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Delta Air Lines slides after revenue metric disappoints

  • Delta Air Lines (DAL -4.8%) reports passenger revenue per available seat mile rose 4.5% in June. Expectations for the metric were higher for the month.
  • The carrier notes capacity increases in the industry and lower Latin America business demand due to the World Cup impacted results.
  • Q2 guidance from Delta is for operating margin of 14%-16% and for a 6% gain in passenger unit revenue.
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