ATLANTA (AP) — Delta Air Lines said on Wednesday that a key measure of passenger revenue rose 4 percent in August, as growth in most of the places it flies offset pressure from Japan.
Airlines measure how much revenue they collect for each seat flown one mile, which smooths out ups and downs from added or canceled flights.
Delta said it saw strong performance in its domestic, trans-Atlantic, and Latin American markets. But pressure from a weaker Japanese yen pushed the revenue gain down by 1.5 percentage points. Delta has a hub in Tokyo, and sells some tickets in yen, so a weaker yen hurts its revenue.
August traffic rose 2.7 percent. Flying capacity rose 3.3 percent, including a 4 percent gain in international flying and a 2.7 percent gain in domestic flying.
Because Delta added more flying capacity than passengers, occupancy fell 0.5 percentage points, to 87.3 percent.
For the first eight months of the year, Delta's traffic rose 0.6 percent, and flying capacity has risen 0.3 percent. Occupancy rose 0.3 percentage points, to 84.3 percent.
Shares of Delta Air Lines Inc. rose 47 cents, or 2.4 percent, to $20.31 in trading Wednesday. They are near the high end of their 52-week range of $8.42 to $22.05.