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

 

Consolidated passenger unit revenue (PRASM) for the month of August increased 2.0 percent year over year driven by continued strength in domestic markets, which offset an estimated 1 point of negative PRASM pressure from the impact of events in Russia, the Middle East and Africa.

Delta's solid operating performance continued through August, with a monthly completion factor of 99.6 percent and an on-time arrival rate of 84.3 percent.

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

Preliminary Financial and Operating Results

 

 

 

August consolidated PRASM change year over year

2.0%

Projected September quarter PRASM change year over year

2% – 3%

Projected September quarter fuel price per gallon, adjusted

$2.90 - $2.95

August mainline completion factor

99.6%

August on-time performance (preliminary DOT A14)

84.3%

   

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 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 323 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 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.

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 Sep. 3, 2014, and which we have no current intention to update.

     

Monthly Traffic Results (a)

 

Year to Date Traffic Results (a)

                               
                               
     

Aug 2014

 

Aug 2013

 

Change

   

Aug 2014

 

Aug 2013

 

Change

 
                               

RPMs (000):

                           
 

Domestic

11,430,396

 

11,007,019

 

3.8%

   

81,271,683

 

77,839,334

 

4.4%

 
   

Delta Mainline

9,502,651

 

8,957,877

 

6.1%

   

66,814,234

 

63,037,203

 

6.0%

 
   

Regional

1,927,745

 

2,049,142

 

(5.9%)

   

14,457,449

 

14,802,131

 

(2.3%)

 
 

International

8,604,080

 

8,430,946

 

2.1%

   

56,667,115

 

54,882,114

 

3.3%

 
   

Latin America

1,640,124

 

1,410,147

 

16.3%

   

12,597,620

 

10,476,847

 

20.2%

 
   

Delta Mainline

1,612,799

 

1,396,239

 

15.5%

   

12,347,640

 

10,337,205

 

19.4%

 
   

       Regional

27,325

 

13,908

 

96.5%

   

249,980

 

139,642

 

79.0%

 
   

Atlantic

4,556,781

 

4,553,909

 

0.1%

   

27,397,122

 

27,620,247

 

(0.8%)

 
   

Pacific

2,407,175

 

2,466,890

 

(2.4%)

   

16,672,373

 

16,785,020

 

(0.7%)

 
 

Total System

20,034,476

 

19,437,965

 

3.1%

   

137,938,799

 

132,721,448

 

3.9%

 
                               
                               

ASMs (000):

                           
 

Domestic

13,109,690

 

12,899,621

 

1.6%

   

94,478,093

 

92,899,421

 

1.7%

 
   

Delta Mainline

10,739,107

 

10,313,198

 

4.1%

   

76,427,261

 

73,806,896

 

3.6%

 
   

Regional

2,370,584

 

2,586,423

 

(8.3%)

   

18,050,832

 

19,092,525

 

(5.5%)

 
 

International

9,756,925

 

9,367,058

 

4.2%

   

66,928,671

 

64,597,228

 

3.6%

 
   

Latin America

1,909,225

 

1,602,845

 

19.1%

   

14,984,554

 

12,425,855

 

20.6%

 
   

Delta Mainline

1,874,524

 

1,586,070

 

18.2%

   

14,656,258

 

12,245,033

 

19.7%

 
   

       Regional

34,701

 

16,775

 

106.9%

   

328,296

 

180,822

 

81.6%

 
   

Atlantic

5,136,100

 

4,974,839

 

3.2%

   

32,275,541

 

32,422,265

 

(0.5%)

 
   

Pacific

2,711,600

 

2,789,374

 

(2.8%)

   

19,668,575

 

19,749,108

 

(0.4%)

 
 

Total System

22,866,615

 

22,266,679

 

2.7%

   

161,406,764

 

157,496,649

 

2.5%

 
                               
                               

Load Factor:

                           
 

Domestic

87.2%

 

85.3%

 

1.9

pts

 

86.0%

 

83.8%

 

2.2

pts

   

Delta Mainline

88.5%

 

86.9%

 

1.6

pts

 

87.4%

 

85.4%

 

2.0

pts

   

Regional

81.3%

 

79.2%

 

2.1

pts

 

80.1%

 

77.5%

 

2.6

pts

 

International

88.2%

 

90.0%

 

(1.8)

pts

 

84.7%

 

85.0%

 

(0.3)

pts

   

Latin America

85.9%

 

88.0%

 

(2.1)

pts

 

84.1%

 

84.3%

 

(0.2)

pts

   

Delta Mainline

86.0%

 

88.0%

 

(2.0)

pts

 

84.2%

 

84.4%

 

(0.2)

pts

   

       Regional

78.7%

 

82.9%

 

(4.2)

pts

 

76.1%

 

77.2%

 

(1.1)

pts

   

Atlantic

88.7%

 

91.5%

 

(2.8)

pts

 

84.9%

 

85.2%

 

(0.3)

pts

   

Pacific

88.8%

 

88.4%

 

0.4

pts

 

84.8%

 

85.0%

 

(0.2)

pts

 

Total System

87.6%

 

87.3%

 

0.3

pts

 

85.5%

 

84.3%

 

1.2

pts

                               

Mainline Completion Factor

99.6%

 

99.9%

 

(0.3)

pts

             
                               

Passengers Boarded

16,117,881

 

15,664,509

 

2.9%

   

115,618,836

 

111,449,948

 

3.7%

 
                               

Cargo Ton Miles (000):

213,647

 

202,739

 

5.4%

   

1,559,806

 

1,542,332

 

1.1%

 
                               

Results include flights operated under contract carrier arrangements

               
                               
                               

 

CONTACT:          

Corporate Communications

 

404-715-2554

 

news archive at news.delta.com

   
 

Investor Relations

 

404-715-2170

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

SOURCE Delta Air Lines

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