ATLANTA, June 3, 2014 /PRNewswire/ -- Delta Air Lines
(NYSE: DAL) today reported financial and operating performance for
May 2014.
Consolidated passenger unit revenue (PRASM) for the month of May
increased 7.0 percent year over year driven by revenue gains in the
transatlantic and domestic entities, with particular strength in
Delta's hubs in Atlanta, New York
and Seattle.
Delta's solid operating performance continued through May, with
a monthly completion factor of 99.9 percent and an on-time arrival
rate of 84.4 percent.
The company's financial and operating performance is detailed
below.
Preliminary
Financial and Operating Results
|
May consolidated
PRASM change year over year
|
7.0%
|
Projected June
quarter fuel price per gallon, adjusted
|
$2.93 -
$2.98
|
May mainline
completion factor
|
99.9%
|
May on-time
performance (preliminary DOT A14)
|
84.4%
|
|
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 nearly 165 million customers each year.
This year, Delta was named the 2014 Airline of the Year by Air
Transport World magazine and was named to FORTUNE magazine's top 50
Most Admired Companies in addition to being named the most admired
airline for the third time in four years. With an industry-leading
global network, Delta and the Delta Connection carriers offer
service to 333 destinations in 64 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 as well as a newly formed joint venture with Virgin
Atlantic. 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-JFK,
New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City and
Tokyo-Narita. Delta has invested billions of dollars in airport
facilities, 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, Facebook.com/delta and Delta's blog
takingoff.delta.com.
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 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; 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 war risk
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, 2013.
Caution should be taken not to place undue reliance on our
forward-looking statements, which represent our views only as of
June 3, 2014, and which we have no
current intention to update.
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Monthly Traffic Results (a)
|
|
|
Year to Date Traffic Results
(a)
|
|
|
|
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|
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|
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May 2014
|
|
May 2013
|
|
Change
|
|
|
May 2014
|
|
May 2013
|
|
Change
|
|
|
|
|
|
|
|
|
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|
|
RPMs (000):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic
|
10,494,346
|
|
9,824,424
|
|
6.8%
|
|
|
47,317,788
|
|
45,239,877
|
|
4.6%
|
|
|
|
Delta
Mainline
|
8,595,982
|
|
7,901,135
|
|
8.8%
|
|
|
38,636,719
|
|
36,464,670
|
|
6.0%
|
|
|
|
Regional
|
1,898,363
|
|
1,923,289
|
|
(1.3%)
|
|
|
8,681,069
|
|
8,775,207
|
|
(1.1%)
|
|
|
International
|
7,238,435
|
|
6,943,378
|
|
4.2%
|
|
|
31,587,902
|
|
30,151,300
|
|
4.8%
|
|
|
|
Latin
America
|
1,442,941
|
|
1,172,311
|
|
23.1%
|
|
|
7,694,612
|
|
6,283,178
|
|
22.5%
|
|
|
|
Delta
Mainline
|
1,408,588
|
|
1,151,085
|
|
22.4%
|
|
|
7,539,810
|
|
6,193,885
|
|
21.7%
|
|
|
|
Regional
|
34,353
|
|
21,226
|
|
61.8%
|
|
|
154,802
|
|
89,293
|
|
73.4%
|
|
|
|
Atlantic
|
3,736,507
|
|
3,706,712
|
|
0.8%
|
|
|
14,041,055
|
|
14,037,375
|
|
0.0%
|
|
|
|
Pacific
|
2,058,987
|
|
2,064,355
|
|
(0.3%)
|
|
|
9,852,236
|
|
9,830,747
|
|
0.2%
|
|
|
Total System
|
17,732,781
|
|
16,767,802
|
|
5.8%
|
|
|
78,905,690
|
|
75,391,177
|
|
4.7%
|
|
|
|
|
|
|
|
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|
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ASMs (000):
|
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Domestic
|
12,043,972
|
|
11,625,299
|
|
3.6%
|
|
|
55,843,316
|
|
54,947,199
|
|
1.6%
|
|
|
|
Delta
Mainline
|
9,736,051
|
|
9,198,481
|
|
5.8%
|
|
|
44,816,268
|
|
43,369,503
|
|
3.3%
|
|
|
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Regional
|
2,307,921
|
|
2,426,818
|
|
(4.9%)
|
|
|
11,027,048
|
|
11,577,696
|
|
(4.8%)
|
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International
|
8,448,346
|
|
8,156,483
|
|
3.6%
|
|
|
38,126,214
|
|
36,857,393
|
|
3.4%
|
|
|
|
Latin
America
|
1,763,286
|
|
1,409,047
|
|
25.1%
|
|
|
9,238,716
|
|
7,632,902
|
|
21.0%
|
|
|
|
Delta
Mainline
|
1,716,880
|
|
1,381,284
|
|
24.3%
|
|
|
9,027,387
|
|
7,511,856
|
|
20.2%
|
|
|
|
Regional
|
46,406
|
|
27,763
|
|
67.1%
|
|
|
211,329
|
|
121,046
|
|
74.6%
|
|
|
|
Atlantic
|
4,246,224
|
|
4,320,765
|
|
(1.7%)
|
|
|
17,094,894
|
|
17,475,206
|
|
(2.2%)
|
|
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|
Pacific
|
2,438,837
|
|
2,426,671
|
|
0.5%
|
|
|
11,792,604
|
|
11,749,285
|
|
0.4%
|
|
|
Total System
|
20,492,318
|
|
19,781,782
|
|
3.6%
|
|
|
93,969,530
|
|
91,804,592
|
|
2.4%
|
|
|
|
|
|
|
|
|
|
|
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Load Factor:
|
|
|
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|
|
|
|
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|
|
|
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|
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Domestic
|
87.1%
|
|
84.5%
|
|
2.6
|
pts
|
|
84.7%
|
|
82.3%
|
|
2.4
|
pts
|
|
|
Delta
Mainline
|
88.3%
|
|
85.9%
|
|
2.4
|
pts
|
|
86.2%
|
|
84.1%
|
|
2.1
|
pts
|
|
|
Regional
|
82.3%
|
|
79.3%
|
|
3.0
|
pts
|
|
78.7%
|
|
75.8%
|
|
2.9
|
pts
|
|
International
|
85.7%
|
|
85.1%
|
|
0.6
|
pts
|
|
82.9%
|
|
81.8%
|
|
1.1
|
pts
|
|
|
Latin
America
|
81.8%
|
|
83.2%
|
|
(1.4)
|
pts
|
|
83.3%
|
|
82.3%
|
|
1.0
|
pts
|
|
|
Delta
Mainline
|
82.0%
|
|
83.3%
|
|
(1.3)
|
pts
|
|
83.5%
|
|
82.5%
|
|
1.0
|
pts
|
|
|
Regional
|
74.0%
|
|
76.5%
|
|
(2.5)
|
pts
|
|
73.3%
|
|
73.8%
|
|
(0.5)
|
pts
|
|
|
Atlantic
|
88.0%
|
|
85.8%
|
|
2.2
|
pts
|
|
82.1%
|
|
80.3%
|
|
1.8
|
pts
|
|
|
Pacific
|
84.4%
|
|
85.1%
|
|
(0.7)
|
pts
|
|
83.5%
|
|
83.7%
|
|
(0.2)
|
pts
|
|
Total System
|
86.5%
|
|
84.8%
|
|
1.7
|
pts
|
|
84.0%
|
|
82.1%
|
|
1.9
|
pts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mainline Completion Factor
|
99.9%
|
|
99.9%
|
|
-
|
pts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Passengers Boarded
|
15,082,419
|
|
14,263,991
|
|
5.7%
|
|
|
67,662,340
|
|
65,035,697
|
|
4.0%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cargo Ton Miles (000):
|
199,644
|
|
191,669
|
|
4.2%
|
|
|
920,275
|
|
942,250
|
|
(2.3%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a Results
include flights operated under contract carrier
arrangements
|
|
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|
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Logo- http://photos.prnewswire.com/prnh/20090202/DELTALOGO
SOURCE Delta Air Lines