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

 

Consolidated passenger unit revenue (PRASM) for the month of May increased 7.0 percent year over year driven by revenue gains in the transatlantic and domestic entities, with particular strength in Delta's hubs in Atlanta, New York and Seattle.

Delta's solid operating performance continued through May, with a monthly completion factor of 99.9 percent and an on-time arrival rate of 84.4 percent.

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

Preliminary Financial and Operating Results

 

May consolidated PRASM change year over year

7.0%

Projected June quarter fuel price per gallon, adjusted

$2.93 - $2.98

May mainline completion factor

99.9%

May on-time performance (preliminary DOT A14)

84.4%

 

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

 

     

Monthly Traffic Results (a)

   

Year to Date Traffic Results (a)

 
                               
     

May 2014

 

May 2013

 

Change

   

May 2014

 

May 2013

 

Change

 
                               

RPMs (000):

                           
 

Domestic

10,494,346

 

9,824,424

 

6.8%

   

47,317,788

 

45,239,877

 

4.6%

 
   

Delta Mainline

8,595,982

 

7,901,135

 

8.8%

   

38,636,719

 

36,464,670

 

6.0%

 
   

Regional

1,898,363

 

1,923,289

 

(1.3%)

   

8,681,069

 

8,775,207

 

(1.1%)

 
 

International

7,238,435

 

6,943,378

 

4.2%

   

31,587,902

 

30,151,300

 

4.8%

 
   

Latin America

1,442,941

 

1,172,311

 

23.1%

   

7,694,612

 

6,283,178

 

22.5%

 
   

Delta Mainline

1,408,588

 

1,151,085

 

22.4%

   

7,539,810

 

6,193,885

 

21.7%

 
   

Regional

34,353

 

21,226

 

61.8%

   

154,802

 

89,293

 

73.4%

 
   

Atlantic

3,736,507

 

3,706,712

 

0.8%

   

14,041,055

 

14,037,375

 

0.0%

 
   

Pacific

2,058,987

 

2,064,355

 

(0.3%)

   

9,852,236

 

9,830,747

 

0.2%

 
 

Total System

17,732,781

 

16,767,802

 

5.8%

   

78,905,690

 

75,391,177

 

4.7%

 
                               

ASMs (000):

                           
 

Domestic

12,043,972

 

11,625,299

 

3.6%

   

55,843,316

 

54,947,199

 

1.6%

 
   

Delta Mainline

9,736,051

 

9,198,481

 

5.8%

   

44,816,268

 

43,369,503

 

3.3%

 
   

Regional

2,307,921

 

2,426,818

 

(4.9%)

   

11,027,048

 

11,577,696

 

(4.8%)

 
 

International

8,448,346

 

8,156,483

 

3.6%

   

38,126,214

 

36,857,393

 

3.4%

 
   

Latin America

1,763,286

 

1,409,047

 

25.1%

   

9,238,716

 

7,632,902

 

21.0%

 
   

Delta Mainline

1,716,880

 

1,381,284

 

24.3%

   

9,027,387

 

7,511,856

 

20.2%

 
   

Regional

46,406

 

27,763

 

67.1%

   

211,329

 

121,046

 

74.6%

 
   

Atlantic

4,246,224

 

4,320,765

 

(1.7%)

   

17,094,894

 

17,475,206

 

(2.2%)

 
   

Pacific

2,438,837

 

2,426,671

 

0.5%

   

11,792,604

 

11,749,285

 

0.4%

 
 

Total System

20,492,318

 

19,781,782

 

3.6%

   

93,969,530

 

91,804,592

 

2.4%

 
                               

Load Factor:

                           
 

Domestic

87.1%

 

84.5%

 

2.6

pts

 

84.7%

 

82.3%

 

2.4

pts

   

Delta Mainline

88.3%

 

85.9%

 

2.4

pts

 

86.2%

 

84.1%

 

2.1

pts

   

Regional

82.3%

 

79.3%

 

3.0

pts

 

78.7%

 

75.8%

 

2.9

pts

 

International

85.7%

 

85.1%

 

0.6

pts

 

82.9%

 

81.8%

 

1.1

pts

   

Latin America

81.8%

 

83.2%

 

(1.4)

pts

 

83.3%

 

82.3%

 

1.0

pts

   

Delta Mainline

82.0%

 

83.3%

 

(1.3)

pts

 

83.5%

 

82.5%

 

1.0

pts

   

Regional

74.0%

 

76.5%

 

(2.5)

pts

 

73.3%

 

73.8%

 

(0.5)

pts

   

Atlantic

88.0%

 

85.8%

 

2.2

pts

 

82.1%

 

80.3%

 

1.8

pts

   

Pacific

84.4%

 

85.1%

 

(0.7)

pts

 

83.5%

 

83.7%

 

(0.2)

pts

 

Total System

86.5%

 

84.8%

 

1.7

pts

 

84.0%

 

82.1%

 

1.9

pts

                               

Mainline Completion Factor

99.9%

 

99.9%

 

-

pts

             
                               

Passengers Boarded

15,082,419

 

14,263,991

 

5.7%

   

67,662,340

 

65,035,697

 

4.0%

 
                               

Cargo Ton Miles (000):

199,644

 

191,669

 

4.2%

   

920,275

 

942,250

 

(2.3%)

 
                               

a Results include flights operated under contract carrier arrangements

             

 

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

SOURCE Delta Air Lines

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