ATLANTA — Delta’s stock fell 3.4 per cent on Tuesday after the ******* said it took a $30 million hit from ********* Florence and is paying more for fuel.
Last month’s ********* caused at least 3,500 flight cancellations, mostly in the Carolinas. Delta said on Sept. 17 that it cancelled 275 to that point and was still dealing with disruptions at two airports. The company did not give a figure in a regulatory update on Tuesday.
Delta Air Lines Inc. said that third-quarter revenue for every seat flown one mile rose between 4 and 4.5 per cent, a sign of rising prices.
It said the extra revenue will help “partially offset” a 35 per cent increase in spot fuel prices in the past year.
The Atlanta-based ******* expects to report adjusted profit of $1.70 to $1.80 per share for the third quarter. Analysts expected $1.78.
Its stock closed down $1.91, at $54.69. Other leading U.S. ******* stocks fell by smaller percentages.