ATLANTA, Dec. 4, 2018 /PRNewswire/ -- Delta Air Lines
(NYSE: DAL) today reported operating performance for November 2018. The company carried 15.5 million
customers across its broad global network, a record for the month
of November.
For the December quarter, Delta expects to generate earnings per
share at the high-end of the company's $1.10 - $1.30
guidance range. The company expects approximately 7.5% top-line
growth (excluding third party refinery sales) on an approximately
3.5% year over year increase in unit revenue. When combined
with the benefits from the recent moderation in fuel prices and
solid non-fuel cost control, the company is on track to expand
pre-tax margins in the December quarter.
Monthly highlights include:
- Ranking as the No. 1 U.S. airline by the corporate travel
community in the Business Travel News Airline Survey for a historic
eighth consecutive year, sweeping all 10 categories
- Increasing A330-900neo order book to 35 from 25 and deferring
10 A350-900 orders, addressing Delta's near-to-medium-term widebody
needs and reinforcing our commitment to fuel and economic
efficiency while remaining capital disciplined
- Carrying over 2.4 million customers on nearly 23,000 flights
with a completion factor of 99.77 percent during the Thanksgiving
holiday period; Sunday marked the busiest day of the period, flying
658,000 people, an all-time record for the month of November
- Unveiling the first biometric terminal in United States at the Maynard H. Jackson
International Terminal (Terminal F) in Atlanta, allowing customers to use facial
recognition technology from curb to gate and empowering employees
to have more time for meaningful interactions with customers
The company's operating performance is detailed in the table
below.
Delta Air Lines serves more than 180 million customers each
year. In 2018, Delta was named to Fortune's top 50 Most Admired
Companies in addition to being named the most admired airline for
the seventh time in eight years. Additionally, Delta has ranked
No.1 in the Business Travel News Annual Airline survey for an
unprecedented eight consecutive years. With an industry-leading
global network, Delta and the Delta Connection carriers offer
service to 302 destinations in 52 countries on six continents.
Headquartered in Atlanta, Delta
employs more than 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 transatlantic 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, Mexico City,
Minneapolis/St. Paul, New York-JFK
and LaGuardia, London-Heathrow, Paris-Charles de Gaulle, Salt Lake City, São Paulo, Seattle, Seoul, 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 and Facebook.com/delta.
Forward Looking Statements
Statements in this investor update 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 impact of fuel hedging activity
including rebalancing our hedge portfolio, recording mark-to-market
adjustments or posting collateral in connection with our fuel hedge
contracts; the availability of aircraft fuel; the performance of
our significant investments in airlines in other parts of the
world; the possible effects of accidents involving our aircraft;
breaches or security lapses in our information technology systems;
disruptions in our information technology infrastructure; our
dependence on technology in our operations; the restrictions that
financial covenants in our financing agreements could have on our
financial and business operations; labor issues; 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 senior management and key employees; damage to our
reputation and brand if we are exposed to significant adverse
publicity through social media; the effects of terrorist attacks or
geopolitical conflict; competitive conditions in the airline
industry; interruptions or disruptions in service at major airports
at which we operate; the effects of extensive government regulation
on our business; the sensitivity of the airline industry to
prolonged periods of stagnant or weak economic conditions;
uncertainty in economic conditions and regulatory environment in
the United Kingdom related to the
exit of the United Kingdom from
the European Union; 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, 2017 and our
10-Q for the quarterly period ended March
31, 2018. Caution should be taken not to place undue
reliance on our forward-looking statements, which represent our
views only as of December 4, 2018,
and which we have no current intention to update.
Non-GAAP Reconciliations
Delta sometimes uses information ("non-GAAP financial measures")
that is derived from the Consolidated Financial Statements, but
that is not presented in accordance with accounting principles
generally accepted in the U.S. ("GAAP"). Under the U.S. Securities
and Exchange Commission rules, non-GAAP financial measures may be
considered in addition to results prepared in accordance with GAAP,
but should not be considered a substitute for or superior to GAAP
results.
We do not reconcile forward looking non-GAAP financial measures
because mark-to-market ("MTM") adjustments and settlements will not
be known until the end of the period and could be significant.
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Monthly Traffic
Results
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Year to Date
Traffic Results
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Nov
2018
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Nov
2017
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Change
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Nov
2018
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Nov
2017
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Change
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RPMs
(000):
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Domestic
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11,303,244
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10,813,779
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4.5%
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130,177,260
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124,289,865
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4.7%
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International
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5,531,382
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5,341,300
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3.6%
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77,438,119
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76,694,693
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1.0%
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Latin
America
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1,343,672
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1,316,183
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2.1%
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18,282,122
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18,696,635
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(2.2%)
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Atlantic
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2,614,706
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2,455,910
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6.5%
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40,468,644
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38,932,884
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3.9%
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Pacific
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1,573,003
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1,569,207
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0.2%
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18,687,353
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19,065,174
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(2.0%)
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Total
System
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16,834,626
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16,155,079
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4.2%
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207,615,379
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200,984,558
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3.3%
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ASMs
(000):
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Domestic
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12,993,730
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12,520,601
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3.8%
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152,088,248
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144,769,338
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5.1%
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International
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6,625,959
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6,386,625
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3.7%
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90,337,799
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89,688,048
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0.7%
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Latin
America
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1,592,019
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1,534,305
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3.8%
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21,313,465
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21,507,575
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(0.9%)
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Atlantic
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3,149,327
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3,039,295
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3.6%
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47,349,620
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46,124,662
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2.7%
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Pacific
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1,884,613
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1,813,025
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3.9%
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21,674,714
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22,055,811
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(1.7%)
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Total
System
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19,619,689
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18,907,226
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3.8%
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242,426,047
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234,457,386
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3.4%
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Load
Factor:
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Domestic
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87.0%
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86.4%
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0.6 Pts
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85.6%
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85.9%
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(0.3)
Pts
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International
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83.5%
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83.6%
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(0.1)
Pts
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85.7%
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85.5%
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0.2 Pts
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Latin
America
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84.4%
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85.8%
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(1.4)
Pts
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85.8%
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86.9%
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(1.1)
Pts
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Atlantic
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83.0%
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80.8%
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2.2 Pts
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85.5%
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84.4%
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1.1 Pts
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Pacific
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83.5%
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86.6%
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(3.1) Pts
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86.2%
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86.4%
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(0.2)
Pts
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Total
System
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85.8%
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85.4%
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0.4 Pts
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85.6%
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85.7%
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(0.1)
Pts
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Mainline
Completion Factor
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99.87
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100.00
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(0.13)
Pts
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Mainline On-time
Performance
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83.2
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93.7
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(10.5)
Pts
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(preliminary DOT A14)
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Passengers
Boarded
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15,471,757
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14,886,470
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3.9%
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177,202,395
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172,009,730
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3.0%
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Cargo Ton Miles
(000):
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165,312
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170,103
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(2.8%)
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2,007,207
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1,973,356
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1.7%
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SOURCE Delta Air Lines