US air carrier Delta Air Lines Inc. (NYSE: DAL) reported a -2.3% drop in passenger miles for the month of December. Total capacity declined -3.3% year-over-year. Earlier in the day US Airways (NYSE: LCC) reported a 3.6% increase in passenger traffic in December.
Delta’s shares are up more than 3% today at $8.26 in a 52-week range of $6.41-$13.11. US Air shares are up nearly 8% at $5.43 in a 52-week range of $3.96-$11.56.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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