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Delta Air Lines (DAL) Stock Up Despite Drop in Passenger Unit Revenue

NEW YORK (TheStreet) -- Delta Air Lines (DAL) reported that consolidated passenger unit revenue (PRASM) fell 9.5% year-over-year in August due to weakness in close-in domestic yields, oversupply in the Transatlantic and headwinds from Yen hedge positions.

Additionally, a massive outage last month negatively impacted the Atlanta-based airline operator's August revenue by about $100 million, or 2%, as 2,300 flights were canceled over three days, Delta said in a statement.

Even excluding the impact of the outage...