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Press release from PR Newswire

Delta Reports February Operational and Financial Performance

Friday, March 02, 2012

Delta Reports February Operational and Financial Performance09:44 EST Friday, March 02, 2012ATLANTA, March 2, 2012 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported its operational and financial performance for February 2012.(Logo:  http://photos.prnewswire.com/prnh/20090202/DELTALOGO )February's consolidated passenger unit revenue (PRASM) increased 13.0 percent compared to the prior year period, driven by a strong increase in Atlantic load factor and Pacific yields. The increase in capacity resulting from Delta's 2.7 point improvement in completion factor due to exceptional weather and operating performance negatively impacted PRASM by one point from previous expectations.Delta employees delivered excellent operational performance for our customers.  The company's preliminary DOT on-time arrival rate of 90.0 percent was 11.5 points higher year-over-year and its mainline completion factor increased 2.7 points to 99.7 percent.The company's financial and operational performance is detailed below.Preliminary Financial and Operational Results ? February 2012Consolidated PRASM change year over year13.0%Consolidated average fuel price$3.35On-time performance (preliminary DOT A14)90.0%Mainline completion factor99.7%Note: Fuel price includes taxes, transportation, settled hedges, and hedge premiums, but excludes mark to market adjustments on open hedges.Delta Air Lines serves more than 160 million customers each year. During the past year, Delta was named domestic "Airline of the Year" by the readers of Travel Weekly magazine, was named the "Top Tech-Friendly U.S. Airline" by PCWorld magazine for its innovation in technology and won the Business Travel News Annual Airline Survey. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 343 destinations in 62 countries on six continents. Headquartered in Atlanta, Delta employs 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. A founding member of the SkyTeam global alliance, Delta participates in the industry's leading trans-Atlantic joint venture with Air France-KLM and Alitalia. Including its worldwide alliance partners, Delta offers customers more than 13,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. The airline's service includes the SkyMiles frequent flier program, a world-class airline loyalty program; the award-winning BusinessElite service; and more than 50 Delta Sky Clubs in airports worldwide. Delta is investing more than $2 billion through 2013 in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground. Customers can check in for flights, print boarding passes, check bags and review flight status at delta.com.Delta Air LinesMonthly Traffic Results (a)February 2012February 2011ChangeRPMs (000):Domestic7,971,2797,774,0932.5%Delta Mainline6,260,8056,157,0141.7%Regional1,710,4741,617,0795.8%International5,017,9754,889,2822.6%Latin America1,092,1341,065,9102.5%     Delta Mainline1,081,3171,051,9622.8%     Regional10,81613,948(22.5%)Atlantic2,182,2932,116,9653.1%Pacific1,743,5491,706,4072.2%Total System12,989,25412,663,3752.6%ASMs (000):Domestic10,022,96810,081,154(0.6%)Delta Mainline7,709,1197,824,466(1.5%)Regional2,313,8492,256,6882.5%International6,872,8727,107,748(3.3%)Latin America1,453,2131,463,110(0.7%)     Delta Mainline1,434,0521,440,704(0.5%)     Regional19,16122,406(14.5%)Atlantic3,236,6833,461,843(6.5%)Pacific2,182,9762,182,7950.0%Total System16,895,84017,188,902(1.7%)Load Factor:Domestic79.5%77.1%2.4ptsDelta Mainline81.2%78.7%2.5ptsRegional73.9%71.7%2.2ptsInternational73.0%68.8%4.2ptsLatin America75.2%72.9%2.3pts     Delta Mainline75.4%73.0%2.4pts     Regional56.5%62.3%(5.8)ptsAtlantic67.4%61.2%6.3ptsPacific79.9%78.2%1.7ptsTotal System76.9%73.7%3.2ptsMainline Completion99.7%97.0%2.7ptsFactorPassengers Boarded11,421,83810,968,3194.1%Cargo Ton Miles (000):185,397186,490(0.6%)Endnote:(a) Results are preliminary and include flights operated under contract carrier arrangements.Delta Air LinesYear to Date Traffic Results (a)February 2012February 2011ChangeRPMs (000):Domestic16,114,67215,939,8731.1%Delta Mainline12,700,09512,582,7570.9%Regional3,414,5773,357,1161.7%International10,784,51810,845,351(0.6%)Latin America2,268,0882,266,7350.1%     Delta Mainline2,243,6102,236,7960.3%     Regional24,47829,939(18.2%)Atlantic4,794,6604,844,265(1.0%)Pacific3,721,7703,734,351(0.3%)Total System26,899,19026,785,2240.4%ASMs (000):Domestic20,560,55520,986,791(2.0%)Delta Mainline15,837,27516,238,676(2.5%)Regional4,723,2804,748,115(0.5%)International14,288,41914,968,933(4.5%)Latin America2,912,0762,993,197(2.7%)     Delta Mainline2,870,9262,945,491(2.5%)     Regional41,15047,706(13.7%)Atlantic6,759,6967,362,532(8.2%)Pacific4,616,6474,613,2040.1%Total System34,848,97435,955,724(3.1%)Load Factor:Domestic78.4%76.0%2.4ptsDelta Mainline80.2%77.5%2.7ptsRegional72.3%70.7%1.6ptsInternational75.5%72.5%3.0ptsLatin America77.9%75.7%2.2pts     Delta Mainline78.1%75.9%2.2pts     Regional59.5%62.8%(3.3)ptsAtlantic70.9%65.8%5.1ptsPacific80.6%80.9%(0.3)ptsTotal System77.2%74.5%2.7ptsPassengers Boarded23,064,44622,541,3722.3%Cargo Ton Miles (000):359,590369,319(2.6%)Endnote:(a) Results are preliminary and include flights operated under contract carrier arrangements.Reconciliation of GAAP Financial Measures to Non-GAAP Financial MeasuresFebruary 2012Delta sometimes uses information that is derived from its Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. ("GAAP"). Certain of this information are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules.  The non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results.Delta adjusts for mark to market ("MTM") adjustments for fuel hedges recorded in periods other than the settlement period in order to evaluate the company's financial results in the period shown.February 2012(preliminary)Average price per fuel gallon including fuel expense incurred under contract carrier arrangements$3.12MTM adjustments for fuel hedges recorded in periods other than the settlement period0.23Average price per fuel gallon adjusted for MTM adjustments for fuel hedges recorded in periods other than the settlement period $3.35SOURCE Delta Air LinesFor further information: Corporate Communications, +1-404-715-2554, media@delta.com, or Investor Relations, +1-404-715-2170