Delta Air Lines (NYSE: DAL) today reported financial and operating performance for April 2014.

 

Consolidated passenger unit revenue (PRASM) for the month of April increased 6.0 percent year over year with strength in the Domestic, Transatlantic and Latin regions. April PRASM results benefited from the late placement of the Easter Holiday which shifted revenue from March into April.

Delta's solid operating performance continued through April, with a monthly completion factor of 99.9 percent and an on-time arrival rate of 85.2 percent.

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

Preliminary Financial and Operating Results

 

April consolidated PRASM change year over year

6.0%

Projected June quarter fuel price per gallon, adjusted

$2.97 - $3.02

April mainline completion factor

99.9%

April on-time performance (preliminary DOT A14)

85.2%

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 322 destinations in 59 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 May 2, 2014, and which we have no current intention to update.

     

Monthly Traffic Results (a)

   

Year to Date Traffic Results (a)

 
                               
     

Apr 2014

 

Apr 2013

 

Change

   

Apr 2014

 

Apr 2013

 

Change

 
                               

RPMs (000):

                           
 

Domestic

10,109,008

 

9,436,907

 

7.1%

   

36,823,443

 

35,415,453

 

4.0%

 
   

Delta Mainline

8,267,423

 

7,595,568

 

8.8%

   

30,040,737

 

28,563,535

 

5.2%

 
   

Regional

1,841,585

 

1,841,339

 

0.0%

   

6,782,706

 

6,851,918

 

(1.0%)

 
 

International

6,464,367

 

6,108,582

 

5.8%

   

24,349,467

 

23,207,922

 

4.9%

 
   

Latin America

1,449,758

 

1,132,560

 

28.0%

   

6,251,671

 

5,110,867

 

22.3%

 
   

Delta Mainline

1,421,304

 

1,113,785

 

27.6%

   

6,131,222

 

5,042,800

 

21.6%

 
   

       Regional

28,455

 

18,775

 

51.6%

   

120,449

 

68,067

 

77.0%

 
   

Atlantic

3,171,549

 

3,152,408

 

0.6%

   

10,304,547

 

10,330,663

 

(0.3%)

 
   

Pacific

1,843,060

 

1,823,614

 

1.1%

   

7,793,248

 

7,766,392

 

0.3%

 
 

Total System

16,573,376

 

15,545,489

 

6.6%

   

61,172,910

 

58,623,375

 

4.3%

 
                               

ASMs (000):

                           
 

Domestic

11,759,212

 

11,402,501

 

3.1%

   

43,799,344

 

43,321,900

 

1.1%

 
   

Delta Mainline

9,456,296

 

9,002,973

 

5.0%

   

35,080,217

 

34,171,022

 

2.7%

 
   

Regional

2,302,916

 

2,399,528

 

(4.0%)

   

8,719,127

 

9,150,878

 

(4.7%)

 
 

International

7,812,412

 

7,598,238

 

2.8%

   

29,677,868

 

28,700,910

 

3.4%

 
   

Latin America

1,745,383

 

1,407,446

 

24.0%

   

7,475,430

 

6,223,855

 

20.1%

 
   

Delta Mainline

1,706,659

 

1,383,321

 

23.4%

   

7,310,507

 

6,130,572

 

19.2%

 
   

       Regional

38,723

 

24,125

 

60.5%

   

164,923

 

93,283

 

76.8%

 
   

Atlantic

3,730,411

 

3,907,078

 

(4.5%)

   

12,848,670

 

13,154,441

 

(2.3%)

 
   

Pacific

2,336,618

 

2,283,714

 

2.3%

   

9,353,767

 

9,322,614

 

0.3%

 
 

Total System

19,571,624

 

19,000,739

 

3.0%

   

73,477,212

 

72,022,810

 

2.0%

 
                               

Load Factor:

                           
 

Domestic

86.0%

 

82.8%

 

3.2

pts

 

84.1%

 

81.7%

 

2.4

pts

   

Delta Mainline

87.4%

 

84.4%

 

3.0

pts

 

85.6%

 

83.6%

 

2.0

pts

   

Regional

80.0%

 

76.7%

 

3.3

pts

 

77.8%

 

74.9%

 

2.9

pts

 

International

82.7%

 

80.4%

 

2.3

pts

 

82.0%

 

80.9%

 

1.1

pts

   

Latin America

83.1%

 

80.5%

 

2.6

pts

 

83.6%

 

82.1%

 

1.5

pts

   

Delta Mainline

83.3%

 

80.5%

 

2.8

pts

 

83.9%

 

82.3%

 

1.6

pts

   

       Regional

73.5%

 

77.8%

 

(4.3)

pts

 

73.0%

 

73.0%

 

0.0

pts

   

Atlantic

85.0%

 

80.7%

 

4.3

pts

 

80.2%

 

78.5%

 

1.7

pts

   

Pacific

78.9%

 

79.9%

 

(1.0)

pts

 

83.3%

 

83.3%

 

0.0

pts

 

Total System

84.7%

 

81.8%

 

2.9

pts

 

83.3%

 

81.4%

 

1.9

pts

                               

Mainline Completion Factor

99.9%

 

99.9%

 

-

pts

             
                               

Passengers Boarded

14,419,159

 

13,532,954

 

6.5%

   

52,579,921

 

50,771,706

 

3.6%

 
                               

Cargo Ton Miles (000):

185,020

 

187,695

 

(1.4%)

   

720,631

 

750,581

 

(4.0%)

 
                               

Results include flights operated under contract carrier arrangements

     

Logo - http://photos.prnewswire.com/prnh/20090202/DELTALOGO

SOURCE Delta Air Lines

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