Transportation Sector Review: Delta Report, Union Pacific CEO Taking Leave

Delta Air Lines, Inc. (NYSE:DAL): Reported February’s consolidated passenger unit revenue increased 13.0% compared to the prior year period, driven by a strong increase in Atlantic load factor and Pacific yields. The increase in capacity resulting from Delta’s 2.7 point improvement in completion factor due to exceptional weather and operating performance negatively impacted PRASM by one point from previous expectations. The company reported its total sytem RPMs were up 2.6% and total system ASMs were down 1.7%.
The shares closed at $9.77, up $0.13, or 1.35%, on the day. Its market capitalization is $8.26 billion.
Union Pacific Corporation (NYSE:UNP): Union Pacific announced that its chairman, president and chief executive officer James R. Young will take a medical leave of absence from his responsibilities as president and chief executive officer while he is being treated for recently diagnosed pancreatic cancer. He will remain chairman of the board during his treatment.
The shares closed at $110.89, down $0.64, or 0.57%, on the day. Its market capitalization is $53.23 billion.
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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

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