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

 

Consolidated passenger unit revenue (PRASM) for the month of June increased 4.5 percent year over year as continued corporate and domestic strength offset lower than expected international yields driven by industry-wide capacity increases and lower business demand to Latin America due to the World Cup. For the June quarter, unit revenues increased 6 percent, in line with initial guidance given in late April.

Delta's solid operating performance continued through June, with a monthly completion factor of 99.9 percent and an on-time arrival rate of 80.8 percent.

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

Preliminary Financial and Operating Results

 

 

 

June consolidated PRASM change year over year

4.5%

Projected June quarter fuel price per gallon, adjusted

$2.93 - $2.98

June mainline completion factor

99.9%

June on-time performance (preliminary DOT A14)

80.8%

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 333 destinations in 64 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 July 2, 2014, and which we have no current intention to update.

 

     

Monthly Traffic Results (a)

   

Year to Date Traffic Results (a)

 
                               
     

Jun 2014

 

Jun 2013

 

Change

   

Jun 2014

 

Jun 2013

 

Change

 
                               

RPMs (000):

                           
 

Domestic

10,939,979

 

10,526,035

 

3.9%

   

58,257,767

 

55,765,912

 

4.5%

 
   

Delta Mainline

9,033,537

 

8,546,649

 

5.7%

   

47,670,256

 

45,011,319

 

5.9%

 
   

Regional

1,906,442

 

1,979,386

 

(3.7%)

   

10,587,511

 

10,754,593

 

(1.6%)

 
 

International

8,089,102

 

7,941,956

 

1.9%

   

39,677,005

 

38,093,256

 

4.2%

 
   

Latin America

1,539,638

 

1,278,412

 

20.4%

   

9,234,251

 

7,561,590

 

22.1%

 
   

Delta Mainline

1,504,803

 

1,257,353

 

19.7%

   

9,044,613

 

7,451,238

 

21.4%

 
   

       Regional

34,835

 

21,059

 

65.4%

   

189,637

 

110,352

 

71.8%

 
   

Atlantic

4,380,459

 

4,437,900

 

(1.3%)

   

18,421,514

 

18,475,275

 

(0.3%)

 
   

Pacific

2,169,005

 

2,225,644

 

(2.5%)

   

12,021,240

 

12,056,391

 

(0.3%)

 
 

Total System

19,029,082

 

18,467,991

 

3.0%

   

97,934,772

 

93,859,168

 

4.3%

 
                               

ASMs (000):

                           
 

Domestic

12,451,593

 

12,188,850

 

2.2%

   

68,294,909

 

67,136,049

 

1.7%

 
   

Delta Mainline

10,148,326

 

9,752,353

 

4.1%

   

54,964,594

 

53,121,856

 

3.5%

 
   

Regional

2,303,267

 

2,436,497

 

(5.5%)

   

13,330,315

 

14,014,193

 

(4.9%)

 
 

International

9,295,364

 

8,908,600

 

4.3%

   

47,421,578

 

45,765,993

 

3.6%

 
   

Latin America

1,855,341

 

1,502,693

 

23.5%

   

11,094,057

 

9,135,595

 

21.4%

 
   

Delta Mainline

1,811,883

 

1,477,858

 

22.6%

   

10,839,269

 

8,989,714

 

20.6%

 
   

       Regional

43,458

 

24,835

 

75.0%

   

254,788

 

145,881

 

74.7%

 
   

Atlantic

4,926,892

 

4,877,253

 

1.0%

   

22,021,786

 

22,352,459

 

(1.5%)

 
   

Pacific

2,513,131

 

2,528,654

 

(0.6%)

   

14,305,735

 

14,277,939

 

0.2%

 
 

Total System

21,746,957

 

21,097,450

 

3.1%

   

115,716,487

 

112,902,042

 

2.5%

 
                               

Load Factor:

                           
 

Domestic

87.9%

 

86.4%

 

1.5

pts

 

85.3%

 

83.1%

 

2.2

pts

   

Delta Mainline

89.0%

 

87.6%

 

1.4

pts

 

86.7%

 

84.7%

 

2.0

pts

   

Regional

82.8%

 

81.2%

 

1.6

pts

 

79.4%

 

76.7%

 

2.7

pts

 

International

87.0%

 

89.1%

 

(2.1)

pts

 

83.7%

 

83.2%

 

0.5

pts

   

Latin America

83.0%

 

85.1%

 

(2.1)

pts

 

83.2%

 

82.8%

 

0.4

pts

   

Delta Mainline

83.1%

 

85.1%

 

(2.0)

pts

 

83.4%

 

82.9%

 

0.5

pts

   

       Regional

80.2%

 

84.8%

 

(4.6)

pts

 

74.4%

 

75.6%

 

(1.2)

pts

   

Atlantic

88.9%

 

91.0%

 

(2.1)

pts

 

83.7%

 

82.7%

 

1.0

pts

   

Pacific

86.3%

 

88.0%

 

(1.7)

pts

 

84.0%

 

84.4%

 

(0.4)

pts

 

Total System

87.5%

 

87.5%

 

0.0

pts

 

84.6%

 

83.1%

 

1.5

pts

                               

Mainline Completion Factor

99.9%

 

99.6%

 

0.3

pts

             
                               

Passengers Boarded

15,592,676

 

15,101,576

 

3.3%

   

83,255,016

 

80,137,273

 

3.9%

 
                               

Cargo Ton Miles (000):

207,637

 

196,093

 

5.9%

   

1,127,912

 

1,138,344

 

(0.9%)

 
                               

Results include flights operated under contract carrier arrangements

               

 

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

SOURCE Delta Air Lines

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