DAL - Decline in Delta Air Lines' Q1 Cargo Revenue Has Silver Lining | Benzinga
The rate of decline in cargo revenue at Delta Air Lines (NYSE: DAL) slowed further in the first quarter, reflecting an overall improvement in global market conditions for airfreight.
Atlanta-based Delta on Wednesday reported record first-quarter adjusted revenue of $12.6 billion, but cargo revenue fell 15% year over year to $178 million. The world's second-largest passenger airline by passengers carried almost never mentions cargo beyond a line on the income statement, but the earnings news release twice said cargo and maintenance service were nearly a 1-point drag on total unit revenue, which dipped 0.7% year over year.
Delta's cargo revenue during the fourth quarter, the busiest period for freight, fell 24% to $188 ...