Industrials
Airlines
$37.75B
103K
Key insights and themes extracted from this filing
Total operating revenue reached $16.658 billion, a 7% increase compared to the same quarter last year, primarily due to an 8% increase in capacity. However, passenger revenue increased by only 5%, indicating a decrease in yield.
Operating income for the quarter was $2.3 billion, a decrease of $224 million compared to the same quarter last year. This is despite the increase in revenue, indicating rising costs.
Total operating cost per available seat mile (CASM) increased by 2% compared to the June 2023 quarter. Non-fuel unit cost (CASM-Ex) increased by 0.6%, primarily due to higher employee costs from increased wages.