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Delta sees unit revenue rising, shares jump

Reuters 

(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday, helped by a busy holiday travel season, and forecast even better performance in the current quarter, sending its shares up almost 3 percent in premarket trading.The No. 2 U.S. carrier forecast total unit revenue, a measurement closely watched by investors, to increase by 2.5 percent to 4.5 percent in the first quarter of 2018."We enter 2018 with significant momentum and every entity delivering positive passenger unit revenue for the first time in five years, driven by a robust demand ...

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First Published: Thu, January 11 2018. 18:32 IST
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