{"id":470402,"date":"2011-07-29T11:31:59","date_gmt":"2011-07-29T11:31:59","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/29\/delta-airlines-plans-fare-increases-to-offset-rising-fuel-prices\/"},"modified":"2011-07-29T11:31:59","modified_gmt":"2011-07-29T11:31:59","slug":"delta-airlines-plans-fare-increases-to-offset-rising-fuel-prices","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/29\/delta-airlines-plans-fare-increases-to-offset-rising-fuel-prices\/","title":{"rendered":"Delta Airlines plans fare increases to offset rising fuel prices"},"content":{"rendered":"
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You Are Here: Home<\/a> \u00bb Tourism<\/a> \u00bb Delta Airlines plans fare increases to offset rising fuel prices<\/p>\n

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Page last updated at Friday, July 29, 2011 11:11 AM \/\/ <\/span><\/div>\n

\"\"<\/a>In the face of rising aviation fuel prices, Delta Airlines considers raising fares as one of the options in dealing with the situation.<\/p>\n

In its financial results for the June quarter 2011, Delta\u2019s CEO, Richard Anderson was quoted as saying, \u201chigh fuel prices are putting significant pressure on the industry, but the benefits of Delta\u2019s strategic actions and the dedication of Delta employees are evident in the solid profit we produced despite more than $1 billion in higher fuel expense.\u201d<\/p>\n

He added \u201cOur revenue momentum, coupled with the capacity reductions we are making in September and actions to get our non-fuel costs to 2010 levels, will generate the margins we need to hit our return targets.\u201d<\/p>\n

The highlights of the result indicates that Delta\u2019s net income for June 2011 was $366 million or $0.43 per diluted share, excluding special items.<\/p>\n

According to the result, Delta\u2019s net income was $198 million, or $0.23 per diluted share, for the June 2011 quarter and the company showed a strong top line revenue growth of 12% year over year which helped to offset more than $1 billion higher fuel expenses.<\/p>\n

Delta generated $1 billion of operating cash flow and $700 million in free cash flow in the quarter.\u00a0 The company ended the June 2011 quarter with $5.6 billion in unrestricted liquidity, the result shows.<\/p>\n

The other responses to meet higher fuel prices include among others, The company\u2019s actions include; fuel surcharges and revenue initiatives to recover fuel cost increases through ticket prices; reducing its December quarter capacity by 4 \u2013 5% year over year, an incremental 1 point reduction from previous guidance, focused in markets where revenues do not cover higher fuel costs.<\/p>\n

Delta also plans to reduce domestic capacity from 1 \u2013 3% and international capacity will be down 4 \u2013 6%.\u00a0 In the transatlantic, Delta and its partners, Air France \u2013 KLM and Alitalia, established capacity levels as a single entity, leading to a combined reduction in transatlantic capacity of 7 \u2013 9% for the December quarter, it says.<\/p>\n

By Emmanuel K. Dogbevi<\/p>\n

Comments<\/h4>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

You Are Here: Home \u00bb Tourism \u00bb Delta Airlines plans fare increases to offset rising fuel prices Page last updated at Friday, July 29, 2011 11:11 AM \/\/ In the face of rising aviation fuel prices, Delta Airlines considers raising fares as one of the options in dealing with the situation. In its financial results for the June quarter 2011, Delta\u2019s CEO, Richard Anderson was quoted as saying, \u201chigh fuel prices are putting significant pressure on the industry, but the benefits of Delta\u2019s strategic actions and the dedication of Delta employees are evident in the solid profit we produced despite more than $1 billion in higher fuel expense.\u201d He added \u201cOur revenue momentum, coupled with the capacity reductions we are making in September and actions to get our non-fuel costs to 2010 levels, will generate the margins we need to hit our return targets.\u201d The highlights of the result indicates that Delta\u2019s net income for June 2011 was $366 million or $0.43 per diluted share, excluding special items. According to the result, Delta\u2019s net income was $198 million, or $0.23 per diluted share, for the June 2011 quarter and the company showed a strong top line revenue growth of 12% year over year which helped to offset more than $1 billion higher fuel expenses. Delta generated $1 billion of operating cash flow and $700 million in free cash flow in the quarter.\u00a0 The company ended the June 2011 quarter with $5.6 billion in unrestricted liquidity, the result shows. The other responses to meet higher fuel prices include among others, The company\u2019s actions include; fuel surcharges and revenue initiatives to recover fuel cost increases through ticket prices; reducing its December quarter capacity by 4 \u2013 5% year over year, an incremental 1 point reduction from previous guidance, focused in markets where revenues do not cover higher fuel costs. Delta also plans to reduce domestic capacity from 1 \u2013 3% and international capacity will be down 4 \u2013 6%.\u00a0 In the transatlantic, Delta and its partners, Air France \u2013 KLM and Alitalia, established capacity levels as a single entity, leading to a combined reduction in transatlantic capacity of 7 \u2013 9% for the December quarter, it says. By Emmanuel K. Dogbevi Comments <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470402","post","type-post","status-publish","format-standard"],"yoast_head":"\nDelta Airlines plans fare increases to offset rising fuel prices - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/07\/29\/delta-airlines-plans-fare-increases-to-offset-rising-fuel-prices\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Delta Airlines plans fare increases to offset rising fuel prices - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"You Are Here: Home \u00bb Tourism \u00bb Delta Airlines plans fare increases to offset rising fuel prices Page last updated at Friday, July 29, 2011 11:11 AM \/\/ In the face of rising aviation fuel prices, Delta Airlines considers raising fares as one of the options in dealing with the situation. In its financial results for the June quarter 2011, Delta\u2019s CEO, Richard Anderson was quoted as saying, \u201chigh fuel prices are putting significant pressure on the industry, but the benefits of Delta\u2019s strategic actions and the dedication of Delta employees are evident in the solid profit we produced despite more than $1 billion in higher fuel expense.\u201d He added \u201cOur revenue momentum, coupled with the capacity reductions we are making in September and actions to get our non-fuel costs to 2010 levels, will generate the margins we need to hit our return targets.\u201d The highlights of the result indicates that Delta\u2019s net income for June 2011 was $366 million or $0.43 per diluted share, excluding special items. According to the result, Delta\u2019s net income was $198 million, or $0.23 per diluted share, for the June 2011 quarter and the company showed a strong top line revenue growth of 12% year over year which helped to offset more than $1 billion higher fuel expenses. Delta generated $1 billion of operating cash flow and $700 million in free cash flow in the quarter.\u00a0 The company ended the June 2011 quarter with $5.6 billion in unrestricted liquidity, the result shows. The other responses to meet higher fuel prices include among others, The company\u2019s actions include; fuel surcharges and revenue initiatives to recover fuel cost increases through ticket prices; reducing its December quarter capacity by 4 \u2013 5% year over year, an incremental 1 point reduction from previous guidance, focused in markets where revenues do not cover higher fuel costs. Delta also plans to reduce domestic capacity from 1 \u2013 3% and international capacity will be down 4 \u2013 6%.\u00a0 In the transatlantic, Delta and its partners, Air France \u2013 KLM and Alitalia, established capacity levels as a single entity, leading to a combined reduction in transatlantic capacity of 7 \u2013 9% for the December quarter, it says. By Emmanuel K. 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