ATLANTA, Dec. 2, 2015 /PRNewswire/ -- Delta Air Lines
(NYSE: DAL) today reported financial and operating performance for
November 2015.
Consolidated passenger unit revenue (PRASM) for the month of
November increased 1.5% year over year, as Delta's winter capacity
actions continue to benefit results. The calendar timing of the
Thanksgiving holiday was a 2 point
benefit, while foreign exchange was a 2 point headwind in the
month.
Passenger unit revenue (PRASM) for the December quarter is
projected to be at the high end of the guidance range of down 2.5%
- 4.5%, provided on the September quarter earnings call.
Delta's projected December quarter fuel price of $1.82 - $1.87 includes $0.06 of early hedge settlements during the
quarter.
The company's financial and operating performance is detailed
below.
Preliminary
Financial and Operating Results
|
November consolidated
PRASM change year over year
|
1.5%
|
Projected December
quarter fuel price per gallon, adjusted
|
$1.82 -
$1.87
|
November mainline
completion factor
|
99.97%
|
November on-time
performance (preliminary DOT A14)
|
89.5%
|
|
|
- Note: Projected
fuel price of $1.82 - $1.87 includes taxes, transportation, settled
hedges, hedge premiums and refinery contribution and is adjusted
for MTM adjustments and settlements.
|
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 57 countries on six
continents. Headquartered in Atlanta, Delta employs nearly 80,000 employees
worldwide and operates a mainline fleet of more than 800 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 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 and services, and technology to enhance the
customer experience in the air and on the ground. Additional
information is available on the Delta News Hub, as well as
delta.com, Twitter @DeltaNewsHub, 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 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 Dec. 31, 2014.
Caution should be taken not to place undue reliance on our
forward-looking statements, which represent our views only as of
December 2, 2015, 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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Nov
2015
|
|
Nov
2014
|
|
Change
|
|
Nov
2015
|
|
Nov
2014
|
|
Change
|
|
|
|
|
|
|
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|
RPMs
(000):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic
|
10,078,416
|
|
9,278,115
|
|
8.6%
|
|
116,095,776
|
|
110,484,628
|
|
5.1%
|
|
|
|
Delta
Mainline
|
8,386,919
|
|
7,641,943
|
|
9.7%
|
|
96,952,577
|
|
90,847,409
|
|
6.7%
|
|
|
|
Regional
|
1,691,497
|
|
1,636,172
|
|
3.4%
|
|
19,143,199
|
|
19,637,219
|
|
(2.5%)
|
|
|
International
|
5,476,085
|
|
5,597,469
|
|
(2.2%)
|
|
77,135,771
|
|
76,324,859
|
|
1.1%
|
|
|
|
Latin
America
|
1,299,260
|
|
1,310,488
|
|
(0.9%)
|
|
17,296,612
|
|
16,417,385
|
|
5.4%
|
|
|
|
Delta
Mainline
|
1,260,670
|
|
1,276,551
|
|
(1.2%)
|
|
16,926,505
|
|
16,082,405
|
|
5.2%
|
|
|
|
Regional
|
38,590
|
|
33,937
|
|
13.7%
|
|
370,107
|
|
334,980
|
|
10.5%
|
|
|
|
Atlantic
|
2,536,158
|
|
2,536,743
|
|
(0.0%)
|
|
37,759,852
|
|
37,407,703
|
|
0.9%
|
|
|
|
Pacific
|
1,640,667
|
|
1,750,238
|
|
(6.3%)
|
|
22,079,307
|
|
22,499,771
|
|
(1.9%)
|
|
|
Total
System
|
15,554,501
|
|
14,875,584
|
|
4.6%
|
|
193,231,546
|
|
186,809,487
|
|
3.4%
|
|
|
|
|
|
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ASMs
(000):
|
|
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|
Domestic
|
11,771,796
|
|
11,298,018
|
|
4.2%
|
|
134,913,002
|
|
129,501,100
|
|
4.2%
|
|
|
|
Delta
Mainline
|
9,674,961
|
|
9,144,899
|
|
5.8%
|
|
111,211,780
|
|
104,779,344
|
|
6.1%
|
|
|
|
Regional
|
2,096,835
|
|
2,153,119
|
|
(2.6%)
|
|
23,701,222
|
|
24,721,756
|
|
(4.1%)
|
|
|
International
|
6,728,149
|
|
7,142,446
|
|
(5.8%)
|
|
92,441,752
|
|
90,915,898
|
|
1.7%
|
|
|
|
Latin
America
|
1,588,308
|
|
1,645,944
|
|
(3.5%)
|
|
20,895,996
|
|
19,728,965
|
|
5.9%
|
|
|
|
Delta
Mainline
|
1,538,964
|
|
1,597,919
|
|
(3.7%)
|
|
20,424,397
|
|
19,281,166
|
|
5.9%
|
|
|
|
Regional
|
49,344
|
|
48,025
|
|
2.7%
|
|
471,599
|
|
447,799
|
|
5.3%
|
|
|
|
Atlantic
|
3,213,649
|
|
3,290,050
|
|
(2.3%)
|
|
45,820,562
|
|
44,223,335
|
|
3.6%
|
|
|
|
Pacific
|
1,926,192
|
|
2,206,452
|
|
(12.7%)
|
|
25,725,194
|
|
26,963,598
|
|
(4.6%)
|
|
|
Total
System
|
18,499,946
|
|
18,440,464
|
|
0.3%
|
|
227,354,754
|
|
220,416,998
|
|
3.1%
|
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Load
Factor:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic
|
85.6%
|
|
82.1%
|
|
3.5
|
pts
|
86.1%
|
|
85.3%
|
|
0.8
|
pts
|
|
|
Delta
Mainline
|
86.7%
|
|
83.6%
|
|
3.1
|
pts
|
87.2%
|
|
86.7%
|
|
0.5
|
pts
|
|
|
Regional
|
80.7%
|
|
76.0%
|
|
4.7
|
pts
|
80.8%
|
|
79.4%
|
|
1.4
|
pts
|
|
International
|
81.4%
|
|
78.4%
|
|
3.0
|
pts
|
83.4%
|
|
84.0%
|
|
(0.6)
|
pts
|
|
|
Latin
America
|
81.8%
|
|
79.6%
|
|
2.2
|
pts
|
82.8%
|
|
83.2%
|
|
(0.4)
|
pts
|
|
|
Delta
Mainline
|
81.9%
|
|
79.9%
|
|
2.0
|
pts
|
82.9%
|
|
83.4%
|
|
(0.5)
|
pts
|
|
|
Regional
|
78.2%
|
|
70.7%
|
|
7.5
|
pts
|
78.5%
|
|
74.8%
|
|
3.7
|
pts
|
|
|
Atlantic
|
78.9%
|
|
77.1%
|
|
1.8
|
pts
|
82.4%
|
|
84.6%
|
|
(2.2)
|
pts
|
|
|
Pacific
|
85.2%
|
|
79.3%
|
|
5.9
|
pts
|
85.8%
|
|
83.4%
|
|
2.4
|
pts
|
|
Total
System
|
84.1%
|
|
80.7%
|
|
3.4
|
pts
|
85.0%
|
|
84.8%
|
|
0.2
|
pts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mainline
Completion Factor
|
100.0%
|
|
99.9%
|
|
0.1
|
pts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Passengers
Boarded
|
14,351,296
|
|
13,275,153
|
|
8.1%
|
|
165,126,022
|
|
157,682,776
|
|
4.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
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|
Cargo Ton Miles
(000):
|
171,975
|
|
195,902
|
|
(12.2%)
|
|
2,019,438
|
|
2,169,571
|
|
(6.9%)
|
|
|
|
|
|
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|
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|
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|
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aResults
include flights operated under contract carrier
arrangements
|
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SOURCE Delta Air Lines