Supporting German Cultural Goethe Institute’s project : “Stretched Terrains – The Mobile Museum on its Way to Dak’Art” Lufthansa Group operates 240 weekly flights to 42 destinations in 28 African countries. Lufthansa and Brussels Airlines are supporting “Stretched Terrains – The Mobile Museum on its Way to Dak’Art”, a residency program for young artists from […]
Writer reasons that federal governnent’s plan to upgrade the Akanu Ibiam International Airport, Enugu, with modern facilities will attract more flights to the airports and boost the economy of the state The Minister of State, Aviation, Senator Hadi Sirika recently embarked on facility tour of the Akanu Ibiam International Airport, Enugu and the Benin Airport as government […]
One of the major challenges faced by travel agencies in Nigeria is how to deal with those who use the platform to defraud travellers huge amount of money. THISDAY learnt that the National Association of Nigeria Travel Agencies (NANTA) is beset with reports of these swindlers, who frustrate unsuspecting Nigerians from travelling, after they […]
It is feared that 2018 may be a tragic year in aviation history owing to the high air accidents recorded in the first four months. About 257 persons died on April 11, 2018 in an accident involving Algerian military plane. The Nigerian Civil Aviation Authority (NCAA) said the rising air accidents across the globe, are […]
Marchquarter 2018 GAAP pre-tax income of $718 million, net income of $547 million and earnings per diluted share of$0.77 on record revenue of $10.0 billion Marchquarter 2018 adjusted pre-tax income of $676 million, adjusted net income of $523 million and adjusted earningsper diluted share of $0.74 Deltareturned $542 million to shareholders through dividends and share repurchases Delta Air Lines has reported financial results for the March quarter 2018. Highlights of those results, including both GAAP and adjusted metrics,are below and incorporated here. Adjusted pre-tax income for the March 2018 quarter was $676 million, a $104 million decrease from the March 2017 quarter, as record revenueswere offset by higher fuel prices and other increased costs including a $44 million impact from severe winter weather. “The Delta people delivered a strong March quarter, and our record revenue was a direct result of the great service and operational reliability theyprovided for our customers. It’s an honor to recognize their hard work with $183 million toward our 2018 profit sharing,” said Ed Bastian, Delta’schief executive officer. “We have confidence in our plan to grow earnings in 2018 through top-line growth, improving our cost trajectory, andleveraging our international partnerships.” Revenue Environment Delta’s adjusted operating revenue of $9.8 billion for the March quarter improved 8 percent, or $715 million versus the prior year. This revenueresult marks a March quarter record for the company, and was driven by improvements across Delta’s business, including a 23 percent increase incargo revenue and a $78 million increase in total loyalty revenue. Delta’s Branded Fares initiative drove $421 million in premium up-sell revenue in the period,a 23 percent increase from the prior year. Total unit revenues excluding refinery sales (TRASM) increased 5.0 percent during the period, with foreign currency contributing just over 0.5points of benefit. This marks the fourth consecutive quarter of year-over-year growth, with all geographic regions delivering positive results. “We are seeing Delta’s best revenue momentum since 2014, with positive domestic unit revenues, improvements in all our international entities,strong demand for corporate travel and double-digit increases in our loyalty revenues,” said Glen Hauenstein, Delta’s president. “With our solidpipeline of commercial initiatives, delivered with industry-leading Delta service, we expect to maintain this momentum and deliver total revenuegrowth of 4 to 6 percent for the full year.”
