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Tribune News Service
Tribune News Service
Business
Kelly Yamanouchi

High air fares help Delta climb above fuel, payroll costs

Delta Air Lines reported a $695 million profit for the third quarter of this year, with pricey air fares bringing in record revenue that covered higher costs for fuel and payroll and then some.

Atlanta-based Delta’s unit revenue — an industry measure of how much a passenger pays to fly each mile — was up 23% in the quarter compared with 2019.

Delta in the third quarter flew 17% less capacity than it did in the same period of 2019, yet brought in 3% more revenue, boosted by higher prices for flights.

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