Shares of Delta Air Lines Inc. DAL, -1.99% fell 1.3% in premarket trading Tuesday, after the air carrier reported a decline in November load factor, as growth in seat supply outpaced demand growth. Total system load factor fell to 84.0% from 85.8% a year ago, as domestic load factor dropped to 84.2% from 87.0% while international load factor was unchanged at 83.5%. Overall capacity increased 4.0% to 20.41 billion available seat miles and traffic edged up 1.8% to 17.14 billion revenue passenger miles, as domestic capacity rose 4.9% and domestic traffic grew 1.5% while international capacity growth of 2.4% matched traffic growth. Delta’s stock has slipped 0.9% over the past three months, while the Dow Jones Transportation Average DJT, -2.19% has gained 7.4% and the Dow Jones Industrial Average DJIA, -1.01% has advanced 6.4%.
Delta Air's November load factor falls as seat supply growth outpaces demand; stock drops
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