Delta Lost $100 Million During Computer Meltdown, But It May Have Bigger Problems
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You might think investors would be most concerned with overall airline profits, which remain high. But they're not. Instead, they're fretting about unit revenues.
Delta Air Lines reported Friday it lost about $100 million in revenue in August from its multi-day computer system meltdown, but for investors, that one-time hit is not the biggest concern.
Instead, investors are closely watching Delta's passenger revenue per available seat mile, or PRASM, an industry metric measuring how much money an airline makes for every mile it flies. Delta said Friday its consolidated passenger r
