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Delta’s Traffic Growth Beat the Capacity Growth Rate

Andrew Brunton
Delta’s Traffic Growth Beat the Capacity Growth Rate

Delta Air Lines (DAL) reported its November operating performance on December 4. In November, the airline’s traffic (revenue passenger miles) grew 4.2% YoY (year-over-year)—higher than its capacity growth of 3.8% during the same period. Delta has reported traffic growth in every month of 2018 except January. Year-to-date through November, the company’s traffic growth rate was 3.3%—almost on par with the capacity growth rate of 3.4%.