Dec. 14 (Bloomberg) -- Delta Air Lines Inc. raised its operating margin guidance for the current quarter to as much as 8 percent, from 5 to 7 percent previously, amid higher fares.
The world’s second-largest carrier reiterated plans to cut capacity by as much as 5 percent in the current quarter, most of it on trans-Atlantic routes, according to a regulatory filing today before an investor day event in New York. Unit revenue, a measure of fares, will jump 11 to 12 percent, the Atlanta-based company said.
Delta also reaffirmed plans to further trim capacity by 2 to 3 percent next year. United Airlines and Continental Airlines merged last year, surpassing Delta as the world’s biggest carrier.
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