Delta Saw Unit Revenue Drop In July

Delta Air Lines' passenger unit revenue fell in July compared to a year earlier as the strong US dollar, lower surcharges abroad and excess seats on flights from some US cities weighed down sales relative to capacity.

The Atlanta-based carrier said passenger unit revenue fell 3 percent in the month. It forecast last month that the closely watched metric will decline between 4.5 percent and 6.5 percent for the entire quarter.

Delta has said that unit revenue would decline more in August than in July and September.