Delta Reports Financial and Operating Performance for October 2014

 

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

Consolidated passenger unit revenue (PRASM) for the month of October increased 3.0 percent year over year driven by improvements in domestic and transatlantic unit revenues.

Delta's solid operating performance continued through October, with a monthly completion factor of 99.9 percent and an on-time arrival rate of 86.8 percent.

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

Preliminary Financial and Operating Results

 

 

October consolidated PRASM change year over year

3.0%

October mainline completion factor

99.9%

October on-time performance (preliminary DOT A14)

86.8%

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 318 destinations in 58 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 Nov. 4, 2014, and which we have no current intention to update.

 

 

 

 

Monthly Traffic Results (a)

 

Year to Date Traffic Results (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oct 2014

 

Oct 2013

 

Change

 

 

Oct 2014

 

Oct 2013

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RPMs (000):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

10,330,665

 

9,667,452

 

6.9%

 

 

101,202,654

 

96,593,174

 

4.8%

 

 

 

Delta Mainline

8,481,007

 

7,753,318

 

9.4%

 

 

83,204,131

 

78,146,878

 

6.5%

 

 

 

Regional

1,849,658

 

1,914,134

 

(3.4%)

 

 

17,998,523

 

18,446,296

 

(2.4%)

 

 

International

6,706,128

 

6,590,279

 

1.8%

 

 

70,724,421

 

68,463,035

 

3.3%

 

 

 

Latin America

1,280,419

 

1,123,912

 

13.9%

 

 

15,092,831

 

12,673,819

 

19.1%

 

 

 

       Delta Mainline

1,252,630

 

1,111,407

 

12.7%

 

 

14,791,791

 

12,509,325

 

18.2%

 

 

 

       Regional

27,788

 

12,505

 

122.2%

 

 

301,040

 

164,494

 

83.0%

 

 

 

Atlantic

3,442,217

 

3,464,734

 

(0.6%)

 

 

34,881,309

 

34,890,528

 

(0.0%)

 

 

 

Pacific

1,983,492

 

2,001,633

 

(0.9%)

 

 

20,750,280

 

20,898,688

 

(0.7%)

 

 

Total System

17,036,793

 

16,257,731

 

4.8%

 

 

171,927,075

 

165,056,209

 

4.2%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ASMs (000):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

12,143,309

 

11,770,445

 

3.2%

 

 

118,201,842

 

115,912,382

 

2.0%

 

 

 

Delta Mainline

9,818,419

 

9,301,044

 

5.6%

 

 

95,635,038

 

92,069,142

 

3.9%

 

 

 

Regional

2,324,889

 

2,469,401

 

(5.9%)

 

 

22,566,804

 

23,843,240

 

(5.4%)

 

 

International

8,186,589

 

7,847,981

 

4.3%

 

 

83,776,964

 

80,501,919

 

4.1%

 

 

 

Latin America

1,573,159

 

1,369,880

 

14.8%

 

 

18,067,341

 

15,113,697

 

19.5%

 

 

 

Delta Mainline

1,534,641

 

1,353,636

 

13.4%

 

 

17,667,568

 

14,900,837

 

18.6%

 

 

 

       Regional

38,518

 

16,244

 

137.1%

 

 

399,773

 

212,860

 

87.8%

 

 

 

Atlantic

4,130,022

 

4,035,230

 

2.3%

 

 

40,949,501

 

40,658,367

 

0.7%

 

 

 

Pacific

2,483,407

 

2,442,871

 

1.7%

 

 

24,760,122

 

24,729,855

 

0.1%

 

 

Total System

20,329,897

 

19,618,426

 

3.6%

 

 

201,978,806

 

196,414,301

 

2.8%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Load Factor:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic

85.1%

 

82.1%

 

3.0

pts

 

85.6%

 

83.3%

 

2.3

pts

 

 

Delta Mainline

86.4%

 

83.4%

 

3.0

pts

 

87.0%

 

84.9%

 

2.1

pts

 

 

Regional

79.6%

 

77.5%

 

2.1

pts

 

79.8%

 

77.4%

 

2.4

pts

 

International

81.9%

 

84.0%

 

(2.1)

pts

 

84.4%

 

85.0%

 

(0.6)

pts

 

 

Latin America

81.4%

 

82.0%

 

(0.6)

pts

 

83.5%

 

83.9%

 

(0.4)

pts

 

 

Delta Mainline

81.6%

 

82.1%

 

(0.5)

pts

 

83.7%

 

84.0%

 

(0.3)

pts

 

 

       Regional

72.1%

 

77.0%

 

(4.9)

pts

 

75.3%

 

77.3%

 

(2.0)

pts

 

 

Atlantic

83.3%

 

85.9%

 

(2.6)

pts

 

85.2%

 

85.8%

 

(0.6)

pts

 

 

Pacific

79.9%

 

81.9%

 

(2.0)

pts

 

83.8%

 

84.5%

 

(0.7)

pts

 

Total System

83.8%

 

82.9%

 

0.9

pts

 

85.1%

 

84.0%

 

1.1

pts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mainline Completion Factor

99.9%

 

99.9%

 

0.0

pts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Passengers Boarded

14,853,097

 

14,072,055

 

5.6%

 

 

144,402,309

 

138,763,536

 

4.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cargo Ton Miles (000):

214,679

 

216,689

 

(0.9%)

 

 

1,982,627

 

1,960,882

 

1.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Endnote:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Results include flights operated under contract carrier arrangements

 

 

 

 

 

 

 

 

 

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

SOURCE Delta Air Lines

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