Current Report Filing (8-k)
May 04 2015 - 8:02AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 4, 2015
DELTA AIR LINES, INC.
(Exact name
of registrant as specified in its charter)
Delaware |
001-05424 |
58-0218548 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
P.O. Box 20706, Atlanta, Georgia 30320-6001
(Address of principal executive offices)
Registrant’s telephone number, including
area code: (404) 715-2600
Registrant’s Web site address: www.delta.com
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o | | Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
o | | Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
o | | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
o | | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation
FD Disclosure.
Delta Air Lines,
Inc. (“Delta”) issued today a press release reporting April 2015 financial and operating results. The press release
is attached as Exhibit 99.1 to this Form 8-K.
In accordance
with general instruction B.2 of Form 8−K, the information in this report (including the exhibit) that is being furnished
pursuant to Item 7.01 of Form 8−K shall not be deemed to be “filed” for the purposes of Section 18 of the Securities
Exchange Act, as amended, or otherwise subject to liabilities of that section, nor shall they be deemed incorporated by reference
in any filing under the Securities Act of 1933, as amended, except as expressly set forth in such filing. This report will not
be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation
FD.
Statements
in this Form 8-K and the attached exhibit 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 rebalancing our hedge portfolio, recording mark-to-market
adjustments or posting collateral in connection with our fuel hedge contracts; the possible effects of accidents involving our
aircraft; 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 or gateway airports; disruptions or security breaches
of our information technology infrastructure; our dependence on technology in our operations; 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 Monroe’s 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 sensitivity of the airline industry to prolonged periods of stagnant or weak economic conditions; the effects
of terrorist attacks or geopolitical conflict; and the effects of the rapid spread of contagious illnesses.
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
December 31, 2014. Caution should be taken not to place undue reliance on our forward-looking statements, which represent
our views only as of May 4, 2015, and which we have no current intention to update.
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits.
|
Exhibit
99.1 |
Press
Release dated May 4, 2015 titled “Delta Reports Financial and Operating Performance for April 2015” |
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
DELTA AIR LINES, INC. |
|
|
|
By: /s/ Paul A. Jacobson |
Date May 4, 2015 |
Paul A. Jacobson
Executive Vice President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit Number |
Description |
|
|
Exhibit 99.1 |
Press Release dated May 4, 2015 titled “Delta Reports Financial and Operating Performance for April 2015” |
|
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Exhibit 99.1
CONTACT: |
Corporate Communications |
|
404-715-2554 |
|
news archive at news.delta.com |
|
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|
Investor Relations
404-715-2170 |
Delta Reports Financial and Operating Performance
for April 2015
ATLANTA, May 4, 2015
– Delta Air Lines (NYSE: DAL) today reported financial and operating performance for April 2015.
Consolidated passenger unit revenue (PRASM) for the month of April
decreased 3.5 percent year over year, as stable domestic unit revenues were offset by foreign exchange pressure and lower surcharges
in international markets.
The company’s financial and operating performance is detailed
below.
Preliminary Financial and Operating Results
|
April consolidated PRASM change year over year |
(3.5%) |
April mainline completion factor |
99.8% |
April on-time performance (preliminary DOT A14) |
86.8% |
Delta Air Lines serves more than 170 million customers each year.
Delta was named to FORTUNE magazine’s top 50 World’s Most Admired Companies in addition to being named the most admired
airline for the fourth time in five years. Additionally, Delta has ranked No.1 in the Business Travel News Annual Airline survey
for four consecutive years, a first for any airline. With an industry-leading global network, Delta and the Delta Connection carriers
offer service to 327 destinations in 60 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 key hubs and markets including Amsterdam, Atlanta, Boston, Detroit, Los Angeles, Minneapolis/St. Paul, New York-JFK,
New York-LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Seattle 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.
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Monthly Traffic Results (a) |
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Year to Date Traffic Results (a) |
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Apr 2015 |
|
Apr 2014 |
|
Change |
|
Apr 2015 |
|
Apr 2014 |
|
Change |
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RPMs (000): |
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Domestic |
10,374,077 |
|
10,111,047 |
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2.6% |
|
38,417,025 |
|
36,824,193 |
|
4.3% |
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Delta Mainline |
8,627,557 |
|
8,269,214 |
|
4.3% |
|
31,849,329 |
|
30,040,476 |
|
6.0% |
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Regional |
1,746,520 |
|
1,841,833 |
|
(5.2%) |
|
6,567,697 |
|
6,783,717 |
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(3.2%) |
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International |
6,505,563 |
|
6,465,489 |
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0.6% |
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24,683,880 |
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24,353,157 |
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1.4% |
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Latin America |
1,584,568 |
|
1,451,195 |
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9.2% |
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6,849,585 |
|
6,261,738 |
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9.4% |
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Delta Mainline |
1,551,628 |
|
1,422,739 |
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9.1% |
|
6,721,150 |
|
6,141,287 |
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9.4% |
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Regional |
32,939 |
|
28,456 |
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15.8% |
|
128,435 |
|
120,451 |
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6.6% |
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Atlantic |
3,109,819 |
|
3,170,375 |
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(1.9%) |
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10,221,573 |
|
10,295,876 |
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(0.7%) |
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Pacific |
1,811,176 |
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1,843,919 |
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(1.8%) |
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7,612,722 |
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7,795,543 |
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(2.3%) |
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Total System |
16,879,640 |
|
16,576,536 |
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1.8% |
|
63,100,905 |
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61,177,350 |
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3.1% |
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ASMs (000): |
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Domestic |
12,068,468 |
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11,761,781 |
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2.6% |
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45,784,113 |
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43,800,079 |
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4.5% |
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Delta Mainline |
9,905,908 |
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9,458,920 |
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4.7% |
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37,325,619 |
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35,080,758 |
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6.4% |
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Regional |
2,162,560 |
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2,302,861 |
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(6.1%) |
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8,458,494 |
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8,719,321 |
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(3.0%) |
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International |
8,226,877 |
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7,813,600 |
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5.3% |
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31,111,656 |
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29,679,127 |
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4.8% |
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Latin America |
1,967,419 |
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1,746,862 |
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12.6% |
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8,438,352 |
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7,486,808 |
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12.7% |
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Delta Mainline |
1,924,722 |
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1,708,137 |
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12.7% |
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8,265,619 |
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7,321,885 |
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12.9% |
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Regional |
42,696 |
|
38,725 |
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10.3% |
|
172,733 |
|
164,923 |
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4.7% |
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Atlantic |
3,990,397 |
|
3,729,163 |
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7.0% |
|
13,485,109 |
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12,837,522 |
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5.0% |
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Pacific |
2,269,062 |
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2,337,575 |
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(2.9%) |
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9,188,195 |
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9,354,797 |
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(1.8%) |
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Total System |
20,295,346 |
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19,575,381 |
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3.7% |
|
76,895,769 |
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73,479,206 |
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4.6% |
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Load Factor: |
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Domestic |
86.0% |
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86.0% |
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0.0 |
pts |
83.9% |
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84.1% |
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(0.2) |
pts |
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Delta Mainline |
87.1% |
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87.4% |
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(0.3) |
pts |
85.3% |
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85.6% |
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(0.3) |
pts |
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Regional |
80.8% |
|
80.0% |
|
0.8 |
pts |
77.6% |
|
77.8% |
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(0.2) |
pts |
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International |
79.1% |
|
82.7% |
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(3.6) |
pts |
79.3% |
|
82.1% |
|
(2.8) |
pts |
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Latin America |
80.5% |
|
83.1% |
|
(2.6) |
pts |
81.2% |
|
83.6% |
|
(2.4) |
pts |
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Delta Mainline |
80.6% |
|
83.3% |
|
(2.7) |
pts |
81.3% |
|
83.9% |
|
(2.6) |
pts |
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Regional |
77.1% |
|
73.5% |
|
3.6 |
pts |
74.4% |
|
73.0% |
|
1.4 |
pts |
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Atlantic |
77.9% |
|
85.0% |
|
(7.1) |
pts |
75.8% |
|
80.2% |
|
(4.4) |
pts |
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Pacific |
79.8% |
|
78.9% |
|
0.9 |
pts |
82.9% |
|
83.3% |
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(0.4) |
pts |
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Total System |
83.2% |
|
84.7% |
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(1.5) |
pts |
82.1% |
|
83.3% |
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(1.2) |
pts |
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Mainline Completion Factor |
99.8% |
|
99.9% |
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(0.1) |
pts |
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Passengers Boarded |
14,782,481 |
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14,420,672 |
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2.5% |
|
54,787,932 |
|
52,583,526 |
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4.2% |
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Cargo Ton Miles (000): |
180,191 |
|
183,337 |
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(1.7%) |
|
728,719 |
|
713,595 |
|
2.1% |
|
a
Results include flights operated under contract carrier arrangements
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