure of an airline’s performance that measures sales against flight capacity, declined 9.5 percent in August from a year earlier, its biggest drop in nine months.
Excluding the impact of the outage, Delta’s unit revenue was below expectations, J.P. Morgan’s Jamie Baker wrote in a note.
Baker said he expects Delta to cut its third-quarter operating margin to at least 17-19 percent from its current forecast of 19-21 percent.
The No. 2 US airline by passenger traffic said last month a power outage hit its computer systems, leading to the flight cancelations.
Delta in July forecast a drop of 4-6 percent in PRASM for the third quarter ending September.
Delta Air outage hurts August revenue by about $100m
