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Press release from PR Newswire

Delta Reports Financial and Operating Performance for August 2013

Wednesday, September 04, 2013

Delta Reports Financial and Operating Performance for August 2013

09:00 EDT Wednesday, September 04, 2013

ATLANTA, Sept. 4, 2013 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial and operating performance for August 2013.

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

Consolidated passenger unit revenue (PRASM) for the month of August increased 4.0 percent year over year, with strong performance in domestic, trans-Atlantic and Latin markets.  The Pacific entity continues to be pressured from yen devaluation which accounted for 1.5 points of negative system impact for the month. 

Delta completed 99.9 percent of its flights in August and ran an on-time arrival rate of 85.0 percent.

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

Preliminary Financial and Operating Results

 

August consolidated PRASM change year over year

4.0%

Projected September quarter fuel price per gallon, adjusted

$3.05 - $3.10

August mainline completion factor

99.9%

August on-time performance (preliminary DOT A14)

85.0%

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 317destinations in 57 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, 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, including costs related to renewable fuel standard regulations; 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 and our quarterly report on Form 10-Q for the quarterly period ended June 30, 2013.  Caution should be taken not to place undue reliance on our forward-looking statements, which represent our views only as of September 4, 2013, and which we have no current intention to update.

Monthly Traffic Results (a)

Year to Date Traffic Results (a)

Aug 2013

Aug 2012

Change

Aug 2013

Aug 2012

Change

RPMs (000):

Domestic

11,006,989

10,939,737

0.6%

77,833,966

78,195,490

(0.5%)

Delta Mainline

8,957,878

8,822,444

1.5%

63,033,411

62,151,157

1.4%

Regional

2,049,111

2,117,293

(3.2%)

14,800,555

16,044,333

(7.8%)

International

8,430,948

7,995,978

5.4%

54,877,790

53,709,923

2.2%

Latin America

1,410,148

1,207,267

16.8%

10,467,902

9,607,494

9.0%

Delta Mainline

1,396,240

1,193,867

17.0%

10,328,377

9,493,816

8.8%

       Regional

13,908

13,400

3.8%

139,526

113,678

22.7%

Atlantic

4,553,909

4,296,392

6.0%

27,626,409

27,496,790

0.5%

Pacific

2,466,890

2,492,319

(1.0%)

16,783,478

16,605,639

1.1%

Total System

19,437,937

18,935,715

2.7%

132,711,755

131,905,413

0.6%

ASMs (000):

Domestic

12,899,636

12,554,665

2.7%

92,896,299

92,207,401

0.7%

Delta Mainline

10,313,198

9,959,893

3.5%

73,806,813

72,043,318

2.4%

Regional

2,586,439

2,594,772

(0.3%)

19,089,486

20,164,083

(5.3%)

International

9,367,059

9,006,413

4.0%

64,598,699

64,886,536

(0.4%)

Latin America

1,602,845

1,390,651

15.3%

12,415,988

11,829,596

5.0%

Delta Mainline

1,586,069

1,371,363

15.7%

12,235,331

11,660,244

4.9%

       Regional

16,775

19,288

(13.0%)

180,657

169,352

6.7%

Atlantic

4,974,840

4,802,652

3.6%

32,434,644

33,002,970

(1.7%)

Pacific

2,789,374

2,813,110

(0.8%)

19,748,068

20,053,970

(1.5%)

Total System

22,266,695

21,561,078

3.3%

157,494,998

157,093,937

0.3%

Load Factor:

Domestic

85.3%

87.1%

(1.8)

pts

83.8%

84.8%

(1.0)

pts

Delta Mainline

86.9%

88.6%

(1.7)

pts

85.4%

86.3%

(0.9)

pts

Regional

79.2%

81.6%

(2.4)

pts

77.5%

79.6%

(2.1)

pts

International

90.0%

88.8%

1.2

pts

85.0%

82.8%

2.2

pts

Latin America

88.0%

86.8%

1.2

pts

84.3%

81.2%

3.1

pts

Delta Mainline

88.0%

87.1%

0.9

pts

84.4%

81.4%

3.0

pts

       Regional

82.9%

69.5%

13.4

pts

77.2%

67.1%

10.1

pts

Atlantic

91.5%

89.5%

2.0

pts

85.2%

83.3%

1.9

pts

Pacific

88.4%

88.6%

(0.2)

pts

85.0%

82.8%

2.2

pts

Total System

87.3%

87.8%

(0.5)

pts

84.3%

84.0%

0.3

pts

Passengers Boarded

15,664,561

15,560,609

0.7%

111,445,901

111,942,482

(0.4%)

Mainline Completion Factor

99.9%

99.4%

0.5

pts

Cargo Ton Miles (000):

201,811

205,795

(1.9%)

1,542,135

1,592,723

(3.2%)

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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