Delta says 'cautiously optimistic' about revenue environment
Says faced "weakest revenue environment in recent memory" in Q3. Apologizes for outage, says has taken action "to make sure something like this doesn't happen again." Says outage was a one-time event, says persistent decline in unit revenues "a trend." Says focusing on firming trends to reach positive unit revenues in early 2017. Says trans-Atlantic "more challenging" than expected in Q3, cites terror attacks, U.K. pound decline due to Brexit, competition. Sees path to positive domestic RASM in December-January timeframe. Says Latin America unit revenues improved for the first time in 2.5 years in Q3. Says "cautiously optimistic" about unit revenue trends company is starting to see. Says will move quickly to make changes if unit revenue stays weak. Comments taken from the Q3 earnings conference call. Delta is down 0.6% to $39.03 in morning trading.