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Delta Offers Airline Bright Spot on Pricing Amid United's Fiasco

  • Carrier sees unit-revenue increase of up to 3% this quarter
  • Storm cancellations to reduce pretax profit by $125 million
Delta Air Lines Inc. airplanes
Photographer: Andrew Harrer/Bloomberg
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Delta Air Lines Inc. projected that fares and profits would strengthen this year, giving other carriers a boost as United Continental Holdings Inc.’s customer-service fiasco dominated headlines and social media.

Passenger revenue for each seat flown a mile is expected to climb as much as 3 percent in the second quarter, Delta said in a statement Wednesday. That potential end to a two-year slide in the pricing-power gauge helped boost airlines to the biggest advance among industry groupings on the S&P 500 Index.