ATLANTA, March 2, 2012 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported its operational and financial performance for February 2012.

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

February's consolidated passenger unit revenue (PRASM) increased 13.0 percent compared to the prior year period, driven by a strong increase in Atlantic load factor and Pacific yields. The increase in capacity resulting from Delta's 2.7 point improvement in completion factor due to exceptional weather and operating performance negatively impacted PRASM by one point from previous expectations.

Delta employees delivered excellent operational performance for our customers.  The company's preliminary DOT on-time arrival rate of 90.0 percent was 11.5 points higher year-over-year and its mainline completion factor increased 2.7 points to 99.7 percent.

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


Preliminary Financial and Operational Results – February 2012


Consolidated PRASM change year over year

13.0%

Consolidated average fuel price

$3.35

On-time performance (preliminary DOT A14)

90.0%

Mainline completion factor

99.7%




Note: Fuel price includes taxes, transportation, settled hedges, and hedge premiums, but excludes mark to market adjustments on open hedges.

Delta Air Lines serves more than 160 million customers each year. During the past year, Delta was named domestic "Airline of the Year" by the readers of Travel Weekly magazine, was named the "Top Tech-Friendly U.S. Airline" by PCWorld magazine for its innovation in technology and won the Business Travel News Annual Airline Survey. With an industry-leading global network, Delta and the Delta Connection carriers offer service to 343 destinations in 62 countries on six continents. Headquartered in Atlanta, Delta employs 80,000 employees worldwide and operates a mainline fleet of more than 700 aircraft. A founding member of the SkyTeam global alliance, Delta 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 13,000 daily flights, with hubs in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita. The airline's service includes the SkyMiles frequent flier program, a world-class airline loyalty program; the award-winning BusinessElite service; and more than 50 Delta Sky Clubs in airports worldwide. Delta is investing more than $2 billion through 2013 in airport facilities and global products, services and technology to enhance the customer experience in the air and on the ground. Customers can check in for flights, print boarding passes, check bags and review flight status at delta.com.


Delta Air Lines


Monthly Traffic Results (a)























February 2012


February 2011


Change











RPMs (000):








Domestic

7,971,279


7,774,093


2.5%




Delta Mainline

6,260,805


6,157,014


1.7%




Regional

1,710,474


1,617,079


5.8%



International

5,017,975


4,889,282


2.6%




Latin America

1,092,134


1,065,910


2.5%




    Delta Mainline

1,081,317


1,051,962


2.8%




    Regional

10,816


13,948


(22.5%)




Atlantic

2,182,293


2,116,965


3.1%




Pacific

1,743,549


1,706,407


2.2%



Total System

12,989,254


12,663,375


2.6%











ASMs (000):








Domestic

10,022,968


10,081,154


(0.6%)




Delta Mainline

7,709,119


7,824,466


(1.5%)




Regional

2,313,849


2,256,688


2.5%



International

6,872,872


7,107,748


(3.3%)




Latin America

1,453,213


1,463,110


(0.7%)




    Delta Mainline

1,434,052


1,440,704


(0.5%)




    Regional

19,161


22,406


(14.5%)




Atlantic

3,236,683


3,461,843


(6.5%)




Pacific

2,182,976


2,182,795


0.0%



Total System

16,895,840


17,188,902


(1.7%)











Load Factor:








Domestic

79.5%


77.1%


2.4

pts



Delta Mainline

81.2%


78.7%


2.5

pts



Regional

73.9%


71.7%


2.2

pts


International

73.0%


68.8%


4.2

pts



Latin America

75.2%


72.9%


2.3

pts



    Delta Mainline

75.4%


73.0%


2.4

pts



    Regional

56.5%


62.3%


(5.8)

pts



Atlantic

67.4%


61.2%


6.3

pts



Pacific

79.9%


78.2%


1.7

pts


Total System

76.9%


73.7%


3.2

pts










Mainline Completion

99.7%


97.0%


2.7

pts

Factor
















Passengers Boarded

11,421,838


10,968,319


4.1%











Cargo Ton Miles (000):

185,397


186,490


(0.6%)











Endnote:







(a) Results are preliminary and include flights operated under contract carrier arrangements.







Delta Air Lines


Year to Date Traffic Results (a)























February 2012


February 2011


Change











RPMs (000):








Domestic

16,114,672


15,939,873


1.1%




Delta Mainline

12,700,095


12,582,757


0.9%




Regional

3,414,577


3,357,116


1.7%



International

10,784,518


10,845,351


(0.6%)




Latin America

2,268,088


2,266,735


0.1%




    Delta Mainline

2,243,610


2,236,796


0.3%




    Regional

24,478


29,939


(18.2%)




Atlantic

4,794,660


4,844,265


(1.0%)




Pacific

3,721,770


3,734,351


(0.3%)



Total System

26,899,190


26,785,224


0.4%











ASMs (000):








Domestic

20,560,555


20,986,791


(2.0%)




Delta Mainline

15,837,275


16,238,676


(2.5%)




Regional

4,723,280


4,748,115


(0.5%)



International

14,288,419


14,968,933


(4.5%)




Latin America

2,912,076


2,993,197


(2.7%)




    Delta Mainline

2,870,926


2,945,491


(2.5%)




    Regional

41,150


47,706


(13.7%)




Atlantic

6,759,696


7,362,532


(8.2%)




Pacific

4,616,647


4,613,204


0.1%



Total System

34,848,974


35,955,724


(3.1%)











Load Factor:








Domestic

78.4%


76.0%


2.4

pts



Delta Mainline

80.2%


77.5%


2.7

pts



Regional

72.3%


70.7%


1.6

pts


International

75.5%


72.5%


3.0

pts



Latin America

77.9%


75.7%


2.2

pts



    Delta Mainline

78.1%


75.9%


2.2

pts



    Regional

59.5%


62.8%


(3.3)

pts



Atlantic

70.9%


65.8%


5.1

pts



Pacific

80.6%


80.9%


(0.3)

pts


Total System

77.2%


74.5%


2.7

pts










Passengers Boarded

23,064,446


22,541,372


2.3%











Cargo Ton Miles (000):

359,590


369,319


(2.6%)




















Endnote:







(a) Results are preliminary and include flights operated under contract carrier arrangements.













Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures

February 2012

Delta sometimes uses information that is derived from its Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. ("GAAP"). Certain of this information are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules.  The non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results.

  • Delta adjusts for mark to market ("MTM") adjustments for fuel hedges recorded in periods other than the settlement period in order to evaluate the company's financial results in the period shown.



February 2012

(preliminary)




Average price per fuel gallon including fuel expense incurred under contract carrier arrangements

$3.12




MTM adjustments for fuel hedges recorded in periods other than the settlement period

0.23




Average price per fuel gallon adjusted for MTM adjustments for fuel hedges recorded in periods other than the settlement period

$3.35












SOURCE Delta Air Lines

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