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Press release from PR Newswire

Delta Reports Financial and Operating Performance for April 2013

Thursday, May 02, 2013

Delta Reports Financial and Operating Performance for April 2013

09:00 EDT Thursday, May 02, 2013

ATLANTA, May 2, 2013 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial and operating performance for April 2013.

(Logo: http://photos.prnewswire.com/prnh/20090202/DELTALOGO )

Consolidated passenger unit revenue (PRASM) for the month of April decreased 2% year over year due to demand softness in the domestic entity and the 1-2 point negative impact in the Pacific from the yen devaluation.  This result is in line with previous guidance; Delta still expects a modest year over year improvement in May and June unit revenues.

Delta completed 99.9 percent of its flights in April and ran an on-time arrival rate of 85.6 percent.

The company's financial and operating performance is detailed below.    

Preliminary Financial and Operating Results

 

April Consolidated PRASM change year over year

(2.0%)

Projected June quarter fuel price per gallon, adjusted

$2.95-$3.00

April On-time performance (preliminary DOT A14)

85.6%

April Mainline completion factor

99.9%

Note: Fuel price includes taxes, transportation, settled hedges, hedge premiums and refinery impact, but excludes mark to market adjustments on open hedges.

Delta Air Lines serves more than 160 million customers each year. Delta was named by Fortune magazine as the most admired airline worldwide in its 2013 World's Most Admired Companies airline industry list, topping the list for the second time in three years. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 317 destinations in 58 countries on six continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. The airline is a founding member of the SkyTeam global alliance and 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 15,000 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. Delta is investing more than $3 billion in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground.  Additional information is available on delta.com, Twitter @Delta, Google.com/+Delta and Facebook.com/delta.

Forward Looking Statements

Statements in this press release that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the estimates, expectations, beliefs, intentions, projections and strategies reflected in or suggested by the forward-looking statements.  These risks and uncertainties include, but are not limited to, the cost of aircraft fuel; the availability of aircraft fuel; the impact of posting collateral in connection with our fuel hedge contracts; the impact of significant funding obligations with respect to defined benefit pension plans; the impact that our indebtedness may have on our financial and operating activities and our ability to incur additional debt; the restrictions that financial covenants in our financing agreements will have on our financial and business operations; labor issues; interruptions or disruptions in service at one of our hub airports; our dependence on technology in our operations; disruptions or security breaches of our information technology infrastructure; the ability of our credit card processors to take significant holdbacks in certain circumstances; the possible effects of accidents involving our aircraft; the effects of weather, natural disasters and seasonality on our business; the effects of an extended disruption in services provided by third party regional carriers; failure or inability of insurance to cover a significant liability at the Trainer refinery; the impact of environmental regulation on the Trainer refinery; our ability to retain management and key employees; our ability to use net operating losses to offset future taxable income; competitive conditions in the airline industry; the effects of extensive government regulation on our business; the effects of terrorist attacks; the effects of the rapid spread of contagious illnesses; and the costs associated with insurance.  

Additional information concerning risks and uncertainties that could cause differences between actual results and forward-looking statements is contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2012.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of May 2, 2013, and which we have no current intention to update.

 

Monthly Traffic Results (a)

Year to Date Traffic Results (a)

Apr 2013

Apr 2012

Change

Apr 2013

Apr 2012

Change

RPMs (000):

Domestic

9,438,627

9,561,369

(1.3%)

35,414,457

35,787,145

(1.0%)

Delta Mainline

7,596,941

7,544,494

0.7%

28,563,789

28,185,868

1.3%

Regional

1,841,686

2,016,875

(8.7%)

6,850,668

7,601,277

(9.9%)

International

6,107,783

6,094,266

0.2%

23,207,513

23,219,665

(0.1%)

Latin America

1,132,419

1,101,801

2.8%

5,102,535

4,770,105

7.0%

      Delta Mainline

1,113,643

1,089,316

2.2%

5,034,506

4,720,548

6.7%

      Regional

18,776

12,485

50.4%

68,029

49,557

37.3%

Atlantic

3,152,426

3,257,735

(3.2%)

10,340,009

10,971,924

(5.8%)

Pacific

1,822,939

1,734,730

5.1%

7,764,969

7,477,636

3.8%

Total System

15,546,410

15,655,635

(0.7%)

58,621,970

59,006,810

(0.7%)

ASMs (000):

Domestic

11,405,083

11,200,245

1.8%

43,321,721

43,474,583

(0.4%)

Delta Mainline

9,005,177

8,691,235

3.6%

34,174,009

33,572,236

1.8%

Regional

2,399,906

2,509,010

(4.3%)

9,147,712

9,902,347

(7.6%)

International

7,597,734

7,715,233

(1.5%)

28,699,704

29,849,124

(3.9%)

Latin America

1,407,451

1,405,142

0.2%

6,214,095

6,113,925

1.6%

Delta Mainline

1,383,326

1,386,248

(0.2%)

6,120,895

6,034,246

1.4%

      Regional

24,125

18,894

27.7%

93,200

79,679

17.0%

Atlantic

3,907,079

3,995,906

(2.2%)

13,164,057

14,342,030

(8.2%)

Pacific

2,283,204

2,314,185

(1.3%)

9,321,552

9,393,169

(0.8%)

Total System

19,002,817

18,915,478

0.5%

72,021,424

73,323,707

(1.8%)

Load Factor:

Domestic

82.8%

85.4%

(2.6)

pts

81.7%

82.3%

(0.6)

pts

Delta Mainline

84.4%

86.8%

(2.4)

pts

83.6%

84.0%

(0.4)

pts

Regional

76.7%

80.4%

(3.7)

pts

74.9%

76.8%

(1.9)

pts

International

80.4%

79.0%

1.4

pts

80.9%

77.8%

3.1

pts

Latin America

80.5%

78.4%

2.1

pts

82.1%

78.0%

4.1

pts

Delta Mainline

80.5%

78.6%

1.9

pts

82.3%

78.2%

4.1

pts

      Regional

77.8%

66.1%

11.7

pts

73.0%

62.2%

10.8

pts

Atlantic

80.7%

81.5%

(0.8)

pts

78.5%

76.5%

2.0

pts

Pacific

79.8%

75.0%

4.8

pts

83.3%

79.6%

3.7

pts

Total System

81.8%

82.8%

(1.0)

pts

81.4%

80.5%

0.9

pts

Mainline Completion

99.9%

99.8%

0.1

pts

Factor

Passengers Boarded

13,534,255

13,744,612

(1.5%)

50,770,928

51,310,730

(1.1%)

Cargo Ton Miles (000):

187,831

193,891

(3.1%)

749,628

762,855

(1.7%)

Endnote:

aResults include flights operated under contract carrier arrangements.

SOURCE Delta Air Lines

For further information: Corporate Communications, 404-715-2554, news archive at news.delta.com; or Investor Relations, 404-715-2170

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